Questions
The Waterworks Plumbing Supply Company stocks thousands of plumbing items sold to regional plumbers, contractors and...

The Waterworks Plumbing Supply Company stocks thousands of plumbing items sold to regional plumbers, contractors and retailers.   James Sullivan, the firm’s general manager, wonders how much money could be saved annual if an Inventory Model was defined/used instead of the firm’s present rules of thumb, to determine an Optimal Inventory Policy.      Material #3925 is externally sourced.   

Because Waterworks supplies hundreds of regional plumbers, contractors and retailers, their operation experiences a probabilistic demand; in fact, the number of units demanded varies considerably from day-to-day and from week-to-week.   Historical sales data (for Material #3925) indicate that demand during a one-week lead time can be described as having a Normal Probability Distribution with a mean of 190 units and a standard deviation of 35 units (1 unit = 1 brass valve, Material #3925).   

Mike Wazowski develops the following estimates from accounting information:

Cost per valve = $1.60

Annual Inventory Holding Rate = 25%

Ordering Cost (per order) = $5.50

Working Days per Year = 250

Lead Time = 5 days

James Sullivan is willing to tolerate a stock-out rate of 5%.    What is the recommended inventory decision (i.e., the order quantity and the reorder point)?    And, how much Safety Stock will be made available to absorb higher-than-usual demand during the lead time?    What is the associated cost of the Safety Stock?   Finally, what is the anticipated Total Annual Cost for this inventory system/policy?

In: Operations Management

1 )What expectations can students predict for employment after college . What working condition do they...

1 )What expectations can students predict for employment after college . What working condition do they can envision?( retirement benefits? Health ? Job Security?. Does their effort in college lead them directly to the employment?
2) what is a gig economy ? Instead of full time, with job security ? Make separate section for different "gig"scenarios? What about the trend of hiring part time workers instead of full time worker?

In: Operations Management

In this paper, you will compare and contrast pay structures used by two different businesses. For...

In this paper, you will compare and contrast pay structures used by two different businesses. For example, you could choose between Apple and Dell, Target and Kohl's, OR Walmart and Meijer’s. The businesses you compare should provide similar products and/or services and be in close proximity, such as the same city or state. Review articles and videos found throughout the course and/or search the Internet to find articles relating to how your two chosen organizations differ or are similar in compensation (wages and benefits). Pooling the information you found, address the questions below:

WRITTEN REQUIREMENTS:

How does motivation play in to the type of people working at both organizations?

Are organizational strategies being met by the type of employees? In other words, how is the organizational strategy working out for both businesses?

What type(s) of employee communication methods are used at both organizations and is it effective?

How are employees engaged with the organization and how satisfied do they appear to be?

What type of pay structure is used at both organizations?

What are some of the legal requirements and economic influences facing each organization that may or may not influence the pay structure?

Which organization seems to provide more incentives for employees to perform to their fullest potential?

What incentives appear to be working the best? Why?

Which organization would you prefer to work for and why?

If you were a human resource manager at your chosen organization, what would you like to change about the organization and why? The paper should be 3 to 4 pages in length.

In: Operations Management

"An oil producer is trying to decide if and when it should abandon an oil field....

"An oil producer is trying to decide if and when it should abandon an oil field. For simplicity, assume the producer will abandon immediately (year 0), at the end of year 1, at the end of year 2, or stay at least through the next two years. The major uncertainty is the price of oil, which can go up or down in any year. In each year, there is a 0.37 probability the oil price will go up and a 0.63 probability the oil price will go down. The oil producer decides whether or not to abandon the oil field and then observes whether the price of oil increases or decreases in the following year. The NPV includes all the relevant costs of abandoning the oil field and producing oil and the revenue gained from producing oil. It also already incorporates the producer's MARR. After the producer makes a decision at the end of year 2, we assume there is no more uncertainty. If the producer abandons the oil field at the end of a year, the price of oil in the following years does not impact the producer's NPV.

Solve a decision tree to calculate what the oil producer should do immediately, at the end of year 1, and at the end of year 2. You should assume an expected-value decision maker.
Enter the expected NPV of the best alternative. The best alternative may have a negative expected NPV.
- If the producer decides to abandon the oil field immediately, the NPV is -$37,000
- If the producer decides to abandon at the end of year 1 and the oil price goes up, the NPV is $0
- If the producer decides to abandon at the end of year 1 and the oil price goes down, the NPV is -$47,000
- If the producer decides to abandon at the end of year 2 and the oil price goes up in years 1 and 2, the NPV is $61,000
- If the producer decides to abandon at the end of year 2 and the oil price goes up in year 1 and goes down in year 2, the NPV is $31,000
- If the producer decides to abandon at the end of year 2 and the oil price goes down in year 1 and goes up in year 2, the NPV is -$7,000
- If the producer decides to abandon at the end of year 2 and the oil price goes down in years 1 and 2, the NPV is -$85,000
- If the producer decides to not abandon the oil field and the oil price goes up in years 1 and 2, the NPV is $62,000
- If the producer decides to not abandon and the oil price goes up in year 1 and goes down in year 2, the NPV is $19,000
- If the producer decides not to abandon and the oil price goes down in year 1 and goes up in year 2, the NPV is -$21,000
- If the producer decides not to abandon and the oil price goes down in years 1 and 2, the NPV is -$98,000"

The correct answer is between -14035.0 and -13757.0

In: Operations Management

Describe what is meant by charismatic leadership and explain how it might: 1) enhance and 2)...

Describe what is meant by charismatic leadership and explain how it might: 1) enhance and 2) work against an organization’s success.

In: Operations Management

Please use IRAC format to answer the following: Pete owns six automobiles, a Ford, a Buick,...

Please use IRAC format to answer the following:

Pete owns six automobiles, a Ford, a Buick, a Chrysler, a Dodge, a Pontiac, and a Toyota, which he keeps in his garage which is attached to his house.

Dave, Pete’s friend, asked Pete if he can borrow the Ford to take his wife to the doctor. Pete agrees to let him borrow the Ford and hands Dave the key to the car.

Dave takes his wife to the doctor in the Ford. The Doctor refuses to see Dave’s wife unless he pays his past due bill. Dave has no money but agrees to give the Doctor the Ford. Dave forges the pink slip for the car and gives the keys, the pink slip, and the registration to the Doctor.

What criminal charge is Dave most likely to face? Discuss any defenses.

In: Operations Management

Discuss why this change management model was chosen b. Examine the reasons for resistance to change...

Discuss why this change management model was chosen

b. Examine the reasons for resistance to change and suggest appropriate strategies to reduce resistance

c. Discuss the role that systems thinking and communication plays in the organisational change process.

d. Evaluate how an organization should respond to change in turbulent times (using Covid 19 as an example)

In: Operations Management

You are working on a new account a bottled tea name Leafs Alive that uses healthy...

You are working on a new account a bottled tea name Leafs Alive that uses healthy antioxidant formulation. The sale of bottled tea, as well as healthy products, is surging. Analyze your market using the following question:

What cultural, social, psychological, and behavioral factors influence this market?

In: Operations Management

How to do BCG model for the following problem? You are the CEO of a firm...

How to do BCG model for the following problem?

You are the CEO of a firm with five distinct SBU/LOBs. It is your responsibility to decide how to manage them. Develop a model using the following intelligence, and then briefly comment on what you would do with each SBU/LOB.

The GNP is growing at 8%.

SBU/LOB A. This is your newest product line and it was just introduced. You anticipate significant competition from the bigger existing competitors but there is still plenty of room to grow in the industry, even faster than the GNP . Its contribution to the corporate portfolio is 5%.

SBU/LOB B. This product is in the decline stage of its life cycle and your competition have already exited because of lack of growth in the industry. Contribution is 5%.

SBU/LOB C. This is an established product with 25% market share. Your competitors have 50%, 20% and 5% respectively. There is almost no industry growth and contribution is 65%.

SBU/LOB D. You are the market leader in an industry. growing at 5%. Its contribution is 15%.

SBU/LOB E. You were the first to introduce this product so now you are the biggest guy on the block. Because of the potentially unlimited value of this great product this industry is growing at 20% and its contribution is 10%.

In: Operations Management

Discuss Global Promotion Strategies and how they differ between countries. What options do companies have in...

Discuss Global Promotion Strategies and how they differ between countries. What options do companies have in promoting their products?

In: Operations Management

Assignment Objectives & Requirements: 1.To create a new E-commerce business, which is located in the Kingdom...

Assignment Objectives & Requirements:

1.To create a new E-commerce business, which is located in the Kingdom of Saudi Arabia,which include the followings:

a.Introduction about your business.

b.Product and type of services.

c.Business statement.

d.Business vision.

e.Business objective.

2.To explain your business E-commerce processes.

3.To apply a SWOT analysis to your business.

4.Building the E-commerce website.

a.How it will look likes in terms of design and format (draft).

5.Student is required to explain its E-commerce system functionality, such as:

a.The product menu will show all the product we have in stoke.

b.Thecontact button will have all the company contact details, social media links Facebook, Instagram, etc.

6.System design (Picture attachment).

7.Determine the suitable software and hardware needed with an explanation on why it’s needed.

a.What type of functionality needed in your website, such as CRM?

b.What type of hardware needed? Do you need a server or it will be in the cloud?

8.Identifying security issues as well as how to avoid it.

a.What type of security? To whom or to what?

b.Potential threats to your website?

c.Recommendation.

9.Categorize marketing and advertising strategy and method.

a.Demographic.

b.Marketing method.

c.Social media.

d.Local marketing.

e.Multichannel marketing.

10.Describe what are the ethics and laws within your E-commerce Website.

11.Conclude your report.

In: Operations Management

What challenges do marketers face in Global Branding decisions? Provide two examples of companies that successfully...

What challenges do marketers face in Global Branding decisions? Provide two examples of companies that successfully selected Brand names.

In: Operations Management

Impact on Positioning This activity outlines two situations in regards to the potential impact on the...

Impact on Positioning

This activity outlines two situations in regards to the potential impact on the firm’s positioning due to their distribution channel selection. Your task in this activity is to answer the assessment questions at the end regarding each situation.

ACTIVITY/TASK

Increasing Sales of Jeans

The manufacturer of a well-known brand of jeans has determined that its selective distribution strategy is limiting their sales potential. Their product range mainly consists of higher quality, strongly branded jeans that are sold through more up-market specialist clothing and jeans stores. To help increase sales, they decided to expand their distribution mix and adopt a more intensive approach. As a result, they started to sell their jeans to discount stores.

The change in strategy proved successful in generating additional sales, but at a much lower margin. As a result, there was no real change in overall profitability. They were also concerned with the impact that their new distribution mix was having on their brand integrity. After a period of just 12 months, they decided that expanding their channels was probably not a good idea, and reverted back to using their traditional channels only.

Questions

1.1. What were the main reasons that the firm reversed their decision and returned totheir initial channel mix?

1.2. Do you agree with their decision?

New Time – Same Channel

For many years, a number of Swiss watch manufacturers dominated the watch markets throughout the world. Their standard marketing mix was a range of good quality, well-designed watches that were primarily sold through jewelry stores at premium prices.

However, the emergence of cheap digital technology severely cut into their marketing success. Today, a key part of the watch market belongs to low-priced ($10 or less), unbranded digital watches (which can even be bought at convenience stores).

As a competitive response, a number of these Swiss watch manufacturers decided to introduce their own range of cheap digital watches. To protect their brand name, they produced these new products under a new brand name. And to be able to distribute cheaply, they decided that they would utilize their traditional jewelry store distribution channel.

QUESTION

2.1 -  do you agree with their choice of channel for their new watches? Why?

2.2 - Do you think that most of their existing jewelry stores will be willing to stick and sell these new watches?

2.3 What other channels (retailers) should they also consider?

In: Operations Management

What are different types of retails and the wholesalers? Discuss in detail in your own word...

What are different types of retails and the wholesalers? Discuss in detail in your own word ( No copy paste from any website or book )

In: Operations Management

What are different types of retails and the wholesalers? Discuss in details Kindly write the answer...

What are different types of retails and the wholesalers? Discuss in details

Kindly write the answer in MS words.

In: Operations Management