Consideration the quality of the different components

Assignment Help Business Management

Reference no: EM13856243

As a small business owner, the buck stops with you on what price to charge for your products, what inventory levels to carry, how much of a product to order, what products to carry, and a thousand other decisions. If you are manufacturing a product, you have to consider various vendors and take into consideration the quality of the different components they supply.

What types of analysis can be done to help with some of these decisions? For example, economic order quantity (EOQ) is one way to determine the optimal quanitty to order for each product in order to minimize ordering and holding costs. Discuss three other types of analysis a small business owner do that can help with decision making on the operations side?

Reference no: EM13856243

Questions Cloud

What is biofield treatment : What is biofield treatment? Define its treatment aproach with full experimental conditions?

Amoxil 125 mg/ 2 ml comes in a 50 ml bottle : Amoxil 125 mg/ 2 mL comes in a 50 mL bottle (when reconstituted) 1. If the patient is to receive 250 mg, what will the dose be in mL? 2. How many teaspoon(s) is (are) equivalent to 250 mg?

Describe the concept of systems dynamics : Write a paper (2 pages) in which you describe the concept of systems dynamics and its relationship to global operations and the supply chain.

Topics may include general issues such as poverty : Topics may include general issues such as poverty, crime, homelessness, economic development, homeland security, corporate social responsibility, ecological/environmental projects, etc. or a specific issue in your city, community, local, state, or fe..

Consideration the quality of the different components : As a small business owner, the buck stops with you on what price to charge for your products, what inventory levels to carry, how much of a product to order, what products to carry, and a thousand other decisions. If you are manufacturing a product..

What is the significance of eternal youth in this story : What is the significance of "eternal youth" in this story? Is it a gift or a curse? You may wish to consider how Abby is similar to other "young" vampires, like Carmilla in the novellaCarmilla, the vampires in The Lost Boys,or Claudia in Interview..

Determine the optimum level of stockholding for the company : Discuss what you consider to be the most important factors determining the optimum level of stockholding for the company.

Do an economic analysis of coke and pepsi : Do an economic analysis of two giant competitor brands, Coke and Pepsi, in the context of them being rivals in the "Twenty-First Century" and use all the knowledge you have gathered over the last several weeks.

Write a java program that simulate a number of stopwatches : Write a JAVA program that would simulate a number of stopwatches (e.g. 4 stopwatches) times using the concept of Multithreading. The time of stopwatches increase on their own. Moreover, a stopwatch's time can be increased and decreased using speci..

User Account

All Pages