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How does the transformation process apply to the field of construction management, and how you might apply the basic concepts?
Define both strategic plan and operational plan in terms of "breadth,""time frame," and "specificity." What level of management is more apt to do each type of plan?
Illustrate what do you think are risks involved (to HR and organization as a whole) if HR does not make this a priority and instead remain a purely task-oriented department mostly administrative in nature.
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country.
ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost.
Assume labour is paid $200 a week and the cost of machine time is $100 per week. If the firm wants to produce 1225 units of output, explain how many machines and labour must be employed.
(a) Compute MAPE for management's technique, (b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?, (c) Which forecast do you recommend, based on lower forecast error?
Illustrate what is standard deviation of above/below median runs. Illustrate what can analyst conclude given this information.
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts?
What are the pros and cons of doing business in China? Why America outsource so much? Summarize doing business in China.
Show calculations and provide rationale for each strategy.
Describe two or three steps which Richard also Renee could take to avoid these stumbling blocks also guide their new business to success.
Shirtstop makes T-shirts with logos and sells them in its chain of retail stores. It contracts with 2 different plants - one in Puerto Rico and one in the Bahamas.
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