Calculate your decisions concerning inventory management

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Reference no: EM1384567

Q. 1. Explain how you utilized budgets and pro-forma statements to ensure adequacy of funds for providing the production capacity you needed to achieve your business goals.

2. Explain how you employed each of the following strategies to improve operating efficiency in your manufacturing facility:

a. Just-in-time

b. Lean operations

3. Compute the applicability of work cells to the type of manufacturing facility comprised in the simulation.

4. Calculate your decisions concerning inventory management (e.g., did you have inventory when you needed it without incurring unnecessary inventory carrying costs?).

5. Explain how you could meet the need for a continuous improvement program to achieve quality assurance goals.

Reference no: EM1384567

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