Recommend two feedback control actions

Assignment Help Finance Basics
Reference no: EM132741023

COVID-19 had hit Hong Kong for one to two weeks, then it became obvious that Hong Kong would face a shortage of surgical face masks. Mr. Wong, the CEO of Helpful Company (HC), wanted to import some masks and then sold them to Hong Kong citizens at a reasonable price. He told the purchasing manager that he was very concerned about the quality of the masks.

(a) Suppose Mr. Wong worried about the input stage of the sourcing process, based on the case situation recommend to him TWO actions he could adopt to guarantee the quality of the masks.

(b) Explain TWO concurrent control actions that Mr. Wong could take to control the mask production process.

(c) Recommend TWO feedback control actions to Mr. Wong if the quality of the mask received by HC were NOT up to standard.

(d) Suppose Mr. Wong wanted to give a performance-based bonus to the purchasing manager; state and briefly explain TWO criteria of performance measurement could he use in measuring the performance of the purchasing manager in this case.

Reference no: EM132741023

Questions Cloud

Global strategic management-discussion board : Starbucks has certainly maintained a competitive advantage within the coffee industry. Relating this example to either your current or past employer
How is a balanced scorecard misused in healthcare : What is the effectiveness of using balanced scorecard in healthcare? How is a balanced scorecard misused in healthcare?
Is there new competition coming from global markets : What are the most significant growth "inhibitors" that amazon company is facing today?
Identify leadership behaviour displayed by sales manager : Illustrate with relevant example from the case Linda's leadership style according to University of Iowa Studies.
Recommend two feedback control actions : Suppose Mr. Wong worried about the input stage of the sourcing process, based on the case situation recommend to him TWO actions he could adopt
How technological advancements during lifetime : Research and describe how technological advancements during your lifetime have changed how the industry or field operates.
Debate on the purpose of corporations : Assess how these concepts are interrelated and why they are important in the debate on the purpose of corporations
Addressing performance issues in the organisation : What options might be applied when addressing performance issues in the organisation?
How can concepts learned in course principles of management : How can the concepts learned in this course Principles of Management help you be successful in your personal life and professional life? Be specific.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd