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The Lo Tech Co. just issued a dividend of $2.30 per share on its common stock. The company is expected to maintain a constant 7 percent growth rate in its dividends indefinitely.
Define the term productivity (a) Productivity implies more number of goods (output) from the same amount resources (input) (b) Management can play an important role in pro
Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simu
When interviewing, why is it important to try to fill in the gaps in a candidate's employment history?
illustrate how to effectively and efficiently report on the cost of a project to the different stakeholder groups • Use figures and tables to provide examples • Show calculat
Define the areas for environmental responsibility. Bennett and James areas for environmental responsibility: • Production for example, minimising waste and toxic emissions.
Exercise 2: Use of a Grid Analysis (Weighted Scoring Model) to Help Make the North American Plant Location Decision for the RX 330 This exercise illustrates how when deciding among
Assess the challenges of managers providing accurate, timely, and effective feedback to employees. Recommend how managers can overcome any two of the challenges you identified.
North West Corner Rule: Step1: The first assignment is made in the cell occupying the upper left hand ( north west ) corner of the transportation table. The maxim
You are the manager of the Gander Mountain store in Frog town, Illinois. Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of
What is Implementation of Operations and how it is being done? Implementation is the procedure of performing the planned functions. Planning processes includes estimating, routing and loading while dispatching and progressing are processes which are performed while manufacturing is going on. Former one is planning and the latter is controlling function. By combining both the things the process generated is implementation. 1. Estimating means the quantities that are estimated to be made at each workstation depending on the sales forecast, provision for buffer stock, quantities bought out, etc. It is done on the base of capacity. 2. Routing, which determines the sequence of operations and the machines for smooth working and minimum inventory?3. Scheduling refers to allocating time slots for different jobs that when job is start and when it ends. 4. Dispatching is a process concerned with real moving of the materials with tools, jigs and fixtures to specific machines along with drawings and ensuring inspections at exact nodes, so that the materials shift in the supply chain.5. Expediting is done to ensure that all is done properlyWhat are the tools used for implementation?1. GANTT charts – One of the tools which is used to record progress by comparing the actual aligned with the planned activities and keep trail of the flow of the material. 2. Line balancing and line of balance - are two tools that make sure that machining centers are loaded uniformly so as to prevent build up stocks at intermediary stages. 3. Simulation models - are used to forecast use of machines and production levels. 4. Inventory models – which makes one determine when to order, how many to order and also give us an approaching to the risks and opportunities that come up for our concern. 5. ERP software - SAP have numerous components that store, sort and analyze data and make them accessible to the staff across the earth in many plants permitting managers to modernize their operations.
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