Q7.An example of a leading performance measure is: a. Number of new customers b. Production cycle time
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Q7.An example of a leading performance measure is:
a. Number of new customers
b. Production cycle time
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Solved in 2 steps
- Q21 The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 348,000 Cost of goods sold 305,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 67,000 Value of finished goods on-hand 27,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)Q1. Explain the benefits and challenges of CRM. Customer relationship management?Q4) Define the following concepts with example. Market Potential Sales Potential Market Share
- Q1:A/ The Office Supplies Company offers two types of pens, the first type has high specifications, while the second type has normal specifications. The expected profit from selling each unit of the first type is half a dollar, and from selling each unit of the second type is a quarter of a dollar. The time taken to manufacture the first type is twice the time taken to manufacture the second type for the purpose of producing no more than 1,000 pens of both types per week. The company can produce at most 400 units of the first type per week, and it can produce no more than 700 units of the second type per week. Note that the company can produce each of them separately. Required: Create the linear programming model to find the optimal production mix so that the company achieves the maximum possible profit.Q1. The Premiere Bank soon will be hooking up computer terminals at each of its branch offices to the computer at its main office using special phone lines with telecommunications devices. The phone line from a branch office need not be connected directly to the main office. It can be connected indirectly by being connected to another branch office that is connected (directly or indirectly) to the main office. The only requirement is that every branch office be connected by some route to the main office. The charge for the special phone lines is $100 times the number of miles involved, where the distance (in miles) between every pair of offices is as follows: Distance between Pairs of Offices Main В.1 В.2 В.3 В.4 В.5 Main office Branch 1 Branch 2 Branch 3 190 70 115 270 215 160 190 100 110 50 70 100 140 120 220 115 110 140 175 80 Branch 4 Branch 5 270 215 120 175 310 160 50 220 80 310 The management wishes to determine which pairs of offices should be directly connected by special…Q15) Cost management system is used for measuring inventory and cost of goods sold for external shareholders. Select one: True False
- d. Steps involved in classification of ABC analysis?MGT 314 (Operation Management) MCQ:Q4. Manufacturing (HW). A manufacturer is currently producing an item which has a variable cost of $0.75 per unit and a selling price of $2.00 per unit. Fixed costs are $20,000. Current volume is 40,000 units. The firm can produce what it believes is a better product by adding a new piece of equipment to the process line. This equipment represents an increase of $5,000 in fixed cost. The variable cost increase would be $0.50 per unit. Volume for the new and improved product should rise to 50,000 units. (a) What is total profit now? (b) What will be the profit with the new machine? (c) Should the company invest in the new equipment?
- A company can produce a part it uses in an assembly operation at the rate of 50 an hour. The company operates eight hours a day, 300 days a year. Daily usage of the part is 300 parts and the company uses the part every operating day. The current batch size is 6,000 parts. The annual holding cost is $2 per unit, and setup cost is $100.2. Say whether the following variances are favourable (F) or adverse (A) Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted F/ARequired information Camp Rainbow offers overnight summer camp programs for children ages 10–14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on- site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Number of Cost to Run Campers 172 Week Camp $13,810 9,350 11,360 14,380 14,000 12,440 10,180 8,440 112 3 148 4 184 5 174 152…