Discussion Issue: 1. Identify the scenario's difficulty. 2. Describe the impact on the finances
Q: Temple Trucking Co. just hired Ed Rosenthal to verify daily invoices and accounts payable. He took 7…
A: Given, First day time T1 = 7 hour 42 minutes = 462 minutes Learning curve = 0.85 Learning…
Q: e of supply chain Company : NESTLE QUESTION: Analysis of the company strategic method to…
A: The largest food manufacturing company in the world, Nestle produces products that are almost always…
Q: A small, independent amusement park collects data on the number of cars with out-of-state license…
A: Formulae used: Standard deviation(SP) =P×1-PN Overall proportionP =Total of all defectsTotal of all…
Q: The International Chef, Inc, markets three blends of onental tea premium, Duke Grey, and breakfast.…
A: Let premium be x1, duke grey be x2 and breakfast be x3 The objective value is to maximize the…
Q: Coca-Cola's brand name is indicative of a(n) __________, while its marketing and distribution…
A: Introduction Coca-cola is a brand today that needs no introduction. It is a carbonated drink sold…
Q: Define project, matrix, and functional organizations. Describe the effects of each structure on…
A: Here, I would describe the three types of organizations, The various components of a company and its…
Q: Suppose that specification for a production part diameter is 6.00 + 0.02 inches. That is, the part…
A: Formulae used: The loss function is represented as: L(x) = k(x-T)2 Where,L(x) = Loss functionk=…
Q: Answer the question based on article given- Thanks Q1-Write a description of parts and process…
A: A part and process document is a step-by-step description of process execution from beginning to…
Q: What is this week's forecast using trend-adjusted (double) smoothing with alpha=.5 and beta = .1, if…
A: Given, Last week forecast Ft-1= 65 Last week Actual At-1 = 50 α = 0.5 β = 0.1 Trend estimate for…
Q: Describe the various functions of purchase orders. Describes the steps to register a purchase order…
A: The buyer/customer creates a purchase order (PO) to specify the items they wish to purchase from the…
Q: K sequence? OA. V OB. T O C. S OD. U OE. R Job RSTU> V Alpha 20 19 50 26 11 Beta 22 35 20 26 75
A: Given-
Q: A normally distributed population has a mean of 578 and a standard deviation of 7.50. Find the…
A: Given, Sample size n = 100 Mean μ = μx = 578 Standard deviation δ= 7.5 Sample standard deviation δx=…
Q: A. What is the critical path for this project network? A-B-C-D-E-F-G-H A-C-F-H…
A: Activity diagram: Possible paths: A-C-F-H A-D-G-H B-E-G-H
Q: Lovely Lawns, Inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store…
A: Given, Fertilizer sales and number of mowers sold in a table across 14 periods Regression equation :…
Q: reflections hotel rosewood georgia describe cuisine style of food
A: When it first opened in 1927, Hotel Georgia quickly established itself as the most fashionable…
Q: A distributor of computer monitors purchases the monitors from an overseas supplier under a…
A: Given: Standard deviation of demand per day (S) = 10 units Lead time (L) = 16 days
Q: Researchers suggest that the urge to master something new and engaging is the best predictor of…
A: The rate at which output of goods and services is generated per unit of input is known as…
Q: The weighted factors for alternatives A, B, and C are as follows: Weighted factors for alternative A…
A: A manager engages in the selection of feasible projects, management of work of a team, aligning the…
Q: The Vice President of the Republic of Zambia launched a pilot project to clear canals on the Barotse…
A: Benefits from any project are of two types namely: Tangible Benefits - As the term says tangible…
Q: Mo. Elaborate on the process of Performance Management explaining its different components
A: Prerequisites, performance planning, performance execution, performance assessment, performance…
Q: a) the 10th transplant 10.40 hours (round your response to two decimal places). b) The cost of 10th…
A: Given: Learning curve rate = 75% Time for first transplant = 27 hrs Cost per hour of surgery = $5000…
Q: Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for…
A: Cost of Shutdown = 480000Super event Risk = 3%Unique event Risk = 5%Cost of managing suppliers =…
Q: a) the 10th transplant b) The cost of 10th surgery to Beth Zion Hospital = $ 10.40 hours (round your…
A: Given : Learning rate = 75% Time required for the first transplant = 27 hrs
Q: A certain type of chair costs $10, and the annual carrying cost rate is 0.20. Annual demand is 12,…
A: Given data is Annual demand (D) = 12 Order cost (S) = $3 Carrying cost (H) = 0.20%(10)=$2
Q: a) The total amount of hours to build the 13 units = hours (round your response to the nearest whole…
A: Given that: Learning rate = 85% Time taken by 1st unit = 760 hrs
Q: The management of Hartman Company is trying to determine the amount of each of two products to…
A: Let amount of product 1 produced be x1 and product 2 produced be x2 Objective is to maximize the…
Q: An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200…
A: Ans) Total Number of Clients = 10000 Each client pays 200 yuan per year Formula: Total Money…
Q: discuss the benefits of FMECA in the overall maintenance management.
A: Failure modes, effects, and criticality analysis, or FMECA, is a methodical and proactive process…
Q: HP produces printers for sale in Europe in its Vancouver, Canada factory. Printers sold in different…
A: Given: Lead Time = 6 weeksProbability of service level = 95%Then the z value corresponding to 0.95…
Q: What is the importance of Quality by Design in Pharmacy
A: Quality by design commonly written as QbD describes a pharmaceutical development approach that helps…
Q: The Universal Computer Company uses a newly developed A1 chip in the manufacturer of their tablet…
A: Ans) EOQ Formula: EOQ = Sqrt ( (2*D*Ordering Cost)/(Holding Cost) ) So, D = 12000*320/365 = 10667…
Q: Draw a fishbone for postal service
A: Fishbone diagram: Fishbone diagrams are generally used in the manufacturing or…
Q: ABC company supplies parts to a major manufacturer for the production of Item I. The carrying amount…
A: ANSWER : Whenever a thing of inventory is in inventory and its price in the market is lower than the…
Q: Regarding the economic order quantity, which of the following is true? OA all of the options are…
A: Introduction: EOQ or Economic Order Quantity is a measurement tool to determine the economic order…
Q: (4) Reduce the schedule until you reach the crash point (not possible to crash further) of the…
A:
Q: Alebwelelapo is planning a soccer tournament for the weekend of May 29-30. The club's officers know…
A: The critical Path Method is a concept of operations management that is used to determine which tasks…
Q: Consider the following constraints from a two-variable Linear Program. (1) X ≥ 0 (2) Y ≥ 0 (3)…
A: Given: Constraints from a two-variable Linear Program- (1) X ≥ 0(2) Y ≥ 0(3) 5X + 4Y ≤ 50(4) 5X - 2Y…
Q: Make the case of how well Baldrige’s 11 Core Values and Concepts embrace or promote Mindful…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: a. Which of the following best describes the meaning of the equation P(25) = 200? 1. When 200…
A: Organizations today go for smart work instead of hard work. Here to avoid long descriptions of the…
Q: Consider the AON graph of a project shown below. Figure 19.17 A1 (A2) A3 A5 A4 days A6 The activity…
A: With the given activity diagram, Possible paths: A1 - A2 - A3 - A4 - A8 A1 - A2 - A3 - A6 - A7 - A8…
Q: Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at…
A: Given data is as follows: The current year annual sales is $42 millionThe rate of inventory is 6…
Q: What is the Late Start on Activity C? What is the slack on Activity C? What is the slack on…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: Morgan is a training consultant for five mid-sized manufacturing firms. On average, each of their…
A: Given, Number of firms = 5 Arrival = 5 clients every 20 days Service time = 5 days with each client…
Q: When Nike's customers trigger events in its supply chain by ordering a customized product, then the…
A: The concepts of "push" and "pull" originate from supply chain management. Businesses employ these…
Q: a) the 10th transplant 10.40 hours (round your response to two decimal places). b) The cost of 10th…
A: Given: Cost per hour of surgery = $5000 Learning Rate = 75% Time is taken for the first transplant =…
Q: Amazon Web Services (AWS) is an ERP system.
A: When nearly all significant suppliers have made the decision to aggressively shift to the cloud,…
Q: A farmer needs to determine how many acres of her property to plant with soybeans and how emany…
A: Linear programming is a technique used to maximize or minimize the set of given variables. These…
Q: Disadvantages of using airfreight to ship goods
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: Case 12. FOUR ACES CONSTRUCTION AND HARDWARE SUPPLY: Here, There, and Everywhere In 1964, four girls…
A: Introduction - The case "Four Aces Construction and Hardware supply: Here, There, and Everywhere"…
Q: DO NOT COPY AND PASTE FROM AN ARTICLE. DO NOT PLAGERIZE. COMPANY IS COLONY HARDWARE SUPPLY! Research…
A: Introduction Colony Hardware Supply is an organization supplying hardware equipment. It provides…
Which does this imply? It implies that only port Klang must be contacted by the shipper or seller in order to export the goods. All shipping expenses, as well as the danger and loss of the items, are the buyer's responsibility. The purchaser is liable for insurance. But cling on. Something is wrong in this situation. Has Incoterms 2020 not been adopted here.
Discussion Issue:
1. Identify the scenario's difficulty.
2. Describe the impact on the finances.
Step by step
Solved in 3 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?When considering the ‘total cost-of-risk’ to an organisation three risk management objectives need to be considered. Determine these risk management objectivesRead and analyze the following article. Manila Bay Beach Nourishment Project After years of being known for its polluted waters, Manila Bay suddenly got a facelift as the government decided to take a big risk by overlaying mounds of artificial white sand (dolomite) on a part of the bay's naturally gray shoreline. This project, which is spearheaded by the Department of Environment and Natural Resources (DENR), was instantly met with harsh disapproval. In September, the overlaying of the dolomite in Manila Bay beach or the beach nourishment project caught public attention, stirring curiosity and setting off waves of people flocking to the area to get a glimpse of the "white sands". Many criticized the project, throwing allegations at the DENR, calling the project a health hazard and a waste of public funds. But the DENR emphasized that the beach nourishment with the use of dolomite is a significant component of the rehabilitation aimed to protect the coastal resources in the area and…
- Your parents own a Dairy Farm in your Village near Kasur (53 KM). Your father has a desire to make the fresh, pure Buffalo milk to the consumers directly so that the negativities associated with the middle men (Wholesale buyers, Shopkeepers and delivery men) may be avoided. You have been made responsible by your parents to develop a system of delivery of the fresh milk at the doorsteps of consumers. Some factors to be considered are given below: • There is no Brand Name of the Milk as yet. • Cattle used for milking is fed on pure, organic feed. No Chemicals, Hormones or artificial feed is used. • Total production of the Farm is 1000 Liters • Nestle is paying PRs 45/- per Liters to the farmers and your parents have priced their raw Milk at PRs 50/- per Liters • Your estimate is that the milk will cost you at PRs 70/- per Liters o Cost of Bottle = PRs 7/- o Brand Name and instruction stickers PRs 3/- per one Liters bottle o Transportation PRs 3/ Liters o Chilling/refrigeration Cost PRs…State the risk rating of the respective FIVE (5) risk exposures mentioned below. Loss of physical assets Loss of human capital Technology/ equipment failure Operational loss Loss of supplyBusiness Reopening Decisions and Demand Forecasts during the COVID-19 Pandemic Findings from a nationwide survey underscore the importance of demand projections and interdependencies among businesses for owners’ reopening decisions. Businesses expect the demand for their services will be greatly depressed for many months to come. How quickly will African businesses reopen after COVID-19 lockdowns end? A plurality of firms in a sample expect to reopen within days of the end of legal restrictions, but a sizable minority expect to delay their reopening. While health-related variables, such as COVID-19 case rates and physical proximity of workers, do explain the prevalence and expected duration of regulated lockdown, these variables have little or no correlation with post-lockdown reopening intentions. Instead, almost one half of closed or partially open businesses said that their reopening would depend on the reopening of related businesses, including customers and suppliers. Owners…
- The hotel sector is one of the industries that were greatly affected by the corona virus pandemic. There are many post-recovery strategies implemented by hotels specifically during the early months of their reopening to assure the safety of the guests and the community. Read the attached image file and state your opinion: Was there a negligence on the part of Berjaya Hotel Makati? What could have been done to avoid lapses in security during the quarantine? Do you think that the Makati City Hall is just in ordering the closure of Berjaya Makati Hotel? Why or Why not?11- Particular success factors are associated explicitly with e-government service provision, which are divided into two categories: service-oriented and function-oriented success factors. Select one: a. True b. FalseWhat is the risk analysis for a Restaurant (culture restaurant)?