In: Economics
Question 1-What is EMI? How does EMI help a company such as Dow?
Question 2- Why should Dow access data at the points of origin, in real time?
Question 3-How should Dow gain user acceptance and scale up usage of data company-wide?
Question 4- Suggest alternative paths you would suggest for implementing EMI at Dow? Formulate recommendations to Colegrove for implementing EMI?
Question 5- In less than two pages, describe the SYNOPSIS (summary) of your group project, elaborate on the main points of your contribution(s).
ANS1:
EMI (EQUATED MONTHLY INSTALLMENT) : IT is the monthly
amount payments we make towards a loan we opted for
.
the power of real-time manufacturing analytics and dashboard at the plant level is undeniable .the value is magnified when applied across an enterprise
DOW chemical uses NWA center EMI's investigation and job explicit dashboards to change over information into the data required for guaranteed activity anyplace in the organization.
ANS 2:
two ways to access data points of the plot regularly:
1st method:
a. WITH the graph window activated, select format: plot.... menu to open plot details dialog.
b. GO to the drop lines tab.c heck skip points under the data points display control block.
2nd method:
a. GO to the source worksheet, highlight the column with source data select worksheet: REDUCE ROW MENU to open.
b. IN this dialog ,set reduce method to delete N
ROWS,then SKIP M,ROWS,DELETES ROWS TO 4 ,SKIP ROWS TO 1,OUTPUT
AS
c. CLICK on the ok button to reduce the DATA ROWS.
ANS 3:
AT DOW, we have actively pursued the application of analytics for an enterprise manufacturing environment, these deployments bring change in the way we look at data, make people defensive and reluctant or resistant to the change.
talent and human power refer not only to technical skills but also resistance to changsS. providing additional technical training is necessary, but to fully overcame this change required addressing resistance to changes many companies is anxious to implement analytics effort right away. helping reluctant people move through their resistance to adoption is critical to success.
ANS 4:
Managing a multinational firm and its supply chain requires every bit of decision. Support management can muster ,quote ARC, "EVERYONE IS DROWNING IN DATA, BUT STARVING FOR INFORMATION"
A. ANALYTICS: it is creating actionable intelligence.
B. COLLABORATION: it means to leverage collective knowledge.
C. CLOUD: Finding the most efficient way to distribute real-time information.
ACCORDING TO CHEGG GUIDELINES WE CANNOT SOLVE MORE THAN 4 MULTIPLE SUB PARTS.