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The injection moulding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 65 gallons, which provides a stock out risk of 9 percent. What amount of safety stock would provide a stock out risk of 3 percent? Assume normality.
Explain the process of the procurement of raw material and components. Managing the procurement of raw material and components into the production process of an organisation ca
Identify the leadership styels of freed Hammond and May Allison. Apply several of the leadership models to the case, such as the contingency model and the Hersey Balanced situation
What are the benefits and disadvantages of free international trade for the United States? Examples would be helpful also.
1. Reflecting on McGroddy's comments - what are the implications for the operations manager? Answer: The point to note here is that organisations resist change. It suggests that
What is Customer Relationship Management? Describe the four-step framework for one-to-one marketing that can be adapted to CUSTOMER RELATIONSHIP MANAGEMENT marketing?
A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The ca
How to write point rating method for assignment
Messages are transmitted from low speed terminals and arrive at a message concentrator at a Poisson rate of 600/hr. They are held in a buffer until a hi-speed trunk line is free to
ind a scholarly journal article reporting on one or more of the following techniques: business analytics, dashboards, decision support systems, predictive analytics, or supply chai
Q All of the following are responsibilities of operations managers except Question options: 1) acquiring financial resources 2) managing inventories 3) planning production 4) sched
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