. Which of the statements below, about the advantages and disadvantages of outsourcing, is correct? O An advantage is: optimal use of knowledge, equipment and experience of the external partner. A disadvantage is: an increasing dependence on suppliers. O A disadvantage is: the risk of losing essential knowledge. All of the above None of the above
Q: A popular clothing Pull & Bear makes sweater for young people. The average demand for blue sweater…
A: Given data: Weekly Demand d = 100 Weekly capacity p = 400 Set-up cost S = $351 Cost per sweater c=…
Q: Briefly explain the process of creating value stream mapping and how it can help the organization to…
A: Value stream mapping is the essential part of lean operations, the purposes of which are to maximize…
Q: Jerome and his coworkers are working on a way to combat the company's loss of market share to…
A: given, Jerome and his coworkers are working on a way to combat the company's loss of market share to…
Q: Define the process Plant layout.
A: Planned management of facilities comprises employees, operational equipment, storage space, material…
Q: What are the primary training and development methods used by firms?
A: Training and development are critical functions for any organization that wants to maintain a…
Q: The Bayside Art Gallery is considering installing a video camera security system to reduce its…
A: a) Formulastion of LP: Objective Function: z(min) =…
Q: Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…
Q: What is the major objective of quality control?
A: Quality control is the process of ensuring that a product or service meets certain standards of…
Q: One of the benefits of having one centralized warehour as opposed to multiple regional warehouses is…
A: When a retailer chooses to keep their goods at a single site or a few significant facilities…
Q: On the basis of the requirements of the end user, what are the characteristics of quality?
A: In the context of goods and services, the judgment of appropriately and properly an item or any…
Q: A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady…
A: Given data is Annual demand(D) = 32000 chips Working days = 240 Holding cost(H) = 60 cents = $0.6…
Q: How does supply-chain management encourage cooperation between buyers and sellers?
A: Supply chain management is described as a process through which demand management and supply…
Q: As a consultant, what will be your first step? 2. Moving forward, what kind of strategic action…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: 21. The Bayside Art Gallery is considering installing a video camera security system to reduce its…
A: the solution to a and b
Q: Outline any two of the reasons why the purchasing function has become increasingly important for…
A: Here, the question has presented a case of the Samsung corporate management system. For this…
Q: Why managers are concerned with timing when scheduling production?
A: Time is money. This opinion is not just a cliché. The timely production of goods and services is…
Q: Is operations management relevant to nonbusiness organizations such as colleges and hospitals? Why…
A: Operations management is a critical component of any organization, regardless of whether it is a…
Q: 2. A manager then obtained 10 lists of items with their following unit cost and gets the peso value…
A: Find the Given details below: Given details: Item Number Annual Demand Unit Cost 1 3500 360…
Q: why is there high levels of conflict in franchised systems.
A: A franchise can be stated as the type of license that permits franchisee access to the proprietary…
Q: What is meant by Design planning?
A: Design planning process is an essential part of the project. A proper design plan brings benefits to…
Q: A product line manufacturing shoes has five stations in series whose individual capacities per shift…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Bob Jones is the production manager for a furniture manufacturing company. The company produces…
A: The question is related to linear Programming and is the problem of maximization. In this profit…
Q: In the area of operations, what are some of the differences and similarities between high-contact…
A: Service operations deal with the infrastructure, processes, and activities that are associated with…
Q: mployees level of motivation is measured by their a. efficiency b. productivity c. sense of…
A: Motivation means different things to different people. It generally means the willingness to put in…
Q: What could be done to prevent the spoilage of fresh produce tomatoes due to market disruption…
A: The outbreak of the Covid-19 pandemic had a significant impact in the market for fresh produce,…
Q: f Intellectual Property.
A: These intangible assets that are held by a firm or person and safeguarded from outside use or…
Q: Rand Enterprises is considering a number of investment possibilities. Specifically, each investment…
A: Formulas Model:
Q: Laytime for discharge operations is 08 days 17 hours 20 mins. If the amount used was 06 days 12…
A: Given data is Available time = 8 days 17 hours 20 mins = 8.7218 Used time = 6 days 12 hours 56 mins…
Q: Question 4 A. Briefly explain how stress and time management can negatively affect customer…
A: Customer satisfaction is the evaluation of customers' happiness after availing a service or product.…
Q: ant messaging, it would be good if you could explain social networking, online discussion groups,…
A: Communication tools on the internet, such as social media and email, blogs, and chat rooms, may be…
Q: Jamie McCullough, owner of Leisure World, Inc., is worried about his business’ future. He has tried…
A: Jamie McCullough is a self-driven, self-motivated, and very inspired individual to make his…
Q: ! A hospital orders surgical supplies using a fixed order interval system. Suppose that just prior…
A: On hand inventory = OH = 40 Daily usage = d = 9 Standard deviation = s = 4 Lead time = L = 4 days…
Q: ABC Company purchased its inventory at a lump price of P20,000. Relative sales value for each type…
A: The Inventory when purchased at a lump sum price, then the cost of inventory will be assigned in the…
Q: List the major activities in operations management.
A: Operations management is the management in which raw materials and resources used in the production…
Q: 7. Competitive position index and calculation of the price/rent for a subject property- example 8.…
A: This index is calculated on the basis of the euro price per square meter for new and used…
Q: Why is it important to study the composition of the decision-making unit? To what extent do you…
A: Decision-making is a complex process that is influenced by many factors. One of the most important…
Q: The local driver's license center processes applications for driver's license renewals through the…
A: Time taken for Step-1 = 3 minutes per customer No. of resources = 1 receptionist Time taken for…
Q: g ment Inventor Мападен extstem
A:
Q: Examine the advantages and disadvantages of using a Work Breakdown Structure as opposed to a Product…
A: Work Breakdown Structure is used in projects to break down the whole project into small parts. It…
Q: A new start-up company is conducting a SOP meeting in order to "plan ahead" to effectively address…
A: Production net requirement: Excel model: Solution:
Q: Does the real world even have a need for something as complicated as dynamic programming?
A: Dynamic programming is the technique of optimizing the data and values. This technique is used to…
Q: Identify the critical path. (Write the letters without spaces and commas.) Determine the number of…
A: A slack value indicating the available time in each activity to adjust without affecting the project…
Q: ok The implication of efficient capital markets and a lack of superior analysts have led to the…
A: Capital markets
Q: Do small companies that manufacture just a few products need to be concerned about developing and…
A: Manufacturing management is described as the various manufacturing processes and activities that are…
Q: American executive should do to her foreign subsidiary in Bangladesh has employed a 12-year-old…
A: Child Labor is a much big problem in developing countries like Country B. There are many reasons for…
Q: 11. Hart Manufacturing makes three products. Each product requires manufacturing operations in three…
A: a) Let X1, X2, X3 be the number of products 1, 2, and 3 to be produced respectively. The objective…
Q: 1. The following diagram represents a flow network. Each edge is labeled with its capacity, the…
A: Given data in the tabulated form is shown below.
Q: What are the benefits of supply-chain management?
A: Supply chain management is one of the most important aspects of business, with one study from…
Q: Compare and contrast the project evaluation and review technique (PERT) with the critical path…
A: A project activity duration can de identified using two different methods such as Project Evaluation…
Q: Minimum project completion time = weeks
A: A project schedule network diagram shows the sequence of the task that is performed to complete a…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Why can changes within a supply chain disrupt the normal flow of goods and services within a supply chain?2 QUESTION 2 Type in five forces and identify each as Strong, Weak or Neutral. Support your analysis with statements and/or observations. Force Strong/Weak/Neutral Supporting Fact / Details Threat of substitutes Threat of new entrants Threat of existing rivals Bargaining power of suppliers Bargaining power of customers the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IUS Paragraph Arial 14px 启 Q 三= 三 三 次T Te Ω 区 田田 田用图 六()C 田 田Arnold Palmer Hospital, one of the nation’s top hospitals dedicated to serving women and children, is a large business with over 2,000 employees working in a 431-bed facility totaling 676,000 square feet in Orlando, Florida. Like many other hospitals, and other companies, Arnold Palmer Hospital had been a long-time member of a large buying group, one servicing 900 members. But the group did have a few limitations. For example, it might change suppliers for a particular product every year (based on a new lower-cost bidder) or stock only a product that was not familiar to the physicians at Arnold Palmer Hospital. The buying group was also not able to negotiate contracts with local manufacturers to secure the best pricing So in 2003, Arnold Palmer Hospital, together with seven other partner hospitals in central Florida, formed its own much smaller, but still powerful (with $200 million in annual purchases) Healthcare Purchasing Alliance (HPA) corporation. The new alliance saved the HPA…
- 13. With a fixed value stock bid, the only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. True/False and WHYquestion_answerBusiness·Operations ManagementQ... If you were faced with the proposition that a procurement strategy is irrelevant because market forces will always dictate where the balance of power is at any time, how would you explain that while market ... forces are at work a procurement strategy is essential?Q3- Suppose there is a company that does all the work manually and has a particular system in each department. After spending a period of time, they wanted to automate all the company's functions and operations, and they decided to apply the Enterprise Resource Planning (ERP) system to their organization. Why did they determine to use the Enterprise Resource Planning (ERP) system instead of manually working? Answer: Enterprise resource planning is a business suite that enables various organizations to manage the daily activities by integrating the finance, human resource, logistics, marketing, and operations functions as a single system. Enterprise resource planning systems allows various functions to communicate and exchange the information through compiling into a central database thus allowing all the employees a cross departmental visibility. The various advantages associated with the usage of ERP include, Generation of major time and financial savings through providing the…
- Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. TrueQ 10 – The intangible assets section of Ghazi Company at December 31, 2019, is presented below. Patents ($60,000 cost less $6,000 amortization) $54,000 Franchises ($48,000 cost less $19,200 amortization) 28,800 Total $82,800 The patent was acquired in January 2019 and has a useful life of 10 years. The franchise was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2020. Jan. 2 Paid $45,000 legal costs to successfully defend the patent against infringement by another company. Jan – June Developed a new product, incurring $100,000 in research costs and $68,000 in development costs prior to technological feasibility. A patent was granted for the product on July 1. Its useful life is equal to its 20-year legal life. 3 Sept. 1 Paid $58,000 to an extremely large defensive lineman to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1…Procurement Training Workshop Exercise 1 Choosing a procurement option Which option would you use for the following purchases (tick the box)? International National Competitive Tender | Shopping Direct Framework Competitive Contract Contract Tender 1. One year's supply of photocopying paper and pens 2. Catering (food and drink) for a conference 3. 100,000 solid state electricity meters 4. Construction of a 800 MW Combined Cycle Gas Turbine generating station 5. IT training for 1,000 Ministry staff to be provided over a 1 year period 6. Urgent repairs to a low voltage substation 7. Painting a Ministry office building 8. Providing furniture for 10 offices 9. Purchase and installation of 150 km of high voltage transmission line | 10. Cleaning services for an office building for 1 year
- 28. 4.4 The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because of underutilization of equipment. The projected profit in thousands of dollars for Gorman's make-or-buy decision is as follows. Demand Medium $40 $45 Decision Manufacture component Purchase component a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. b. Assume that the probability of low demand is 0.35, of medium demand is 0.35, and of high demand is 0.30. What is the best decision using the expected value criterion and what is the expected value of perfect information? Low $220 $210 High $100 $701. What roles do the following members play in the decision-making process in Dravid Motors? • Ravi decides on the product requirements and makes the final choice of suppliers. • Lohit has the authority to pick out the supplier and negotiate the terms of purchase. Akram heads the Tech team and provides information for evaluating the possible alternatives. Dravid Motors gets many calls from potential suppliers, and it is Stuart's job to pick out the good prospects and refer them to the others.Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, but that three scenarios predominate, specifically: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Powerful forces opposing further globalization and IB will slow their growth. The forecast on the inevitably increasing expansion of globalization is based on which of the following contentions (please note that three replies are correct) A) Studies that show that almost all firms that consider themselves global conduct a dominant portion of the business in their home and neighboring countries B) Institutions and people struggle to work together to effectively manage the complexities of today’s interconnected world remains C) Technical advances in transportation and communications, besides seemingly increasing at an increasing rate, are pervasive D) That consumers demand the best…