Operations Management Case Study ToysPlus‚ Inc. Murthy‚ vice president of manufacturing for ToysPlus‚ Inc.‚ finished reading the weekly production report for the week ended January 27‚ 2012. Inventories were up once again‚ and service levels were lower than expected. Murthy wondered why these problems could not be solved once and for all. Last year he had installed a new IBM production and inventory control system on the company’s mainframe computer. While the system drastically reduced inventories
Premium Inventory Balance sheet Asset
Innovative Toys Inc. Case Analysis Innovative Toy is entering the infant toy market by distributing through supermarkets. It is important to analyze if our potential supermarket channel‚ Big Tiger‚ and Innovative Toys can find a place where there is a win-win situation and where both companies are pursuing the same objectives. It is important to analyze the pros and cons of spending the marketing budget on trade promotion or advertising. It is important to note that the success of Innovative toys and
Premium Marketing
Toy Evaluation Article Brief Children apparently develop his or her cognitive structure according to his or her understanding (Bakir & Palan‚ 2010). This is not limited to social cognitive developmental toys‚ aggressive promoting toys‚ and gender stereotyping toys. Lev Vygotsky‚ a Russian Psychologist‚ created a theory of learning and development that may have implications in regard to play materials (Bradley‚ 1985). Apparently‚ children’s toys play a significant role in long-term effects
Premium Psychology Gender role Aggression
CASE PROBLEM: President’s Advisors President gets advice from his pool of advisers every time he needs to make a decision. He has 13 top advisers that he really relies on. But if all of them are involved in any decision‚ they always end up in an argument where more often than not‚ the final decision is not achieved. To resolve this‚ a scheme was devised where only 5 of the 13 will be randomly chosen to decide on a certain matter. They achieved this by having the 13 advisers arrange themselves
Premium Number Decision making President
Dinky Company produces small gadgets with brief economic lives. They have received firm commitments for one of their products in development‚ with a market life of the next three years. In order to begin production‚ Dinky must purchase additional machinery and lease additional production facilities. We will use the NPV to determine whether or not initiating production is in the best interest of Dinky Company. Question 1: Calculate Dinky’s weighted average cost of capital using market weights
Premium Net present value Internal rate of return Cash flow
many problems. Telstra is following Classical approach of management as it seeks to achieve effectiveness by focusing on task efficiencies i.e. focusing on their next G wireless broadband and not on external stakeholders (Schermerhorn‚ Davidson‚ Poole‚ Simon‚ Woods‚ Chau‚ 2011‚ pg. 183). Telstra needs to use more humanistic or contingency approach of planning. This report will argue the need for Telstra to use more contingency approach of planning to regain its market dominance. • Problem Identification
Premium Management Strategic management
of stockout will be 0.2177 At 28‚000 the probability of stockout will be 0.0582 3. Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales = 10‚000 units‚ most likely case in which sales = 20‚000 units and best case in which sales = 30‚000 units: Order Quantity: 15‚000 were cost price is $16‚ selling price $24 & after holiday selling price $5 |Unit Sales |Profit | |10‚000
Premium Normal distribution Standard deviation
Should Kids Have Toy Guns Michael Golden and Robert Shaffer both write articles on whether or not they want their kids to have toy guns. They both have different opinions on the issue and very good arguments to back up their reasons. Golden writes an article entitled “Why I Bought My Son a Toy Gun” and Shaffer writes on “Why I Won’t Buy My Sons Toy Guns.” They both respond to one important question: should young children have access to toy guns and other weapons. Toy guns are an issue that many parents
Premium
choice being impacted by gender stereotypes in toys is imagination. Imagination affects what one’s career will be‚ and toys have a direct impact on imagination. Imagination is heavily promoted by toys‚ especially wooden blocks and water tables (“Importance”). Toys can also help babies and young children develop imaginative skills through pretend play (“Impact”). Gender stereotyping causes limited imagination in kids‚ and for girls to miss out on problem solving opportunities such as pretending to be
Premium Gender Gender role Play
Gadget Toys Case Write-Up Gadget Toy Company is faced with a choice between two options to reduce project time for their new toy line. Gadget must cut down project time in order to meet their Christmas deadline that is 19 weeks away. Analysis shows that there are two critical paths for the current process‚ which is 20 weeks long and includes the following critical activities: obtain funding approval (A)‚ finalize engineering (B)‚ build dies/tools (D)‚ raw material delivery (K)‚ initial production
Premium Project management Critical path method Advertising