You were recently hired by a company that is interested in your knowledge of management. Your...

You were recently hired by a company that is interested in your knowledge of management. Your supervisor, like you, is new to the job and needs your help understanding the difference between a chase strategy and a level strategy in sales and operations planning. In your own words, explain the answer to your supervisor

5 sentences

Expert Solution

In sales and operations planning, Chase strategy is undertaken to ensure that the aggregate plan is maintained. However, this plan should go along with a stable rate of production, coupled with that of a steady employment level. In this regard, the forecasting of the customers demand for sales of good shall enable the Firm to either increase or decrease the production of goods accordingly to best cater to them. It needs to maintain a steady workforce and also a constant level of output even in the state where the demand is relatively lower while when the demand increases, the same level of employment and production rate needs to be maintained while letting the inventory surplus take care of the excess demand.

On the other side, in Chase strategy, there is time on time matching done between demand in the market that could influence the sales and that of the overall capacity of the Plant. As a result, there could be significant recruiting of workers or termination of the same to match the demand and capacity process and also rise in the inventory carrying costs. This could in turn result to unionization of workers and lack of optimal utilization of the plant. However, it may also call for more flexibility in the system wherein there could be a facilitation of the inventory to be maintained even at a lower level, if desired for thereby letting the Firm relatively more amount of savings.

keosha answered 1 year ago

You were recently hired to work in the controller’s office of the Balboa Lumber Company. Your...

You were recently hired to work in the controller’s office of the Balboa Lumber Company. Your boss, Alfred Eagleton, took you to lunch during your first week and asked a favor. “Things have been a little slow lately, and we need to borrow a little cash to tide us over. Our inventory has been building up and the CFO wants to pledge the inventory as collateral for a short-term loan. But I have a better idea.” Mr. Eagleton went on...

You were recently hired as Management Director of the new I can Business Incorporated (ICBI). You...

You were recently hired as Management Director of the new I can Business Incorporated (ICBI). You have been asked to establish policeis and systems for the business. The first one you choose to work on is a financial reporting system. For this assignment, you must develop a 4-5 page memo that you will deliver to the ICBI Board of Directors. You will describe what a financial reporting system is and explain how the management team at ICBI should use an...

Scenario: You were recently hired as comptroller for a division in a prominent manufacturing company. You...

Scenario: You were recently hired as comptroller for a division in a prominent manufacturing company. You have been asked to calculate the predetermined overhead rate for your division to use in the upcoming year. It is important that the rate be accurate because any resulting over-applied or under-applied overhead is closed out to Cost of Goods Sold at the end of the year. The allocation base for your division is machine hours. You began by estimating the total manufacturing overhead...

You were recently hired by a firm as a project analyst.

You were recently hired by a firm as a project analyst. The owner of the firm is unfamiliar with financial analysis and wants to know only what the expected dollar return is per dollar spent on a given project. Which financial method of analysis will provide the information that the owner requests? a. Internal rate of return b. Modified internal rate of return c. Net present value d. Profitability index e. Payback

Assume that you were recently hired at Lilo Plc as a junior accountant and were asked...

Assume that you were recently hired at Lilo Plc as a junior accountant and were asked to help prepare the financial reports for the year ended 31 December 2019. In addition, the head of the accounting department wanted to assess your knowledge about the financial statements, hence, requested you to prepare a report. The company’s trial balance is shown below, together with the guide on the format and content of the report: Debit (£) Credit (£) Sales 72,813 Purchases 35,108...

After receiving your bachelor’s degree in personnel management, you were hired by a small but expanding...

After receiving your bachelor’s degree in personnel management, you were hired by a small but expanding life insurance company. Your first assignment is to develop a more efficient technique for the preliminary screening of applicants for sales positions. Since the firm employs only college graduates, you decide to work with information focusing on their performance during college. A random sample of 25 from the firm’s current sales force is selected and the following information is obtained: Last year’s performance evaluation...

subject : Knowledge management 1. What is your understanding of the term Knowledge and Knowledge Management?...

subject : Knowledge management 1. What is your understanding of the term Knowledge and Knowledge Management? 2. What lessons can we learn from history to improve the quality of knowledge management within organizations? Word Limit: 250-300 Words

You have been recently hired by a multinational firm that manufactures airplanes parts. They are interested...

You have been recently hired by a multinational firm that manufactures airplanes parts. They are interested in investing in a new factory. However, the CEO is unsure of where they should invest. The CEO would like to either invest in a developed or a developing country and your input is valuable to his decision. Your focus will be on providing specific information on both a developed and developing country, providing that both countries have data for the last 20 years....

Question 3 You were recently hired by Champion Trading Pte Ltd (“CT”), a company which is...

Question 3 You were recently hired by Champion Trading Pte Ltd (“CT”), a company which is based in Singapore and well-known in the trading business. Although your office is in Singapore, your responsibilities include business development initiatives in China. On your first day of work, John (the Head of Department) told you that job titles and the level of seniority are very important aspects in China. Hence, the job title of “General Manager” is assigned to you, so as to...

WORKING CAPITAL MANAGEMENT You have recently been hired to work in your company’s newly established treasury...

WORKING CAPITAL MANAGEMENT You have recently been hired to work in your company’s newly established treasury department. The company is a small company that produces cardboard boxes in a variety of sizes for different purchases. The owner of the company, works primarily in the sales and production areas of the company. Currently, the company puts all receivables in one shoe box and all payables in another. Because of the disorganized system, the finance area needs work – and that’s what...

Question