Tag: Supply Chain Management / Operations Management

Contracts are interpreted according to both what the parties objectively intended and also what the parties were subjectively thinking but keeping to themselves.TrueFalse

Attempts to determine the supply of and demand for various types of human resources isreferred to asforecastingstaffing predictionsavailability analysisinventory analysis

Because it is hard to fire employees, ◻ is widely as one of the most important HR practices to do well.
selection
retention
performance feedback
performance management

Consumers are able to shop in a “one-stop shopping environment” due to the
development of franchising
development of prototype stores
sorting process
increased size of stores

Company A failed to satisfy 15% of customers’ orders last month. Company A stocks 100 items and all 100 were ordered last month. What is
15%
85%
100%
30%

Continuing with the oil change example, how many cars can complete the oil change process in one 8-hour shift (480 minute), if staff members are working the entire day?

Describe two internal or external risks the given company encounters in entering the emerging market, Indian fishing industry, including how each risk impacts the company
External risk — Regulatory and policy uncertainty
The Indian fishing industry is governed by a mix of central, state and local regulations (licensing, zonal restrictions, seasonal bans, export controls, and environmental laws). Policy changes, complex permitting, and inconsistent enforcement across states create legal and administrative uncertainty.
Impact on the company: delays in market entry and operations due to slow or unpredictable permitting; increased compliance and legal costs; risk of fines, seizure of catch or vessels if rules are misinterpreted; constrained access to fishing zones or export markets that can reduce revenue and disrupt planned supply and sales timelines.
Internal risk — Cold-chain and supply‑chain operational capacity
Fisheries products are highly perishable. Entering the Indian market requires reliable sourcing, on‑board handling, local processing, cold storage, and last‑mile logistics. Weaknesses in any link—insufficient processing capacity, poor refrigeration, fragmented suppliers, or unreliable transport—threaten product quality and continuity.
Impact on the company: higher spoilage and product losses, failure to meet quality standards or contractual delivery windows, damage to brand and buyer relationships, increased working capital tied up in slow or unreliable inventory flows, and margin erosion from emergency logistics or needed capital investment to upgrade facilities.

Ch 4:
You recently took the CliftonStrengths assessment. Another useful tool inunderstanding the strengths of your character through positive traits is theCIAVICMMBTISATC

Describe two problems with Vitality’s old performance management system and then (b) describe two changes that they made to their newer system to address those problems.

Check the time series data of the demand for product or service. identifv the components of the plot. Link the label in the left to the concepts in the right.(3)(2)(1)(4)