by Dan | Sep 28, 2022 | Operations management
Prompt: In the article “6 Types of Demand Forecasting” by the Fulfillment Lab https://www.thefulfillmentlab.com/blog/demand-forecasting and Chapter 14 of your textbook (pp. 403-418), the importance of demand forecasting is discussed. According to the article,...
by Dan | Sep 24, 2022 | Operations management
Oh, oh! The engineers are in a pinch. At the most recent staff meeting one pf the topics discussed was that one of the newer light fixtures was having some problems. This is the model L799AC. They are being returned at a rate that is much higher than anticipated. It...
by Dan | Sep 21, 2022 | Operations management
o Prompt: Describe the importance of and your approach to managing capacity and demand. In your response, try to answer the following not as separate questions but as one cohesive response to describe your understanding of and approach to capacity planning and...
by Dan | Sep 21, 2022 | Operations management
Prompt: Let’s consider the economics of waiting. The economic cost of waiting can be viewed from two perspectives. For your organization, the cost of keeping an employee (i.e., an internal customer) waiting can be measured by unproductive wages. For external...
by Dan | Sep 14, 2022 | Operations management
Prompt: As Christians, we are to continually improve and sanctify ourselves so we will not become ineffective or unfruitful. If we focus on continually improving, we will be much more effective and fruitful in our business ventures (2 Peter 1:5-8). An entrepreneur has...
by Dan | Jul 30, 2022 | Operations management
15 Joe Henry’s machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand: 2,500 Holding cost per bracket per year: $1.50 Order cost per...
