What is factor rating, and how does it work?
Q: 1. What is the right business location? 2. What are the general criteria in selecting business…
A: The term "business location" refers to the company's specialized business activities are conducted.…
Q: What is Facility Planning Location Strategy? What is efficient and effective Facility Planning -…
A: INTRODUCTION:- To be at the correct place is crucial to an organization's growth. If a business…
Q: State the factors that affect location decisions ?
A: Location selections are critical for small and large enterprises alike. To accomplish this, firms…
Q: Which are the METHODS OF EVALUATING LOCATION ALTERNATIVES?
A: Operations management is the administration of operational processes within a company to create the…
Q: What are the people that are involved in facility location decisions ?
A: Facility location might be characterized as where the office will be set up for delivering labor and…
Q: What is site selection and factor rating method?
A: Site selection indicates the practice of new facility locations both for business and governmental…
Q: What community factors influence location decisions?
A: The facility location for an organization is the selection of a location that has the right amount…
Q: Using the procedure for factor rating, decide on the better location. Factor Score at Each Factor…
A: Factor Rating Method for Location Planning calls for Identifying the important location factors.…
Q: Q5- The fixed and variable costs for three potential banking branch are as follows Site fixed cost…
A: Formula:
Q: Which Factors affecting location decisions?
A: Location decisions have a direct and explicit impact on both small and big businesses. It is…
Q: What is location factor rating?
A: For any business to operate or start its process it is necessary to choose a good location. Location…
Q: Explain what is meant by the nature of location decisions ?
A: Location strategies are crucial to the growth and success of any firm. Positioning techniques must…
Q: What are the main determinants of the location and how do each influence the decision?
A: Location decision is the decision in which a company or business decides the location of the store…
Q: When deciding on this location of a Telecommunications room, what are the five issues to keep in…
A: Telecommunication rooms are particular reason rooms that house broadcast communications hardware and…
Q: snip
A: The center of gravity method is a method for locating a distribution center that minimizes…
Q: What is Facility Planning Location Strategy?.
A: A strategic facility plan refers to combining modern facility management activities. Facility…
Q: The Giant Farmer Company processes food for salein discount food stores. It has two plants: one…
A: Alternative 1 (Buffalo) Formula: F10 =SUM(B10:E10) copy to F10:F12 B13 =SUM(B10:B12) copy to…
Q: How will location benefit (or hinder) you; what is the potential customer base and how does it…
A: Entrrepreneurship is the process of starting a business. It is important to consider the factors…
Q: 1. In deciding on where to locate their next grocery store, Publix narrowed it down to 3 locations…
A: Find the given details below: Given details: Criteria Weight Locations St. Augustine JAX…
Q: What are the current trends governing site selection?
A: In general, the term Site selection is referred to as the process by which multiple sites are…
Q: Describe the people that are involved in facility location decisions with 3 venture methodology?
A: Managers and supervisors are individuals that work in the facility location industry on a daily…
Q: Q 3 locations have been identified as suitable options for building a new factory. The fixed and…
A: For A: Total Costs = 500000 + 300 x For B: Total Costs = 750000+ 200x For C: Total Costs = 900000 +…
Q: JYPE is contemplating the future of one of its plants located in South Korea. Three alternative…
A: Find the Given details below: Given Details: States of Nature Decision Good Foreign…
Q: DESCRIBE THE NEED FOR LOCATION DECISIONS ?
A: The need for location decisions are :
Q: Explain the current trends governing site selection?
A: Logistics Logistics is part of supply chain management. Basically, logistics is defined as a process…
Q: The Bakers Dozen Restaurant is considering opening anew location. It has considered many factors and…
A: Factor-rating systems are perhaps one of the most often used location selection procedures since…
Q: “flexibility,” “expansion,” and “access” in site selection for a processing plant?
A: The geological area of the last plant can have solid impact on the accomplishment of the modern…
Q: Discuss why quality of life issues should be considered in the facility location decisions ?
A: Quality of life includes amenities such as housing, schools, healthcare, etc which positively impact…
Q: who needs to be involve in facility location decisions?
A: Facility location is a part of layout management where the firm determines the optimal geometrical…
Q: A clothing chain is considering two different locations for a new retail outlet. They have…
A: Formula:
Q: How center of gravity method is used to determine the right location for the facility placement?…
A: The Center of Gravity Method is an approach that seeks to compute geographic coordinates for a…
Q: What are the major factors that firms consider when choos-ing a country in which to locate?
A: When a firm decides to enter a foreign market/another location it needs to understand several…
Q: snip
A: An amount of money that is spent by the company on the creation or production of goods and services…
Q: What are the considerations in planning for location, facilities and capacity?
A: Location planning is the planning that takes place to choose the most optimal location for the…
Q: Explain the people that are involved in facility location decisions with three venture methodology
A: Managers/Supervisors are those who are directly involved in the business of facility location.…
Q: Problem 1: Using the following factor ratings, determine which location alternative should be chosen…
A: Problem 1 Problem 2
Q: Discuss what are the people that are involved in facility location decisions?
A: The facility's location is comparable to that of an office from where labor and products will be…
Q: PCC Corporation has acquired a medium size family-owned textile business and is contemplating the…
A: Given, The following payoff table depicts the decision situation Decision good poor Expand P…
Q: Task 2- Amana Bank has 6 branches as shown in Table 2. They aim to maximize output in the form of…
A: First, we will be using a graph to find out the Pareto optimal branches in the given question. The…
Q: Using the factor-rating method, what is the recommended site for Twenty Four Seven’s new store?
A: Factor Rating Method Factor Rating Method is used to evaluate the facility location. It is the…
Q: Explain the differences among factor rating, the load–distance model, and break-even analysis. What…
A: Break even analysis is the analysis which is useful for determining the production level or the…
Q: How does factor weighting incorporate personal preference in location choices?
A: Introduction: For any company, in order to establish its business it has to consider certain factors…
Q: What is plant location?
A: A small introduction about plants: A plant is a building or structure that houses an industrial…
What is factor rating, and how does it work?
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- 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. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.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?
- What are the considerations in planning for location, facilities and capacity?Voice International is deciding between 2 Philippine companies to provide its call center services. A factor-rating method is used to evaluate. The factors are rated on a scale of 1-10, with 10 being the best score. If the factors are weighted equally with respective weights of .3333, which of the firm is preferred? FIRM FACTOR 1 FACTOR 2 FACTOR 3 A 6 7 10 B 8 9 8The Zhao family of Atlanta, Georgia, is planning its annual summer vacation. Three vacation locations along with criteria weights and location ratings follow. What is the recommended vacation location? Criteria Travel distance Vacation Entertainment available Outdoor activities Unique experience Family fun O Myrtle Beach, South Carolina OSmoky Mountains Branson, Missouri Weight 2 5 3 2 4 5 Myrtle Beach, South Carolina 5 5 7 9 5 8 Ratings Smoky Mountains 9 6 4 6 9 9 Branson, Missouri 3 8 4 5 9 8
- Metro has initiated discussions on attracting rail service. A depot would need to be constructed, which would require $2.5million in land and $7.5 million in construction costs. Annual operating and maintenance costs (O&M) for the facility would be $150,000, and personnel costs would be an additional $110,000. Other assorted costs would be born by the railroad and federal authorities. Annual benefits (B) of the rail service are estimated as listed: $120,000 for Railroad annual payments, $25,000 for Rail tax charged to passengers, $20,000 for Convenience benefits to local residents, and $12,000 for Additional tourism dollars for Metro. Apply the B-C ratio method, with a MARR of 8% per year and 20 year study period, to determine if the rail service should be established. a. BC ratio=2.12, good project b. BC ratio=-1.76, good project c. BC ratio=1.69, good project d. BC ratio=0.14, not good projectThe piece of land available is situated on the main road through the area and has great views of MountKinabalu on one side and the valley below on the other side. As the strategic advisor you have been asked to come up with a recommendation whether to develop a 4-star or 5-star property. Due to the fact that the area is near a World Heritage site and due to building height restrictions the total number of rooms for a 4-star hotel would be 300 rooms, whilst for a 5-star property the number of rooms would be 190. Identify at least THREE (3) strengths and weaknesses each and at least TWO (2) opportunities and threats each for the proposed hotel/resort at that area. (Not for Mount Kinabalu as a tourist attraction!)What is a Locational break-even analysis?