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To be more competitive, many fast-food chains began to expand their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. Specifically,provide at least 2 different ways this expansion of menu offerings will most likely create problems for inventory management?
Every business must be prepared to deal with the global economy. True False
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Beverly Enterprises owns a nursing home that is currently earning $2.0 million in cash flow on an annual basis, but this amount is expected to drop in the future. The nursing home
Describe the similarities and differences between TQM and Six Sigma quality-management techniques.
Companies are now more and more interested in using intangible assets and human capital as a way to gain an advantage over competitors. True False
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Factors Affecting Productivity Improvement As has already been stressed, productivity improvement is not simply concerned with finding ways of making people work harder, nor
You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for
Q. What is utility of optimised production technology to manufacturing operations? Optimised production technology (OPT) optimises the employ of ‘bottleneck resources' (restric
What is ABC analysis in inventory control? Discuss its advantages/disadvantages
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