Question Two Referring to Question one, and in your attempt to evaluate the improvement in productivity of your company. You collected the below data ;the data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity with dollars as the common denominator for the last year and this year Then determine the percent change in productivity for the monthly average last year versus the monthly average this year on a multifactor basis. Labor Capital Energy 85/hour 0.83% per month of investment $0.60 per BTU Production (dozen) Labor (hours) Capital investment (S) Energy (BTU) Last Year 3000 700 30.000 6000 This Year 3000 650 36.000 5400
Q: Julia Johnson has been accumulating savings for years to put toward her children's future college…
A: (a)
Q: Question 2: Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as…
A:
Q: The Versatech Corporation has decided to produce three new products. Five branch plants now have…
A: Decision Variable: Suppose-xij be the no. of product j manufactured in Plant iWhere (j=1, 2, 3) and…
Q: CC Car Wash specializes in car cleaning services. The services offered by the company, the exact…
A: Given data is Number of customers = 50 Package 1 buying percent = 30% Package 2 buying percent =…
Q: Determine the order size that will minimize the total cost. b. If the supplier offered the discount…
A: Here, I would determine the order size for each situation that will minimize the total cost, the…
Q: With seamless integration between restaurant managers and the Write On Handheld POS system?…
A: A handheld POS is the short form for Point-of-sale software used in restaurants. It is a software…
Q: Q3- Define vertical storage and horizontal storage? What is effective for FMCG versus Industrial…
A: An industry is a distinct set of businesses that participate in comparable commercial activities,…
Q: QUESTION 2 (WORK MEASUREMENT: WORK SAMPLING) 10.35 A total of 300 observations of Bob Ramos, an…
A: Given data is Total observations (T) = 300 Working hours (W) = 40 Busy working (B) = 250…
Q: a. Activity 'K' is a critical activity b. Activity 'K' is not a critical activity
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF)= ES +…
Q: The purpose of a Property Management System is to: A) manage the entire lodging property operation…
A: Local property managers including maintenance staff can control the daily operations of their…
Q: Solve the following linear program using the Simplex method: Z=-7x₁-6x2 Minimize Subject to. x₁ + x₂…
A: Simplex method helps to solve linear programming models manually using slack variables, tableaus,…
Q: Select the right answer. 1. The crossover point between two processes A and B can be stated as - [ ]…
A: Here, there are multiple different MCQs, as per the guideline, the first question should be taken…
Q: What is the average number of extension lines that will be busy if your recommendation in part (a)…
A: Given: Arrival rate λ= 22 calls per hour. Service rate μ = 11 calls per hour. The total no. of…
Q: Using the following data, calculate X and S charts Sample X1 2 3 4 5 6 0.078 0.082 0.102 0.079 0.085…
A: Given-
Q: During Performance Testing, what possible mistakes might arise?
A: Performance testing is a practice to determine how the system will perform in terms of…
Q: For the given information, the process capability index (Cpk) = (round your response to three…
A: Given, Data for conducted experiments: Mean μ= 9 Standard deviation σ = 0.06 Data for desired…
Q: Provide the business strategy or a possible business strategy of a local, national or global…
A: ANSWER : A business strategy for the global company can possibly be: Multi-domestic Strategy A…
Q: ompute three-period moving average and forecasting errors for the following time series: Period…
A: Given the data stated below, Period (t) Value (Xt) 1 15 2 27 3 20 4 14 5 25 6 11 7…
Q: explain the importance of psychological test in a selection process
A: ANSWER : Psychological tests are an important tool in the selection process for a number of reasons.…
Q: Exactly how does data manipulation in an MRP system function?
A: A software-based comprehensive inventories and supplier management solution for enterprises is…
Q: If the demand probabilities are 0.4, 0.25, and 0.35, which decision alternative will minimize the…
A: Here, for each option, I have been given the three demand conditions and each demand condition came…
Q: Information is very important for an aviation company to plan their operations effectively. Discuss…
A: Data in an organization is a very important component of the organization. This data helps the…
Q: This type of supply chain allows companies to react to disruptions in the supply chain in a…
A: The supply chain is comprised of all of the logistical aspects that are involved in the production…
Q: Q): How procurement & sourcing planning done in K&Ns? Q): What is the strategic sourcing in K&Ns?
A: Procurement planning - it is the process of identifying the requirements and then determining the…
Q: Consider the following linear program, which maximizes profit for two products: regular (R) and…
A: The limit of a product is determined by the allowable increase and allowable decrease in the…
Q: FK Millers produces Super and Economy brands of maize flour. In the last quarter of the year of…
A: ANSWER : The discourse between the Management Accountant and Financial Accountant at FK Millers…
Q: ) How much revenue has Tesco generated overall over the last recorded five years? Write the formula…
A: We are given a table of Tesco revenue by location between 2018 and 2022. Now, we have to write down…
Q: Is it feasible for a process to be paused when it is in the midst of performing another process?…
A: A process contains a set of activities that need to perform as per the specified sequence and…
Q: 3. A batch of exported goods of 400 cases, 50 kg, 60 x 40 x 30CM per case, were shipped from Tianjin…
A: Given that, The number of cases exported = 400 casesThe dimensions of the case = 50kg, 60×40×30cm…
Q: Which Capability Area contains practices that would be a useful start for an organization that is…
A: Here, I have to choose the right capability area to understand the specific practices which would…
Q: The higher the acceptable risk, the smaller the sample size. True False
A:
Q: The Budd Gear Co. specializes in heat-treating gears for automobile companies. At 8:00 a.m., when…
A: Scheduling: Deciding on the timing and sequence of tasks in order to satisfy production demands…
Q: b) Outline the possible sources of cost and time over-runs at different stages of a typical project.
A: Despite the extensive expertise of project management, delays and cost overruns are a common…
Q: What are the top three considerations when selecting a qualified candidate? Why has India become one…
A: Poland, Ukraine, Argentina, as well as India are top contenders for offshore outsourcing, according…
Q: In an assembly operation at a furniture factory, six employees assembled an average of 5550 standard…
A: Given- Value of output (Production)= 5550 chairsNo. of labour = 6 workersNo. of working days = 5 day…
Q: Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be…
A: Formulae used: To solve the given equation for the least squares regression method: y = a+ bx…
Q: evelop a work breakdown structure for the project. Break down the work to Level 3 or Level 4, as…
A: Here, I would prepare a work breakdown structure for an example project, the breakdown is given up…
Q: Consider a SKU with 276 picks forecasted during the planning horizon and an annual flow of 2000 ft3.…
A: Given that, Number of picks forecasted = 276Annual flow = 2000 ft3
Q: Q2: For the activities shown below, use Activity on Arrow diagram (A.O.A) to find: 1. Total Duration…
A: Activity Immediate Predecessors Duration A D,E 5 B G,F 7 C H 4 D I 8 E J 4 F J 8 G J,K…
Q: 10. Dissect the relationship between the triple constraints. b. Explain the importance of…
A: Project management is the management in which a particular type of skills, techniques, and equipment…
Q: Question 1: A company begins a review of ordering policies for its continuous review system by…
A: Given- Demand (d) = 210 units/week (Assume 52 weeks per year)Ordering or setup cost (S) =…
Q: A sandwich shop has three resources: Mary takes order and prepare bread; Alice prepares filling; and…
A: Given data: Current capacity = 7 sandwiches/day Utilization is = 0.25, 0.46, 070
Q: (Q.5) Lauric Daley is examining customer-service costs in the southern region of Capitol Products.…
A: High-low method is used to distinguish between fixed and variable expenses in a small collection of…
Q: Describe two typical problems that may occur while deploying a prescriptive process model. For each…
A: Two typical problems that may occur while deploying a prescriptive process model are:…
Q: Order Point Example ● Daily demand = 20 units Lead time = 10 days S.D. of lead time demand = 50…
A: Given data: Daily demand (d) = 20 units Lead time (L) = 10 days S.D of lead time demand (σ) = 50…
Q: Importance of leadership
A: Leadership is the process of guiding instructing and supervising the people in an organisation.
Q: The owner of a large machine shop has just finished its financial analysis from the prior fiscal…
A: In supply chain and inventory management, inventory turnover ratio and weeks of supply are the…
Q: • What is Supply Chain? • What is the role of Supply Chain Management in Business? • What are the…
A: I will first address the concept of the supply chain, then I will describe the function of supply…
Q: Speed of missiles. Deluxe model has an accuracy of plus or minus 2 km per hour, whereas standard…
A: Linear Programming is a mathematical and statistical tool that is used in operations management to…
Q: Should companies always depend on external vendors for their software and hardware requirements?…
A: Investigating and finding suppliers, requesting quotations, establishing contracts, maintaining…
Trending now
This is a popular solution!
Step by step
Solved in 2 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?answer all the questions below and show each and every woorkings You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 show working and formulars used What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.
- answer all the questions below You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.The manager of a crew that installs carpeting has tracked the crew’s output over the past several weeks, obtaining these figures: Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?A retail store had sales of $45,000 in April and $56,000 in May. The store employs eight full-time workers who work a 40-hour week. In April, the store also had seven part-time workers at 10 hours per week, and in May the store had nine part-timers at 15 hours per week (assume four weeks in each month). Using sales dollars as the measure of output, what is the percentage change in productivity from April to May?
- Which one is NOT an index of Productivity?(A) Man-hour output(B) Productivity ratio(C) TQM(D) Use of Financial RatiosAs part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmall businesses you are to evaluate are shown at right. The dataare the monthly average of last year and the monthly average thisyear. Determine the multifactor productivity with dollars as thecommon denominator for:a) Last year.b) This year.c) T hen determine the percentage change in productivity for themonthly average last year versus the monthly average this yearon a multi factor basis.+ Labor: $8 per hour+ Capital: 0.83% per month of investment+ Energy: $0.60 per BTUThe manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures: Week Crew Size Yards Installed 1 4 96 2 3 72 3 92 4 2 50 5 3 69 6 52 Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?
- Using the data below, what is the value of MAD? Week Time Serles Value Forecast 6. 4.00 5 7.00 4 6.00 4 4.00 Submit Answer format: Number: Round to: 2 decimal places.Explain the concept of demand forecasting and its role in operations planning.The manager of a crew that installs carpeting has tracked the crew’s output over the past severalweeks, obtaining these figures:Week Crew Size Yards Installed1 4 962 3 723 4 924 2 505 3 696 2 52Compute the labor productivity for each of the weeks. On the basis of your calculations, what canyou conclude about crew size and productivity?