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

  How much are you willing to invest today

If you were offered an investment that will pay you $10,000 every year forever, and you require an 8% return on investments with the same levels of risk, how much are you willing to invest today?

  Your grandparents make their deposit

Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually.

  What is its average collection? period

a. If? Brenmar's accounts receivable equal $562,100?, what is its average collection? period? b. If Brenmar reduces its average collection period to 15 days

  Determine effective annual rate

First Choice Bank charges 9 percent APR compounded quarterly on its business loans. National Emerald Bank charges 3 percent APR compounded monthly.

  How can you obtain the money needed to begin investing

In today's world where consumers are bombarded with advertisements to buy "everything," what specific steps can you take to spend less, save more.

  What is the sustainable growth rate

Last year Lakesha's Lounge Furniture Corporation had an ROE of 18.0 percent and a dividend payout ratio of 23 percent. What is the sustainable growth rate?

  What are the four of positions in a hotel

What are the four of positions in a hotel? How does ADA impact the hotel industry?

  What is the present value of tom settlement

Assuming a 4 percent annual interest rate, what is the present value of Tom's settlement?

  Briefly describe the change from the current and prior years

Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies.

  Determine no interest on short-term notes payable

During 2016, O'Hern paid off both current liabilities that were left over from 2015, borrowed money on short-term notes payable, and accrued salaries expense.

  You can add dividend yield to expected growth rate to get

you buy a share of the ludwig corporation stock for 21.40. you expect it to pay dividends of 1.07 1.1449 and 1.2250 in

  Management and the flexibility of pension plans

In the last few decades, changes have occurred in the way companies are providing some benefits. Some noteworthy trends are in the way pensions are being management and the flexibility of pension plans. what are the trends in Benefit Plans

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