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Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following: Identify the factors that would impact the demand for the product that you have selected.
If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting method would be appropriate.
Identify the variables for which you would need values to be able to calculate an actual forecast for a future month (using the forecasting method you selected).
Create an equation that you believe would accurately predict the demand for this product in a future month and solve the equation to derive a forecast for this product in the future month that you had selected.
Computes the multifactor productivity measure for every of the weeks shown for production of chocolate bars. Elucidate what does the productivity figure suggest. Suppose 40hour weeks also an hourly wage of R12.
You described the importance of the 5C's and of these, customer focus as one that is very important to a company. However, the customer is not always the end user,
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.
Illustrate what is the optimal total ordering cost per year vs. illustrate what is which cost with the current policy. Explain how would you Conclude whether the Store management should continue with this policy or not.
Illustrate what is optimal order quantity. Illustrate what is annual holding cost. Illustrate what is annual ordering (setup) cost. Illustrate what are annual costs of silverware itself with an optimal order quantity.
The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day. Optimal production run quantity
Cite industry examples for at least two of the six Supply Chain strategies introduced in class and a brief description is expected for each example.
As we become increasingly mobile as a population, geographical differences become more visible. Explain how do you see this trend affecting your organizational culture.
If committee wants to declare a dividend, directors say officers can pay it immediately before next board meeting. Is this permissible delegation of corporate authority.
An airplane flew for 4.23 hours with a 25.5-km/hr tail wind. The return flight against the same wind took 4.97 hours. Find out the speed of the plane in still air.
Assuming marginal cost of managing an additional supplier is $15,000 per year how many suppliers should Witt use? Assume there are up to (3) nearly identical suppliers nearby.
Illustrate what lead time in weeks in need to respond to a customer order for product A, assuming no existing inventories or scheduled receipts.
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