Int. J. Learning and Intellectual Capital‚ Vol. X‚ No. Y‚ xxxx 1 Collaborative planning‚ forecasting and replenishment (CPFR) as a relational contract: an incomplete contracting perspective Sung Min Kim* Department of Management‚ School of Business Administration‚ Loyola University Chicago‚ Maguire Hall‚ 422‚ 1 E. Pearson‚ Chicago‚ Illinois‚ 60611‚ USA Fax: +1 (312) 915-6988 E-mail: skim@luc.edu *Corresponding author Joseph T. Mahoney Department of Business Administration‚ College of Business
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Running head: Preventing Medication Errors Preventing Medication Errors: Safe Medication Use is Achievable and Affordable Chareese W. Brown DePaul University HTHC 523-201: Winter 2012 January 17‚ 2012 Almost everyone will take prescription and non-prescription medication. It is estimated that 82% of United States (U.S.) adults will use prescription medicines‚ over-the-counter remedies‚ and/or dietary/herbal supplements. Nearly one-third will use five or more different medications (citation)
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description of forecasting‚ the science of predicting future events. From an operational point of view‚ market opportunities are the driving force behind production decisions and these opportunities are compiled in the form of demand forecasting which then provides the input for planning production: process design‚ capacity planning‚ aggregate planning‚ scheduling‚ and inventory management. But why forecasting is so important for operations? In order to understand the factors of forecasting‚ one should
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CPFR is not a technical standard. It is actually an initiative that facilitates the reengineering of the relationships between trading partners and thus transactions. This initiative is based on an industry-recognized set of standards which are not proprietary. “True collaboration is something that completely reengineers the relationship or the transaction between trading partners‚” notes Andrew White‚ vice president of product strategy for Logility‚ an Atlanta-based company that offers a CPFR-based
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If inflation is too high in an economy the government will introduce policies to reduce the rate as a high rate can lead to disaster for a country. If the UK has excessively high inflation rates then they will not be able to compete on the exportation of goods against other countries as we will be charging higher prices which can then lead to a contraction on UK output and we become less efficient. It is also disastrous for individuals as there will soon be a wage-inflation battle as wages need to
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Causes of medication errors and methods to reduce errors Nurses have an ethical and legal responsibility to assess a patient’s need for a drug‚ administer it safely and correctly and evaluate the response to it. They should always make patient safety a priority because patients rely on the nurse’s skills‚ knowledge and professionalism. Nurses have a critical role in administering medications to the patients by following the six rights of drug administration. These six rights are: Right medication
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turban_on_W001-W146-hr 29-01-2009 11:12 Page W-90 Online Brief 10.2 CPFR Implementation Issues When implementing a CPFR process‚ the collaborators agree on a standard process‚ shown in Figure 10.2.1. The process ends with an order forecast. CPFR provides a standard framework for collaborative planning. Retailers and vendors determine the “rules of engagement‚” such as how often and at what level information will be provided. Typically‚ they share greater amounts of more detailed information
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Explain errors of omission and errors of commission. Ans - == Errors of commission == An error of commission occurs when you record an incorrect value in posting. Such errors include original entry errors‚ transposition errors‚ calculation errors and reversal of entries. An original entry error occurs when an incorrect figure is recorded and posted. A prime instance of this is the ten-key error‚ where you accidentally hit the number above the correct key. For example‚ if you enter 7‚ instead
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Behaviourist approach This approach refers to behaviour being mainly influenced by the environment also by reinforcing rewards for positive behaviour and punishments for negative behaviour. B.F. Skinner investigated Operant Conditioning of voluntary and involuntary behaviour. He explained that behaviour occurs for a reason‚ and the three main behaviour shaping techniques are positive reinforcement‚ negative reinforcement and punishment. Behaviourism has been criticised in the way it under-estimates
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Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar‚ but more general term. Both might refer to formal statistical methods employing time series‚ cross-sectional or longitudinal data‚ or alternatively to less formal judgemental methods. Usage can differ between areas of application: for example‚ in hydrology
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