Questions
Q.1 Inventory Location Balance Accuracy is A. Not necessary for planning. B. The measurement in the...

Q.1 Inventory Location Balance Accuracy is

A.

Not necessary for planning.

B.

The measurement in the S&OP process of how much finished goods inventory a company has compared to planned levels.

C.

The accuracy of the perpetual balances in the ERP system.

D.

Only important to accounting functions and not to manufacturing.

E.

B and C

Q.2 An MRP explosion

A.

Requires immediate attention from the IT department

B.

Requires access to open PO (purchase orders) to work correctly

C.

Happens rarely in manufacturing

D.

Requires alternative routings to work effectively

In: Operations Management

South Shore Construction builds permanent docks and seawalls along the southern shore of Long Island, New...

South Shore Construction builds permanent docks and seawalls along the southern shore of Long Island, New York. The following data show quarterly sales revenues (in $’000s) for the past 5 years.

Quarter

Year 1

Year 2

Year 3

Year 4

Year 5

1

20

37

75

92

176

2

100

136

155

202

282

3

175

245

326

384

445

4

13

26

48

82

181

Question 4

Now make adjustments for trend and seasonality.

  1. Quantify the trend in the time series. What does the trend equation tell you?
  2. Quantify the seasonality in the time series by calculating seasonality indexes. What do these indexes tell you?
  3. Using the trend and the seasonality information from (a) and (b) make forecasts from Q1 Year 1 through Q4 Year 5.
  4. Calculate the Mean Absolute Percent Error for this set of forecasts.
  5. Plot the forecasts from (c) on the graph in Question 1. Your graph should now have the original data and 3 sets of forecasts plotted on it. Label the different plots appropriately.

Question 5

Using the method in Question 4, calculate forecasts for each of the 4 quarters of Year 6. These forecasts should be adjusted for both trend and seasonality.

In: Operations Management

The total plan for the project involved 1000 staff-days of value (the Budgeted at Completion or...

The total plan for the project involved 1000 staff-days of value (the Budgeted at Completion or BAC) accumulated over 10 months with a staff of 5 full-time people. At the 4-month mark, with no open tasks, the total accumulated earned value is 320 staff-days. The plan at this point is for 340 staff-days to have been earned. Alas, the actual amount spent (because extra staff time has already been spent on this project) is 370 staff-days.
A summary of the facts:
1. Original project cost: 1000 staff-days
2. Original project schedule: 10 months
3. Planned value: 340 staff-days at 4 months
4. Actual cost: 370 staff-days
5. Earned value: 320 staff-days
6. Current monthly staff: 5 people

5. What is the projected total cost Estimate at Completion (EAC)?
a. If we assume cost variance was atypical (and the rest of the project will go as originally planned)?
b. If we assume cost variance was typical (and the rest of the project will have a proportional variance)?
c. If we assume we can re-plan the remaining project and make a whole new estimate?
6. What is the projected schedule Estimate at Completion (EAC)?
a. If we assume schedule variance was atypical (and the rest of the project will be as originally planned)?
b. If we assume schedule variance was typical (and the rest of the project will have a proportional variance)?
c. If we assume we can re-plan the remaining project and make a whole new estimate?
7. What are the remaining cost-to-complete and schedule-to-complete figures for each of a, b, and c?
8. What is the intensity of work required to finish the work with the available funds? (These funds can be defined as either the original Budget at Completion (BAC) or the current Cost Estimate at Completion (EAC).)

In: Operations Management

Imagine that you are a systems administrator withing your company that has decided to leverage Azure...

Imagine that you are a systems administrator withing your company that has decided to leverage Azure for resource deployment. You have done research on Azure and learned about Azure Automation and how it can help simplify some of the management and configuration activities you execute on a daily, weekly, and monthly basis. You decide that you want to recommend piloting Azure Automation to show the value, but need to decide on one or two tasks to prove the value of Azure Automation to your manager.  

Thinking about the various management and configuration tasks that happen within an on-premises and/or cloud environment, what one or two tasks would you recommend as candidates for this pilot. Why would your pilot these tasks? Examples of candidate tasks may pertain to security, system maintenance, and/or service configuration at the resource level.

In: Operations Management

Consider a nonproduction support function (accounting, marketing, MIS, HR, etc.) that you have experience with or...

Consider a nonproduction support function (accounting, marketing, MIS, HR, etc.) that you have experience with or interest in.

  • Name the department and briefly discuss how the four concepts of lean can/should be applied to that activity.
  • What can that department do to become lean?

In: Operations Management

A project manager and the project team should not focus on ‘project firefighting ‘but should allocate...

A project manager and the project team should not focus on ‘project firefighting ‘but should allocate sufficient time and resources to preventing problems throughout the life of the project. Project Risk management is one way of preventing problems that can negatively affect the project objectives of cost, schedule, scope, and quality. Effective risk management is directed at eliminating threats and increasing opportunities to ensure project success.

(1) Examine a project that you have worked on or know about and discuss the types of risks or opportunities did the project face (be specific) and how did you/ the organization deal with uncertainty of these events?

(2) Identify and explain the key processes required for effective project risk management.

In: Operations Management

What is PESTEL model and explain the all parts of it. And what is Porter's five...

What is PESTEL model and explain the all parts of it. And what is Porter's five forces model and explain the all parts of briefly.     

In: Operations Management

Provide information regarding the job market and future job trends as they relate to your potential...

Provide information regarding the job market and future job trends as they relate to your potential career What academic and other training / preparation are required to enter this career?

What academic and other training / preparation are required to enter this career?

In: Operations Management

As part of the project management process, consideration must be given to acquiring the products and...

As part of the project management process, consideration must be given to acquiring the products and services that will be used during the project to produce the desired product. Project managers are tasked with sourcing these goods and services and creating and managing contracts with the sellers

  1. Explain the importance of project procurement management.
  2. Explain the activities associated with conducting and controlling procurements.

In: Operations Management

How does the example below, show that there could be a problem with risk reduction through...

How does the example below, show that there could be a problem with risk reduction through goal of diversification in businesses?(within a firm)

ex.1 First Reason, Firm stockholders can diversify their portfolios at much lower cost than a corporation, and they don't have to worry about integrating the acquisition into their portfolio.

In: Operations Management

Q2 - what strategy do you believe is best in this industry? and why? Q3 -...

Q2 - what strategy do you believe is best in this industry? and why?

Q3 - Recommendations for Seagate

Q4 - Recommendations for Quantum

In: Operations Management

1) ______ demand items are typically ______ whose demand is determined primarily by ______ conditions. Dependent;...

1)

______ demand items are typically ______ whose demand is determined primarily by ______ conditions.

Dependent; finished goods; internal

Independent; raw materials; internal

Independent; finished goods; external

Dependent; raw materials; external

2)

Which of the following is an assumption of the EOQ model?

Orders are received in multiple shipments.

Multiple products are involved.

Lead time is constant and given.

Shortages are allowed.

3)

The optimal ordering amount for companies that order seasonal items should achieve a balance between ______ and ______ costs.

stock-out; excess inventory

holding; ordering

stock-out; ordering

holding; excess inventory

4)

The ______ is the amount to which the inventory of an item should fall before the firm places a new order to replenish it.

reorder point

economic point

order point

review point

5)

The two fundamental questions in inventory management are ______ and ______ to order.

when; where

what; where

what; how much

when; how much

In: Operations Management

how should a firm communicate a breach of privacy (hack) to its customers ?

how should a firm communicate a breach of privacy (hack) to its customers ?

In: Operations Management

Jack recently attended a one-day instructor-led class that concluded with a written assessment. Throughout the day...

Jack recently attended a one-day instructor-led class that concluded with a written assessment. Throughout the day each lesson was reviewed, which focused on the main points presented during that particular lesson. While the test was all multiple choice, very few of the main points that were presented and/or reviewed were on the test. Jack, as well as others, was extremely frustrated.

Discuss how applying the ADDIE model and acknowledging adult learning principles could have provided a better learning experience. What would you have done differently?

In: Operations Management

what is the ethical dilemma between choosing greater public access and protecting consumer privacy

what is the ethical dilemma between choosing greater public access and protecting consumer privacy

In: Operations Management