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The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves is the Western, which has an annual demand of 30,720 units. The price of each valve is $96, the inventory carrying cost is $2, and the ordering cost is $120 per order.
What is the optimal number of days between any two consecutive orders assuming 320 working days? Specify as a whole number by rounding the final calculation. Do not round the constituent calculations.
What is the importance of teamwork in an organization? In your paper explain how would hire, manage, compensate and motivate teams working under your leadership.
Alternative One reduces wasted motion (walking) to 1% of total labor used on the assembly line. Physical lifting is reduced to no more then 12 pounds. Six people will be required on the assembly line. Productivity in finished goods per 8-hour shif..
What is meant by the term criterion as it is used in personnel selection? Give some examples of criteria used jobs with which you are familiar.
A furniture company manufacture desk and chairs. . Given that the profit per chair is $50 and that of the desk is $100, determine the optimal production mix for the company.
Describe the potential strategies that are revealed by aligning Henkel's internal strengths and weaknesses with existing opportunities and threats in the external environment.
A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process, to repetitive manufacture.
What are some management characteristics that might help a company maintain competitive advantage through information technology? When answering these questions, keep in mind that the three traditional ways companies differentiate themselves
Find the schedule and cost variances for a project that has an actual cost at month 22 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000.
Madden Industries manufactures three models of a product in a single plant with two departments cutting and assembly. The company has estimated costs for each of the three product models the zip, the flash and the royal models.
What is the probability of having 3 or more units in the system? What is wrong with Johnny Three Toes strategy?
Acting as supervisor for a company of your choice, draft two examples of formal company e-mails to employees.
What types of decisions common to manufacturing firms does Amazon make? What types of decisions common to service firms?
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