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The concept of functional and innovative products proposed by Marshal Fisher shows that the supply chain strategy of functional products should focus on cost reduction, while innovative products’ supply chains emphasize on the responsive time. Intuitively, functional products should use outsource to take the benefit of the low production cost in oversea, but innovative products should keep control within their own hands. But in reality we see totally different scenarios. For companies like Coca Cola and P&G, they still keep all production within their own hand, while for most computer and electronic companies, outsourcing is widely used. How could you explain this conflict?
This approach has a fixed cost of $75,000 and variablecost probabilities of .9 of $.40 and .1 of $.35. What is the best decision based on an expected monetary value (EMV) criterion?
A quality manager is developing a regression model to predict the total number of defects as a function of the day of week the item is produced. Production runs are done 10 hours a day, 7 days a week. The dependent variable is __
Professional development through real-life applications and use of spreadsheet modelling and research methodology and practice.
How does Lou Doug’s define and communicating brand? What role has social media played in his marketing. Share how you can use social media to communicate with your community to build you business and brand. Do you agree or disagree?
A distributor of prewashed shredded lettuce is opening a new plant and considering whether to use a mechanized process or a manual process to prepare the product. The manual process will have a fixed cost of $43,400 per month and a variable cost of $..
Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates 52 weeks per year. The cost of processing an order is $15 and the cost of holding one box for a year is 15 percent of the ..
A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $8,152 per month and variable costs of $1.86 per unit produced. Each item..
What should be the main objectives for a multinational firm with regard to its compensation policies? If an expat was making $75,000 a year in the US, what would be the difference in compensation for a similar position overseas? Use the country, Indi..
Identify an organization that successfully implemented strategic HRM initiatives. Present the initiatives and discuss the business strategies achieved as a result of the initiatives.
What particular elements of each organization's culture, processes, and management systems and styles work well to support innovation
On the television show Threshold, there are people who monitor all of the police reports from all over the United States looking for patterns within the data that may indicate alien activity. These computer people are engaged in:
In this unit's studies, you have examined many principles of high-performance work systems. For this discussion, answer the following questions:
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