Tag: Supply Chain Management / Operations Management

A company wants to determine its reorder point (R). Demand is variable and they want to build a safety stock into R. If the average daily demand is 17, the lead time is 4 days, the desired service level is 95%, and the standard deviation of daily demand is 3, which of the following is the desired value of R?(round to the nearest whole number)
Options:616616673
FORECASTINGBelow are the actual demands for an item for a six-month period (January through Junel Your supervisor wants you to test four forecasting methods.Answer questions 20-23 by referencing the following table.
Month
Actual Demand
January
120
February
130
March
155
April
173
May
167
June
180
Question 20Using least squares regression analysis, you get a regression model as: Y=110.7 11.8x what would be your estimate of the demand for July? (answer to the nearest whole number)integer, decimat or E notation allowed
Question 21If a three-month moving average forecasting method is used, what would be your forecast for June? (answer to the nearest whole number)Integer, decimal of I notation allowed

Match each piece of the national response framework’s (NRF) supporting documentation with its description.a) Doctrine, organization, roles and responsibilities, response actions, response organizations, and planning requirements to achieve an effective national responseb) Provide ready references describing key roles and actions for local, tribal, state, federal, and private sector response partnersc) Address unique aspects of how we respond to seven broad incident categories (e.g., biological, nuclear/radiological, cyber, and mass-evacuation)d) Group federal resources and capabilities into functional areas that are most frequently needed in a national response (e.g., transportation, firefighting, mass-care)e) Describe essential supporting aspects that are common to all incidents (e.g., financial management, volunteer and donations management, and private sector coordination) Partner Guides a b c d e Incident Annexes a b c d e Support Annexes a b c d e Core Document a b c d e Emergency Support Function Annexes a b c d e

Which of the following statements about your company’s assembly operations for cameras and drones is FALSE?Cameras are assembled by 4-person PATs, while drones are assembled by 5-person PATs due to the added number of components and more complicated assembly methods.The maximum number of cameras/drones that can be assembled at overtime is \( 20 \% \) of the number of cameras/drones that a camera/drone PAT assembles each year.All of the company’s capital expenditures for fixed assets (facilities, workstations, robotics upgrades, office equipment, and furnishings) at the Taiwan plant site are depreciated over 20 years at the rate of \( 5 \% \) annually.The manufacturers of robots have recently developed small robots capable of performing some of the tasks/work steps in assembling both action cameras and UAV drones; installing one of these robots at each camera/drone workstation enables the size of PATs to be cut by one person.The capital costs of new workstations and facilities expansions are paid in full in the year they occur.

Patients seeking care at the County General emergency room wait, on average, 6 minutes before seeing the triage nurse who spends, on average, 3 minutes assessing the severity of their problem. The most serious cases are seen first and the less serious often have to wait. On average, the wait time before being taken to the examination room is 76 minutes. In the examination room, a nurse spends about 5 minutes taking vitals and making notes on the patient’s condition. The patient then waits for the doctor. This wait averages 17 minutes. Treatment times by the doctor average 29 minutes. Following treatment, patients wait 7 minutes for the nurse to come to discuss the post treatment instructions. It takes about 4 minutes to review with the patient these instructions before they leave.
Considering any time spent interacting with a nurse or doctor as value-added time.What is the precent value-added time in a trip to the emergency room?Note: Round your answer as a percentage to 2 decimal places.

THERE ARE 120 QUESTIONS ALTOGETHER IN THIS MULTIPLE-CHOICE PAPER. CHECK TO BE SURE THAT YOU HAVE ALL THE QUESTIONS.
1. In management, a comprehensive, fundamental law, doctrine, or assumption is called a(n) :
a. truism
b. tenetc.
c. principled.
d. hypothesise.
e. none of the above
2. The development of a system in which people can perform tasks that lead to desired results is at the heart of:
a. controlling
b. organising
c. planning
d. staffing
e. none of the above
3. The budgeting activity is most closely associated with which of the following basic management functions?
a. controlling
b. leading
c. organising
d. staffing
e. none of the above
4. Which of the following interpersonal roles played by the manager does not involve sıgnificant decision making?
a. figurehead
b. leader
c. monitor
d. spokesperson
e. none of the above
5. In the management hierarchy of a university, a dean is best described as a(n):
a. academic manager
b. supervisor
c. middle manager
d. top manager
e. none of the above
6. Which of the following managerial levels suffers most from

As an interview comes to a dose, you will be asked whether you have any questions. Choose questions that help you gain information and that impress the interviewer with your thoughtfulness and interest in the position. You want to be happy with the pooition and the company, so use your questions to learn whether the job is right for you. Once you have asked your questions, end the interview on a positive note. Find out mhat action will follow, summarize your strongest qualifications, show your enthusiasm for obtaining the ponition, and thank the interviewer for the interview.
Consider the scenario, and then answer the fuestion. A friend of yours is interviewing for a position as a journalist for a popular newspaper. He has done his research and rehearsed his answers to possible questions. He asks for advice on how to close the interview on a positive note.
What advice can you give him?
Don’t walk out of the room without shaking the interviewer’s hand.
Don’t ask about the next steps in the application precess.
Don’t ask questions if you don’t have any.

THERE ARE 120 QUESTIONS ALTOGETHER IN THIS MULTIPLE-CHOICE PAPER. CHECK TO BE SURE THAT YOU HAVE ALL THE QUESTIONS.
In management, a comprehensive, fundamental law, doctrine, or assumption is called a(n) :
a. truism
b. tenetc.
c. principled.
d. hypothesise.
e. none of the above
The development of a system in which people can perform tasks that lead to desired results is at the heart of:
a. controlling
b. organising
c. planning
d. staffing
e. none of the above
The budgeting activity is most closely associated with which of the following basic management functions?
a. controlling
b. leading
c. organising
d. staffing
e. none of the above
4 Which of the following interpersonal roles played by the manager does not involve sıgnificant decision making?
a. figurehead
b. leader
c. monitor
d. spokesperson
e. none of the above
5 In the management hierarchy of a university, a dean is best described as a(n):
a. academic manager
b. supervisor
c. middle manager
d. top manager
e. none of the above
6. Which of the following managerial levels suffers most from

Identify how changes within an organization affect the OM strategy for a company. For​ instance, discuss what impact the following internal factors might have on OM​ strategy:​a) Maturing of a product.​b) Technology innovation in the manufacturing process.​c) Changes in laptop computer design that builds in wireless technology.
Part 2​a) Select all of the correct impacts the maturing of a product might have on OM strategy below. ​(Check all that​ apply.)
A. Optimum capacity may be achieved.
B. Inventory needs to be revised.
C. Longer production runs are used.
D. Design compromises are instituted.
E. Maintenance procedures need to be revised.
F. Product design needs to be revised.

Nancy Schmancy, CEO of Nancy’s Fancies, is trying to decide if it makes sense to outsource their jewelry assembly operations. Currently, Nancy employs 17 assemblers, each with an annual salary of $31,000. In addition, Nancy estimates the cost pre piece assembled is around $5 each (for materials and other incidental expenses). Sally Rally claims that they will assemble items for a fixed (one-time) fee of $750,000 and will charge only $3.25 per piece assembled. Last year, a total of 100,000 pieces were assembled at Nancy Schmancy’s Fancies. Answer the following four questions (a through d) and show your answer and your work. a. What was the total cost Nancy experienced last year due to the assembly function? (25%) b. What would the cost have been if Nancy had used Sally Rally last year? (25%) c. What is the indifference quantity between the two alternatives? (25%) d. If Nancy expects the assembly volume to be 150000 orders next year, should she use Sally Rally’s team? In doing this, how much would he save over the alternative? (25%)
a. Total cost Nancy experienced last year due to the assembly function
Work:
Annual salary cost = 17 assemblers × $31,000 = $527,000
Variable cost (materials, etc.) = 100,000 pieces × $5.00 = $500,000
Total cost = $527,000 + $500,000 =
$1,027,000
b. Cost if Nancy had used Sally Rally last year
Work:
Fixed fee = $750,000
Per-piece cost = 100,000 × $3.25 = $325,000
Total cost = $750,000 + $325,000 =
$1,075,000
c. Indifference quantity between the two alternatives
Work (solve for Q where costs are equal):
Nancy cost = $527,000 + $5.00 × Q
Sally cost = $750,000 + $3.25 × Q
Set equal: 527,000 + 5Q = 750,000 + 3.25Q
(5 − 3.25)Q = 750,000 − 527,000 = 223,000
1.75Q = 223,000 → Q = 223,000 / 1.75 = 127,428.571…
Indifference quantity ≈
127,429 pieces
d. Recommendation for 150,000 orders next year and savings
Work:
Nancy cost at 150,000 = $527,000 + ($5.00 × 150,000) = $527,000 + $750,000 = $1,277,000
Sally cost at 150,000 = $750,000 + ($3.25 × 150,000) = $750,000 + $487,500 = $1,237,500
Difference (Nancy − Sally) = $1,277,000 − $1,237,500 =
$39,500
Since Sally’s cost is lower at 150,000 pieces, Nancy should use Sally Rally’s team and would save
$39,500
.

ABC Corp. has been sued in California state court for breach of contract. ABC hasn’t filed its annual reports with the Secretary of State in three years and has been suspended for failure to do so. Which of the following is the most accurate statement of what must happen next
ABC must first file its responsive pleading (i.e., an answer) within 30 days of service of the complaint and then within 15 days thereafter take corrective action with the Secretary of State to restore good standing.
ABC must first take action to regain good standing with the Secretary of State, then file its responsive pleading (i.e., an answer) within 30 days of service of the complaint.
ABC must first take action to regain good standing with the Secretary of State, then file its responsive pleading (i.e., an answer) within 21 days of service of the complaint.
ABC must first file its responsive pleading (i.e., an answer) within 21 days of service of the complaint and then within 15 days thereafter take corrective action with the Secretary of State to restore good standing.