Which of the following answers gives the definition of a process? the one-of-a-kind production of a product to customer order that requires a long time to complete and a large investment of funds and resources a group of related tasks with specific inputs and gutputs a chart depicting the activities performed by various people in a process a technique that determines the volume of demand needed to be profitable Save for Later Attempts: 0 of 1 used Submit Answer
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- Suppose we have a business of supplying fruits and vegetables to customers. So How to manage a order when there is lack of team members(more then 3-5 employes on leave on same time ) in the order management and order need to be fulfilled in short span of time in the following situations :-I) When Delivery team missing II) When Packaging Team missingIII) When Billing Team missing (Answer in points only ) upvote for quality answer?Which of the following statements is not a right description of process focus strategy low volume, high variety finished goods are not usually made to a forecast and stored operators are modestly skilled low fixed costs, high variable costs .most appropriate for hospitalsNeed analysis has the same meaning not only with requirement analysis but also with gap analysis. Select one: True False
- Tutorial-Module 1.pdf 1. Learning Material Mode X DF Course Work CHEM3010 CO 1. Learning Mate C:/Users/hp/Downloads/Tutorial-Module%201.pdf E (D Page view A Read aloud V Draw - Highlight 1 What are the major steps in building a model of a process system? 2 What key issues might arise for each of the overall modeling steps? 3 What major areas of PSE often rely on the use of models? What are some of the outcomes in the use of those models? 4 How can models be classified into generic types? Are these categories mutually exclusive? If not, then explain why. 5 Explain the fundamental differences between stochastic, empirical and mechanistic models. What are some of the factors which make it easier or harder to develop such models?Which of the following should NOT be included in the analysis of a new product? 1. money already spent for research and development of the new product II. reduction in sales for a current product once the new product is introduced III. increase in accounts receivable needed to finance sales of the new product IV. market value of a machine owned by the firm which will be used to produce the new product V. $1,000,000 the company spent 5 years ago to buy a machine which will be used to produce the new product I and III QI and V II, III, and IV I, II, and IVIn case of a production company which produces 3 different products (RE1, RE2, RE3), we know the following information: Measuring Unit RE1 RE2 RE3 Quantity unit 3,000,000 4,000,000 5,000,000 Sales Price Euro/unit 2,500 3,000 3,500 Production Cost Euro/unit 1,500 1,500 1,500 Consumption Factor kg/unit 0.02 0.04 0.01 Tasks: a) Has a company scarce resource if the company has only 250 tons raw material? b) Calculate the optimal composition of products! c) Determine the estimated total sales!
- ABC is still at a relatively early stage of its development and its implications for the process control may in the final analysis be more important than its product costing implications. it is a good time for every organization to consider whether or not ABC is appropriate to its particular circumstances. You are required (a) to contrast the feature of organizations which would benefit from ABC with those which would not. (b) to explain in what ways ABC may be used to manage costs, and the limitations of these approaches. (c) to explain control product costs.It is important to cammunicate with the customer verbaliy and non-verbally about the satistying capacity of the product These tateinents are meatto the customer of the best possible product fit to his needs. Recommend, progress or help O b. Inform, persuade, remind O c. Identify, suggest, remind O d. Informs, persuade, recommendThe director of surgery at a local hospital is interested in understanding his unit’s costs. An assistant collected data for the past 36 months on unit cost (labor, supplies, and so on) along with the number of procedures performed in the unit. The assistant analyzed the data using a spreadsheet program, and the following output was generated. Equation Intercept $ 1,013,000 Coefficient on procedures $ 210 Statistical data Correlation coefficient 0.553 R2 0.303 The unit is planning to perform an average 13,500 procedures per month for the coming year. Required: a. Use the regression output to write the surgical unit cost equation. b. Based on the cost equation, compute the estimated costs for the surgical unit per month for the coming year. c. The director of surgery has asked you for advice on whether he should rely on the estimate.
- Which of the following add customer value? Group of answer choices storage time processing time setup time idle timeOperating decisions can include: A.measuring performance against benchmarks B.deciding whether to add new products of drop existing ones C.developing benchmarks D.monitoring efficiency (such as raw material wastage on a production line)A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 Production Rate 35 parts per hour 15 parts per hour Daily production time 4 hours per day 7 hours per day Percent of Parts Rejected 20% 9% Assume that the daily demand for hubs allows all defect-free items to be sold. Additionally, defective hubs cannot be sold and their material cannot be recovered anymore. Find the process that minimizes the total cost per piece if each part is made from $4 worth of material. Both processes are fully automated, and the variable overhead cost is charges at $40 per hour.