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The percentage of value of shipments that come from materials for the average manufacturer is: a. greater than or equal to 40 and less than or equal to 49 percent. b. greater than or equal to 50 and less than or equal to 59 percent. c. greater than or equal to 60 and less than or equal to 69 percent. d. greater than or equal to 70 percent. 10. Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct? a. Her forecasts will probably be 100% accurate. b. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now. c. Her demand forecasts for each style of skirt will be less accurate than her demand forecasts for all skirts. d. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Outsourcing The process of outsourcing the creation of a product or a service is a controversial, yet critical strategic decision for many employers. Describe one example from y
Sarahs house caught on fire. Sarah called her neighbour, Odessa, and asked her to help put the fire out. Sarah promised to pay Odessa, $1000. Through the prompt assistance of her n
Details what can we learned about business, ethics, and society.
Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
Compare and contrast, the three following leadership models: Vroom Model leadership, Fiedler`s Contingency Model and Hersey & Blanchard Situational Theory?
Nature of Production and Operation Management Operations management is frequently used all along with production management in literature on the subject. It is hence useful to
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
2. You have been assigned to make a long-term sourcing decision for a raw material you will purchase. There is only one supplier of this raw material. You estimate that you need 60
Your company, ABC Company, uses 100% inspection for all materials and requires zero defect quality of all its vendors. If bad parts are found, it cost $1.00 per part to inspect the
meaning of operation function in operation management
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