3 types of goods that classify as inventory are goods awaiting sale (the merchandise of a trading concern and the finished goods of a manufacturer), goods in the course of production (work in process), and goods to be consumed directly or indirectly in production (raw materials and supplies).
We considered different staffing plans and ran Queuing Macro for average wait time. We considered adding servers and keeping one queue, and other scenarios with dedicated Fast Track Servers. We ran Queuing Macro under five different staffing scenarios: (Please note that we have dedicated Fast track servers in Scenarios 4 and 5)
Why it is important to conduct a comparative analysis of Event, Chain with other traditional methodologies and investigate how it contributes in being Successful scheduling techniques in Project Management discipline?
Inventory Management includes planning, coordination, and controlling the flow of inventory into, through, and out of company. There are 5 categories of cost that are associated with goods sold:
The exam is an individual effort and should not be discussed with others. Send your completed exam to your assignment folder by the last day of class. The purpose of the exam is to demonstrate your understanding of both written and discussion materials presented in this course. If you have any questions concerning this exam, please send me an e-mail. I will remove your name and post the question and response in the main news group.
There are many types of project management tools. From proprietary licensed tools such as Smartsheet for Salesforce, Oracle Project Planning and Control and Microsoft Project and Portfolio Management; to theoretical project management tools such as Program Evaluation and Review Technique (PERT), Gantt charts and Critical Path Method (CPM). All of these tools aim to streamline the planning,
I think the only reason the people misused the product is because those three products are too similar with each other. For the packaging, I noticed that the Pet-Dri and the Baby-Dri came from the same container which was a plastic. Most of the time customer does not care what inside the container. All they see is that both of them were in the same container. Especially when one of them was for animal and the other was for human. So we need to come up with another type of container. We can leave the Pet-Dri in the plastic container but we will change the Baby-Dri to a container paper box. When it comes to the labeling, the problem started because they almost made with material. At first, as you can see it was not a problem for the first two which was Pet-Dri and Slab-Dri . However, for the Baby-Dri is not working for us that was one of the reasons why people started to misuse the product. As we can see what is happening to our product, we need to come up with much more new material so we can have a very different labeling for the Baby-Dri . Especially when it is something that can use on babies or toddlers are very important for us to take that very serious because if anything to them we won’t be to win it in court. As the CEO want me to let you know that it does not matter
The setting of objectives for this report is to experiment with the simulated model by making various scenarios, and attempting to find the most efficient ways to make any improvements to achieve the objectives for the queueing problem at the University House Restaurant.
In project management as well as any other professional and personal day-to-day operations, individuals are called upon to make decisions. At times, these decisions need to be made on the spot during moments of crisis. In other instances, individuals have the luxury of time and are able to seek feedback and input from others. They may even leave the decision up to a democratic vote. It is critical that project managers understand how their ability to make decisions affects the project and project team. A thorough understanding of the various decision making styles allows project managers to implement the most effective method in order to reach a decision. The four decision making styles are as follows: command, consensus, consultation, and coin-flip(random).
3. Describe the value drivers of the replacement decision. 4. Calculate an appropriate discount rate for evaluating the sheeter replacement decision. 5. Perform a net present value analysis of the sheeter replacement decision. While it is possible to perform such an analysis looking at the changes in all cost items, for this analysis, please calculate the present value of future costs assuming the old sheeter is retained and assuming the old sheeter is replaced. The net present value of the replacement would be the difference between these two values.