Questions
How would you respond to this post? A firm should always have more than one supplier....

How would you respond to this post?

A firm should always have more than one supplier. I work in the aerospace industry. As such, there are many certifications and standards that each supplier must be and be held to. It is very difficult to attain these and therefore exiting a supplier is rigorous work. Making a good decision in the first place is the key. However, having too many suppliers can cause complications with delivery frequency, pricing, or quality (Vonderembse, & White, 2013). Variations in any of these can cause complications for a firm. If I were CEO of a company, I'd rather mitigate the risk of quality, pricing, natural disasters, or otherwise by having multiple suppliers than relying solely on only one or two and risking everything on their performance.

There are several parts that we are always waiting for from suppliers. Some of those have less than a 50% acceptance rate meaning that less than half of the ones the supplier sends us to meet our quality specs. We end up doing rework in house to try and salvage as many parts as we can due to the processing time and cost to qualify new suppliers. There are also situations where parts are designed for certain operations to be done in house and others, outsourced. As a general rule of thumb, though, I think every firm should have multiple suppliers.

In: Operations Management

Provide an overview of how health care in the United States has evolved since the postindustrial...

  • Provide an overview of how health care in the United States has evolved since the postindustrial period.
  • How has the evolution of medical technology, graduate medical education, and the professionalization of medical and nursing staff affected the delivery of care?
  • Why has the United States been unsuccessful in evolving the current health care system into a national health care system?

PLEASE USE EXAMPLES

In: Operations Management

discuss the roles for procurement (strategic, tactical, operational)

discuss the roles for procurement (strategic, tactical, operational)

In: Operations Management

When the owner defaults on a mortgage, what can the lender do to obtain the money...

When the owner defaults on a mortgage, what can the lender do to obtain the money that is owed?

In: Operations Management

Elise, Adam and Thomas want to establish a restaurant called EATs. Elise is a retired bookkeeper...

Elise, Adam and Thomas want to establish a restaurant called EATs. Elise is a retired bookkeeper and invested $20,000 in this venture. Adam and Thomas both invested $10,000. Elise is an excellent baker while Adam and Thomas graduated from culinary college and focus on the appetizers and main courses. They will all share equally in the work of the restaurant. Elise, given her background in bookkeeping, will do the financial records for the business.

They heard about a local restaurant owner that went bankrupt due to an outbreak of food poisoning from his restaurant. Until then, Elise, Adam and Thomas planned to register their business name, lease the property, and buy the necessary equipment and supplies. After hearing about the other restaurant owner, they are very nervous and want to discuss what they can do to protect themselves.

i. Identify and briefly explain the (relevant) business forms, including subtypes that are available to Elise, Adam, and Thomas, given the provided facts.
ii. Provide two advantages and disadvantages for each of the business forms that you identified in part (i). Be thorough in your answer.
iii. Which of these business forms would you recommend in the circumstances? Be sure to indicate why you would recommend it and why you would not choose the other(s), including any subtypes.

In: Operations Management

conduct a research and find two article about the administrative laws of any two countries apart...

conduct a research and find two article about the administrative laws of any two countries apart from the united state. write the seminaries and the differnces of administrative laws of both countries... write in two double space page.

In: Operations Management

Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home...

Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of loans are 6% for home loans, 14% for personal loans, and 10% for automobile loans. The bank’s planning committee has decided that at least 40% of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans.

(a) Formulate a linear programming model that can be used to determine the amount of funds ASB should allocate to each type of loan to maximize the total annual return for the new funds. If the constant is "1" it must be entered in the box. If your answer is zero enter “0”.
Let H = amount allocated to home loans
P = amount allocated to personal loans
A = amount allocated to automobile loans
Max H + P + A
s.t.
H + P + A Minimum Home Loans
H + P + A Personal Loan Requirement
H + P + A = Amount of New Funds
(b) How much should be allocated to each type of loan?
Loan type Allocation
Home $
Personal $
Automobile $
What is the total annual return?
If required, round your answer to nearest whole dollar amount.
$
What is the annual percentage return?
If required, round your answer to two decimal places.
%
(c) If the interest rate on home loans increases to 9%, would the amount allocated to each type of loan change?
- Select your answer -YesNoItem 21
Explain.
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
(d) Suppose the total amount of new funds available is increased by $10,000. What effect would this have on the total annual return? Explain.
If required, round your answer to nearest whole dollar amount.
An increase of $10,000 to the total amount of funds available would increase the total annual return by $ .
(e) Assume that ASB has the original $1 million in new funds available and that the planning committee has agreed to relax the requirement that at least 40% of the new funds must be allocated to home loans by 1%. How much would the annual return change?
If required, round your answer to nearest whole dollar amount.
$
How much would the annual percentage return change?
If required, round your answer to two decimal places.
%

In: Operations Management

conduct a research and find two article about the administrative laws of any two countries, apart...

conduct a research and find two article about the administrative laws of any two countries, apart from united state. write an introduction and critical analysis on both countries. write on two double space page

In: Operations Management

Identify the key factors business owners should take into consideration before redefining the business strategy. How...

Identify the key factors business owners should take into consideration before redefining the business strategy. How tools are used in the formulation of strategy and who is responsible for implementing strategy in a business? How are companies integrating Corporate Social Responsibility into the strategic planning process.

In: Operations Management

Create a 50+ word ethics code for your small business based upon the information provided below....

Create a 50+ word ethics code for your small business based upon the information provided below. You may want to search for various codes of conduct/code of ethics to see how these are typically written for a business.

You are the owner of a new pet grooming boutique called Cats Rule-Dogs Obey. You will need to hire three groomers. In addition to grooming cats and dogs, the groomers will be responsible for scheduling appointments, keeping the boutique clean and stock with pet products, maintaining the privacy of both owners and the pets, opening and closing the boutique and handling customer concerns and questions. Generally, as a new owner you plan to be at the boutique during most of the open hours, however there will be times that you will have to step out and depend on the groomers to be in charge.

As the owner, think about statements that you want your employees to understand as critical for the reputation and well-being of the boutique and the clients! What does an ethical groomer mean to you and your business? Make sure to capture this information in your written code.

In: Operations Management

please be sure to do part E its the hardest part 3) A toy manufacturer makes...

please be sure to do part E its the hardest part

3) A toy manufacturer makes its own wind-up motors, which are then put into its toys. While the toy manufacturing process is continuous, the motors are intermittent flow. Data on the manufacture of the motors appears below.
Annual demand (D) = 50,000 units Daily subassembly production rate = 1,000

Setup cost (S) = $85 per batch Daily subassembly usage rate = 200 Carrying cost = $.20 per unit per year

a. To minimize cost, how large should each batch of subassemblies be? b. Approximately how many days are required to produce a batch?
c. How long is a complete cycle?
d. What is the average inventory for this problem?

e. What is the total inventory cost (rounded to nearest dollar) of the optimal behavior in this problem?

In: Operations Management

I need to make 2 possible suggestions on how Comcast can fix the problem with their...

I need to make 2 possible suggestions on how Comcast can fix the problem with their customer service, and how Comcast can possibly improve the whole business overall while briefly discussing the impacts of these suggestions.

Please put in a paragraph with the heading above, I Must come up with 350 words in total.

In: Operations Management

Discuss at least (2) "lessons" about Quality Management from this course that will benefit you in...

Discuss at least (2) "lessons" about Quality Management from this course that will benefit you in your present / future professional life and / or personal life.

In: Operations Management

Elise, Adam and Thomas want to establish a restaurant called EATs. Elise is a retired bookkeeper...

Elise, Adam and Thomas want to establish a restaurant called EATs. Elise is a retired bookkeeper and invested $20,000 in this venture. Adam and Thomas both invested $10,000. Elise is an excellent baker while Adam and Thomas graduated from culinary college and focus on the appetizers and main courses. They will all share equally in the work of the restaurant. Elise, given her background in bookkeeping, will do the financial records for the business.

They heard about a local restaurant owner that went bankrupt due to an outbreak of food poisoning from his restaurant. Until then, Elise, Adam and Thomas planned to register their business name, lease the property, and buy the necessary equipment and supplies. After hearing about the other restaurant owner, they are very nervous and want to discuss what they can do to protect themselves.

i. Identify and briefly explain the (relevant) business forms, including subtypes that are available to Elise, Adam, and Thomas, given the provided facts.
ii. Provide two advantages and disadvantages for each of the business forms that you identified in part (i). Be thorough in your answer.
iii. Which of these business forms would you recommend in the circumstances? Be sure to indicate why you would recommend it and why you would not choose the other(s), including any subtypes.

In: Operations Management

In using published pay surveys to assess your organization’s pay ranges, the least difficult task is:...

  1. In using published pay surveys to assess your organization’s pay ranges, the least difficult task is:

a. Identifying the best pay survey.

b. Matching your organization’s positions to pay survey positions.

c. Finding the median rate in the published pay surveys.

d. Assuring the pay survey includes data sorts that match your organization’s: geographic; budget; type organization; and number of employees.

In: Operations Management