• Operation Management
    1. Which of the following best describes the strategic importance of short-term scheduling? A) Effective scheduling, through lower costs, faster delivery, and more dependable schedules, can provide a competitive advantage. B) Effective scheduling is a tactical tool for increasing demand to meet...
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  • Midterm Study Guide
    organization. The advantages of the first two include the ease and low cost of formation. The advantages of the corporation include limited liability, indefinite life, ease of ownership transfer, and access to capital markets. The disadvantages of a sole proprietorship are (1) difficulty in obtaining...
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  • operations and logistics
    representative is on the full – time at the supplier’s expense and is empowered to plan and schedule the replenishment of materials fro the supplier. Small Lot Sizes Lot: A quantity of items that are processed together. Small lots have the advantage of reducing the average level of inventory...
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  • Erp Introduction
    ) Disadvantages of ERP Systems: While advantages usually outweigh disadvantages for most organizations implementing an ERP system, here are some of the most common obstacles experienced: Usually many obstacles can be prevented if adequate investment is made and adequate training is involved...
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  • Discussion Questions for Operational Management
    a MRP? 6. How does MRP, as an approach to inventory management, differ from the approach taken in the chapter Inventory Management, dealing with economic order quantities? 7. What is ERP and what benefits and disadvantages of ERP have? Class 17 Cisco Systems 1. At the end of the...
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  • Operation Management
    and services. Leenders adds another inventory cost labeled Stockout Costs (cost of not having the part when and where needed). The advantages and disadvantages of large lot size in this case 1000 are the following: Demand is fairly stable, or constant, and that we know reasonably well what...
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  • Mno301D Notes
    (with or without overlaps between the preceding and/or following layout-type) would be the most appropriate. ▪ Pg 197 txt for example o Advantages and disadvantages of the basic layout types |Layout |advantages...
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  • OM 323
    individuals with business -Table 11.3 (p. 301) illustrates advantages -2 main functions 1. Web Site (front-end) 2. Order fulfillment (back-end): processing, billing, inventory management, packing, shipping -internet capability leads to demand fluctuations -somewhere in the supply chain...
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  • HIstory of ERP
    effectively, using a unified data store and consistent processes. ERP is recommended in an organization not only because the advantages outnumber the disadvantages but also by keeping in mind the ways to overcome the disadvantages. An organization has to correctly weigh the advantages and disadvantages of ERP before going for them. ...
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  • Restructuring Nova Chemical Corporation
    Q5 Recommendation and Proposed Transaction Table 7: Restructuring options advantages and disadvantages APPENDIX A Multiple Valuation Approach Table 8 Revenue Multiples : Enterprise Value/Sales Ratio calculation Dow Chemical Revenue Equity Value(market value) Price Earning Ratio Earning...
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  • Supply Chain Management
    material. Given an established production program for a specific period, the planner uses MRP I to calculate which components are required in what quantities and at what point in time, by examining the throughput time or delivery time of the component (scheduling).  Manufacturing Resources...
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  • Finance Chapter 1-5, 7-10
    preferred stock. | | | |One of the disadvantages to a corporation of owning preferred stock is that 70% of the dividends received represent taxable income to the corporate recipient, whereas interest income earned on bonds would be tax free. | | | |One of the advantages to financing with preferred stock...
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  • Riordan Manufacturing: Telecommunicaion Concepts
    Linksys hubs, then to the factory floor. Advantages and Disadvantages The advantage of running a VOIP system for a corporation like Riordan is not only that of improved quality in communicating from facility to facility, but also VOIP systems are relatively less expensive as they can use the...
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  • Unit 6 Supply and Stock Management in Retail
    method, Weighted Average Price method, FIFO (First In First Out) method, LIFO (Last In First Out) method, LPP (Last Purchase Price) method and BNM (Bottle neck method) Advantages and disadvantages Stock control systems ensure that just the right amount of stock are on the shelves. If there is too...
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  • Fi515 Midterm
    , and a par value of $1,000. What is their current yield? (Points : 10) 7.39% 7.76% 8.15% 8.56% 8.98% 9. (TCO C) 5-year Treasury bonds yield 5.5%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on five-year bonds is 0.4%. What is the real risk-free rate, r*? (Points : 10) 2.59...
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  • Operations
    or service. * Benefits of reducing time to market * Increase competitive advantage * Reduced development costs * Faster sales revenue and cash flow resulting in quicker break-even point Process Selection / Process Design / Process Analysis What is process...
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  • Operations
    package 5. Data Accuracy 6. Realistic and achievable PROBLEM IN USING MRP 1. Preparation of MPS 2. Maintaining accurate BOM files 3. Incorrect stock (inventory) status 4. Unrealistic lead times EVALUATION OF MRP The advantages of MRP system over conventional inventory—planning approaches, Q system and...
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  • Wireless Communication
    . (Freedman 279) Though the Internet has its advantages it also has disadvantages, therefore users should educate oneself on the revolutionary tool. With over 50 million users the Internet is rapidly growing and is to the ‘90’s what the personal computer was to the 70’s. New usage’s are springing...
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  • Operations Management
    management. 5 What is mass customization? 5 Why is mass customization / postponement needed? 6 What capacity is required to do it? 6 What are the benefits/advantages and disadvantages of it? 6 Which companies have worked in what way? Give examples. 6 Appendix 7 Amazon 7...
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  • Midterm Exam
    premium on Crockett's bonds is LP = 1.25%, | |and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) x 0.1%, where t = number of years to maturity. What is | |the inflation premium (IP) on five-year bonds?(Points : 10...
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