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Kay and Michael Passe publish "What's Happening? -- a biweekly newspaper to publicize local events. What's Happening? has few subscribers; it typically is sold at checkout stands. Much of the revenue comes from advertisers of garage sales and supermarket specials. In an effort to reduce costs associated with printing too many papers or delivering them to the wrong location, Michael implemented a computerized system to collect sales data. Sales-counter scanners accurately record sales data for each location. Since the system was implemented, total sales volume has steadily declined. Selling advertising space and maintaining shelf space at supermarkets are getting more difficult.
Reduced revenue makes controlling costs all the more important. For each issue, Michael carefully makes a forecast based on sales data collected at each location. Then he orders papers to be printed and distributed in quantities matching the forecast. Michael's forecast reflects a downward trend, which is actually present in the sales data. Now only a few papers are left over at only a few locations. Although the sales forecasts accurately predict the actual sales at most locations, What's Happening? is spiraling toward oblivion. Kay suspects that Michael is doing something wrong in preparing the forecast but can find no mathematical errors. Tell her what is happening.
Even though you are the project manager and one ultimately responsible for planning and implementing the project plan-Draft a memo outlining your ideas how two of following team members could integrate risk management in their jobs:
Describe how much of every type of sugar will be purchased. Describe how would your answer change if the price of store-brand sugar was $2 per pound also the price of producer-brand sugar was $1 per pound.
Depended on the Hersey-Blanchard theory, should Terrill have been less participative. Should he have initiated more task structure for the engineers. Illustrate what leadership approach would you have taken in this situation.
Research several issues of business magazines such as Fortune, Business Week, Fast Organization, etc. also find examples of two companies that are using approaches to busting bureaucracy. Discuss the techniques these companies are applying.
how many pounds of each chemical ingredient to put into a bag of fertilizer to meet minimum requirements of 20 ounces of nitrogen, 36 ounces of phosphate also 2 ounces of potassium while minimizing cost.
An innovative restaurateur owns also operates neither a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. Illustrate what is your forecast of profit for a store with sales of $40 million? $50 million.
Holding costs are $2 per item per year and ordering costs are $30 per order. Illustrate what percentage of time will the facility be producing components.
The existing method involved assembles taking individual springs from a box containing several hundred also then placing two of them behind an ON button also two more behind an OFF button. Illustrate what was the poka-yoke shin go created.
This is a long term strategic decision in which factors might change in the next 10 t0 20 yrs. Elucidate how will this influence the decision.
As part of an insurance business's training program, participants learn explain how to conduct an analysis of clients' insurability. Which of participants would you judge to be capable.
Suppose you were manager of a restaurant and you were told h1stly that a couple eating dinner had just seen a mouse. Illustrate what would you say to them. Explain how would you recover from this service crisis.
Assessment : - Operations and Information Systems, critically analyse the theory, concepts and models of operations and information management; Demonstrate an understanding of the importance of information management in international operations;
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