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Supply chain management is one of the most important factors in the industry in which I work, bio-pharmaceutical manufacturing. For each manufacturing run, the bill of materials (BOM) can be thousands of items long which all need to be tracked from: receipt from manufacturer, quarantine, quality testing, release, issuance to the manufacturing suites, use in manufacturing, and generation of the final product. Integration of systems such as SAP into supply chain management are important in saving time and money by allowing quality, materials management, and manufacturing personnel to quickly check stock and ensure that only released materials are going into manufacturing suites for use. This ensures that the organization stays compliant with title 21 of the code of federal regulations, maintains good manufacturing practices, and provides quality materials that could end up going into humans. Errors in supply chain management can halt manufacturing and end in the loss of millions of dollars in wasted product at best and at worst cause tainted product being put into humans.
In Plato’s virtuous state composed of virtuous citizens, he argues that it must allow for _____ & thus is neither elitist nor totalitarian (i.e., dictatorial). Virtue ethical theories are teleological because they are based on natural ___________.
Explain the relationship between scarcity, choice and opportunity cost. A well-structured answer will include:
A researcher found that when the capital gains tax rate declined, the average bequest size fell as well. How does the tax treatment of capital gains in the United States explain this relationship?
What are the differences between the Federal Reserve and a National Bank (specifically, with regard to their intervention policies and powers for acting within the economy)?
A monopolist has two sets of consumers. The demand for one set can be described by Q1 = 5 ? p. For the other set, the demand is Q2 = 10 ? p. The monopolist faces constant marginal cost of 2. Derive the monopolist’s total demand if the two markets are..
On top of rising energy prices, a severe drought, bad harvests, and a poor monsoon season in Asia have sent grain prices soaring. Glbally, this is the third major food price stock in five yeares. Source:The Telegraph, August 29, 2012
Bridge & Co. has to make a loan payment of $3937 at the end of each year for 24 years. In present day dollars, how much will Bridge & Co. pay in total for the loan? Assume an interest rate of 2% compounded annually.
Truckco manufactures two types of trucks; the T1 and the T2. Each truck must go through the painting shop and the assembly shop. If the painting shop were completely devoted to the T1, 800 trucks could be painted in a day. The T1 contributes $300 in ..
Automobile industry is oligopolistic in which few automobile companies control significant percentage of the total market share. Do a little research and cite some data regarding the top ten automobile companies and their combined market share in the..
Discuss the relationships between total cost, output, and the price of labor and capital. Provide examples that illustrate how the prices of inputs affect managerial decisions. Consider, in particular, the current market for fuel and its implication ..
Calculate the following: quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.
determine the breakeven output and total sales revenues. determine the output that would generate a total profit of $60,000 and the total sales revenues at the output level (Do not draw chart)
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