please do 3.1 and 3.2 .. please give a detailed answer Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achievinghigh turnover rates?Q.3.2 What are the major cost categories that CoolClothes Manufacturers canimplement when identifying and assessing Cost of Quality (COQ)?Q.3.3 Explain the two possible dangers that CoolClothes Manufacturers can experiencewhen having a high inventory tumover rate.Q.3.4 How can CoolCothes make use of Lean design to improve their customersatisfaction? Use the Scenario below to answer Question 3:CoolClothes Manufacturers is a large clothing manufacturing company based in Johannesburg,CoolClothes not only manufactures their own clothing line, they also distribute it to the variousfashion outlets throughout the country. As the Head of Operations for CoolClothes, you havenoticed a steady decline in demand over the last six months across all fashion outlets. Uponinvestigation, it has become apparent that the decline is as a result of customer dissatisfaction inthe quality of the clothing found in stores. You are unsure of whether it is worth manufacturingat the same quantity or not given the decline in demand.

Turnover rates differ by business, high turnover normally implies a problem with employee…

Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover rates? Q.3.2 What are the major cost categories that CoolClothes Manufacturers can implement when identifying and assessing Cost of Quality (COQ)?

Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover rates? Q.3.2 What are the major cost categories that CoolClothes Manufacturers can implement when identifying and assessing Cost of Quality (COQ)?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Question-1- Please read the scenario below and answer the questions. The maximum word-count limit of each answer is 200 words. Mention separate heading for each part. Controlling inventory is one of Wheeled Coach’s toughest problems. Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an inability to deliver promptly, chaos on the assembly line, and a huge inventory investment. Wheeled Coach finds that almost 50% of the cost of every ambulance it manufactures is purchased materials. A large proportion of that 50% is in chassis (purchased from Ford), aluminum (from Reynolds Metal), and plywood used for flooring and cabinetry construction (from local suppliers). Wheeled Coach tracks these A inventory items quite carefully, maintaining tight security/control and ordering carefully so as to maximize quantity discounts while minimizing on-hand stock. Because of long lead…
Question-1- Please read the scenario below and answer the questions. The maximum word-count limit of each answer is 200 words. Mention separate heading for each part. Controlling inventory is one of Wheeled Coach’s toughest problems. Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an inability to deliver promptly, chaos on the assembly line, and a huge inventory investment. Wheeled Coach finds that almost 50% of the cost of every ambulance it manufactures is purchased materials. A large proportion of that 50% is in chassis (purchased from Ford), aluminum (from Reynolds Metal), and plywood used for flooring and cabinetry construction (from local suppliers). Wheeled Coach tracks these A inventory items quite carefully, maintaining tight security/control and ordering carefully so as to maximize quantity discounts while minimizing on-hand stock. Because of long lead…
Q.4 Explain the difference between a time series model and an associative model. Under what conditions would one model be preferred to the other? Q.5 Explain why lean production and Six Sigma are so important to successful supply chain management. Q.6 What are the impacts of logistics on environmental sustainability? How can these impacts be minimized?
Q4: How does ZipCar create value for customers (i.e. the value proposition of ZipCar)?
Question 1 This type of supply chain allows companies to react to disruptions in the supply chain in a particular region by moving production to a different region: 1. Accountable. 2. Agile. 3. Adaptive. 4. Lean. Full explain this question
Exercise 1: You are the operations manager at the company Servicios de Salud, Inc., which provides care services to the elderly. An important aspect of your job is ensuring that nursing homes have a healthy inventory of nutritional drinks for residents. Below is the historical demand for the product for one year: Month Historical demand (boxes) Forecasted demand (boxes) January 300 February 340 March 370 April 410 ¿? May 470 ¿? June 570 ¿? July 630 ¿? August 720 ¿? September 640 ¿? October 460 ¿? November 420 ¿? December 390 ¿? a. Calculate the average demand for each period from April to December using the 3-month simple moving average. Presents calculations and findings in a clear and organized manner. b. Discuss any trends or patterns observed in the calculated moving average demand values. c. Make an interpretation of the results and their implications for forecasting…
Q-1. it patronage income is distributed back to the members on a non-qualified basis, who Initially pays the tax? Options: No tax is paid because it is distributed on a non-qualified basis No one initially but the farmers will pay the tax when they receive the cash The cooperative The members Q-2. In the early 2000s, the Farmland Industries bankruptcy caused a lot of financial stress for Kansas grain marketing and farm supply cooperatives. To deal with this stress, most co-ops wrote down unallocated equity values. Why did they take this action? Options: It was to the benefit of the member because non-members mostly paid for the losses incurred by the cooperative It was to the benefit of the member because unallocated equity is directly tied to the copperative Members actually voted for this decision because they wanted to lose their allocated equity Members would benefit because writing down unallocated equity actually caused them to own a smaller percentage of the cooperative and…
Q.No.1. For Marketing & order tracking purposes, which software & techniques will you choose? And Why?
Weaknesses of Magstar Total Retail Notwithstanding the system's many advantages, there are a few potential drawbacks to consider. Despite having CRM features, Magstar Total Retail could not be as feature rich as standalone CRM systems. Some users could discover that the CRM's features are constrained or lacking in sophistication. Magstar Total Retail interacts with other systems, however doing so may make it more challenging to use data from other systems to increase the effectiveness of the CRM capabilities. The efficiency of Magstar Total Retail's CRM capability, as with any CRM system, is heavily reliant on user acceptance. The effectiveness of the CRM may not be as high as it could be if users are not properly trained on the system and do not use it regularly. Despite the system's flexibility, making changes and editing information within the various systems is complex. Users discover that there are only a few options for customizing CRM functionality for specific businesses.…
Q4. What are the various types of inventory? Explain each type in brief.
Q18 Describe the type of resources needed for different types of events.
Question 1 What kinds of input or output documents or forms would you find in the production (or conversion) cycle? Question 2 Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?