Q1:A level production strategy relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand pattern. Describe why or why not a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique. (150-250 words)
Q2: Review the various Lean production and Six Sigma quality tools outlined in Chapter 8. Select a tool or process that could be implemented in your current or past organization and describe how this tool could be used in improving supply chain management. (150-250 words)
Wisner, J.D., Tan, K.-C., & Leong, G. (2012). Principles of Supply Chain Management (3rd ed.). Mason, OH: South-Western Cengage Learning.
Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories: â¢Variable â¢Fixed â¢Mixed â¢Step
Would your company be more likely to benefit from using a manufacturing cost hierarchy or a customer cost hierarchy for determining cost drivers? Explain your answer and identify one cost for each of the four cost hierarchy categories. Present findings in manner that could be shared with class.
Quiz 1 – Please attach in a Word document your response. In the first 3 modules, we discussed the fraud triangle, then the roles and responsibilities of those involved in fraud. An important part of fraud detection and deterrence is the work of auditors. Research the following types of auditors.
A) Describe what their main function(s) are.
B) Provide detailed samples of the type of work they perform.
C) Identify the law or requirements that make their work mandatory.
Gerad wants to borrow 20,000 from a bank to start a landscaping business. He has always maintained timely repayments on his personal loan, two car loans and 3 credit cards. With an after tax income of 45,000, total savings of 4000 and monthy expenses averaging 1600 will gerads loan be approve? explain?
This project is intended to provide current material for class discussion and review. This material must relate to your Course Project subject. To receive full credit for this requirement, submit the In the News during Week 5. The project may draw on items from the online environmentânewspapers, magazines, and websitesâto provide current (i.e., within the last year) examples of course-related topics (i.e., business strategy from this week’s reading assignment). Relevance and probable interest to the class are especially welcome. These items should be accompanied by a one- to two-page report (using bullet points). Be sure to use specific course concepts from the readings in Chapters 5, 6, 8, 9, or 10. Examples are: Competitive Advantage-Porterâs Generic Strategies (page 162), The Experience Curve (page 165), Industry Life Cycle Stages (pages 187â189), Turnaround Strategies (pages 193â195), Vertical Integration (pages 210â214), Portf
1. Basic Excel Operation: Create an Excel spreadsheet that can be used to calculate your grade in this class. The spreadsheet should include the weights of each graded assignment, your grade in each assignment, and your final grade. To use this for your benefit you may want to design it so that it can be used to calculate your interim grade before you have all the grades. Use a new sheet called “Grade Calculator” in the same Excel file that you are submitting for this assignment. After this week you will receive the solution from your professor and you will be able to use your solution or our solution for future classes. 2. Frequency Distribution According to Zillow.com, here is a list of the prices of the property sold (in thousands) in Washington, DC June 29 â 30, 2016. Use Excelâs capability (=FREQUENCY()) to create a frequency distribution using 5 bins. $316 $265 $299 $469 $240 $
Assume that you bought a stock three months ago for $35 per share and that the stock paid no dividends during this period. The current share price of the stock is $38.60 per share. What is the APR and the EAR of your stock investment?
Corn Products, Corp. ended the year 2008 with an average collection period of 37 days. The firm’s credit sales for 2008 were $10.2 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)
An order to gain additional information about respondents, some marketing researchers have used ultraviolet ink to precode questionnaires that promise confidentiality to respondents. Of 194 randomly selected marketing researchers who participated in an actual survey, 107 said that they disapprove of this practice. Suppose that, before the survey was taken, a marketing manager claimed that at least 54 percent of all marketing researchers would disapprove of the practice.
(a) Assuming that the manager’s claim is correct, calculate the probability that 107 or fewer of 194 randomly selected marketing researchers would disapprove of the practice. Use the normal approximation to the binomial. (Round z value to 2 decimal places. Round your answer to 5 decimal places.)