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Regarding the post below assess the type of risk they are proposing in order to meet customer demand? Explain how you might alter their approach and why.
Based on the information provided management should prepare for the estimated demand at the lowest point of the product season. When sales are low and complete inventory is accounted for a more accurate business decision can be made about the amount of additional widget inventory can be added. One key thing that should be considered when preparing for the demand is the differences between the old and new product. For example, when it comes to new and improved cell phone models it can be a year or more before the newest model is released, however many customers compare features to determine if it’s worth giving up the old product for the new while others will simply trade in the old to have the new. Another thought to consider is storage and what will be done with the excess product after the peak season.
Regardless of how well a team works together, at some point issues will arise, whether in trying to decide on a solution, recognizing that there is a problem, or in implementing a change. Based on this, why should problem-solving teams use structured..
Suppose that a firm is considering opening a plant in China, and the current exchange rate is 5.25 Chinese Yuan (CNY) per dollar. Also, the Chinese wage rate is 6.3 CNY per hour. Suppose further that U.S. workers can produce 4 units per hour, while w..
USA Company’s current switch design is composed of two components, A and B, in series. The company wants to upgrade the reliability of the switch. As one option, the company is considering the switch option shown below. The reliability of A is 0.9, a..
Read through the Tree Trimming Project case. This case refers to the earned value (EV) of the owner, Will Fence's Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in the case, is Will using EV
for a given inventory item the appropriate risk of a stockout has been determined to be 12. demand for this item
Describe the four steps in the training process. In your view, how important has the training process been at organizations you have worked (if you have not worked, then please explain the importance of the training process from an outsiders perspect..
Based on the first suspect’s interview regarding the battery incident and understanding the trends in crime from your lesson, determine how the suspect fits the trends that have been observed. Identify any ways that the suspect does not fit those tre..
Jake’s Beer, Bait, & Tackle Co. is a small chain of fishing tackle stores in northern Minnesota. In 2009, the company’s revenue was $4,300,000 and its cost of goods sold was $3,200,000. Jake keeps only 5.5 days-of-supply of inventory on average becau..
Describe a technological innovation not discussed in chapter 9, and identify where you think it lies on the control continuum between wholly proprietary and wholly open. The book is strategic management of technological innovation
Apply the four frames organizations to a possible project that involves the development of social media. Write a short paper that summarizes your analysis and opinions of how working virtually helped your result. Structural Frame: the role of adverti..
Define the type of organizational structure you’ve chosen to investigate and briefly describe its pros and cons. Find an article (in the library or on the Internet) about a company that is structured this way. Chose a company that has sufficient info..
Construct a time series plot. What type of pattern exists in the data? Discuss some of the factors that may have resulted in the pattern exhibited in the time series plot for this time series.
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