have the following benefits; (1) reduction in transportation cost; (2) reliable and productive labour force; and (3) minimizes development cost. i. Reduction in Transportation Cost Transportation is one of the most important factors in distribution centre logistics. The cost of hauling products from a distribution centre to customers and consumers is based on fuel prices as well as driver and truck maintenance cost‚ which usually increase annually. Being in the right location is vital in minimizing
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IMPORTANT THEORY QUESTIONS IN OPERATIONS MANAGEMENT 1. Define productivity. How can it be measured? How can the productivity of an organization be increased? 2. What is the transformation process? Explain the transformation process in a restaurant. 3. How is a job shop different from the batch production process? 4. What are the differences between manufacturing and service operations? 5. What are the characteristics of a good product design? 6. What is service capacity? Which strategies
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Chapter 1 – Reporting framework and ethics 1 Financial statements Def.: Financial reporting: is the process of identifying‚ measuring and communicating economic information to others so that they may make decisions on the basis of that information and assess the stewardship of the entity´s management - provide a summary of the performance of an entity over a particular period and of its position at the end of that period - Limited liability companies are required by law to prepare and publish
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possessions. It is not easy to drag frivolous things around with you. Having less “stuff” leads to less waste. These things combined would result in a lower cost of living. This helps relieve stress often caused by often daunting bills and home maintenance. A vagabond’s life also satisfies their need for stimulation and new experiences. The transient lifestyle allows them to travel frequently. The new places and experiences location dependent events provide help to enrich their lives. A vagabond
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Blue offers a wide variety of low fares that target those leisure travelers and business persons that would have sought out alternative travel options. They emphasize low operating costs. They are fully utilizing technology with incentivized and productive workforces. They excel at maintaining high aircraft utilization by operating a single aircraft type with a single class of service as described in the Jet Blue 10-K/A pg 2. Jet Blue offers point to point flights to underserved and/or overpriced
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AIRBORNE 3 a) Airborne was very selective about the customers it served and the services it offered. Airborne targeted business customers that regularly shipped a large volume of urgent items and passed over residential deliveries and infrequent shippers. Operational Activities: Unlike Federal Express and UPS‚ Airborne owned the airport that served as its major hub. As a result‚ it did not pay landing or facility fees but had to maintain the airport itself and did not share the expenses with
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assists in HRM matters to line employees‚ and a function of every manager’s job 2. HRM consists of four basic functions: a. staffing (recruiting people); b. training and development (preparing people); c. motivation (stimulating them); and d. maintenance (keeping them). Contrast Management‚ Personnel and Human Resources Management Management is the process of efficiently and effectively achieving the objectives of the organization with and through people. Personnel and human resources management
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briefly the 12 steps he suggests towards a sustainable society. Sustainability is the capacity to endure. In ecology the word describes how biological systems remain diverse and productive over time. For humans it is the potential for long-term maintenance of well-being‚ which in turn depends on the maintenance of the natural world and natural resources. As the earth’s human population has increased‚ natural ecosystems have declined and changes in the balance of natural cycles have had a negative
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cheaper commodity. The most significant new use for iron‚ however‚ was its use in machinery. Before the sudden rise of cheap iron‚ most machinery was made from wood. Technology allowed machines to be built from iron and to become more durable and productive. Factory owners soon began to purchase only machinery made from iron. As a result‚ production levels skyrocketed in Britain. This also led to many new industrial innovations. Production increased exponentially. For example‚ these new production
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27 Theorists and Theories About Nursing and Health 323 Share on Facebook277 7 5 6 20 8 There are different nursing theories and health theories to help us explain the phenomena we are experiencing in health. Since nursing knowledge is the inclusive total of the philosophies‚ theories‚ research‚ and practice wisdom of the discipline‚ these theories define what nursing is or what sets it apart from different professions. Below is a shortlist of different health and nursing theories. Contents [show]
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