Using a weighted moving average with weights of 0.55, 0.35, and 0.15, for periods 3, 2, and 1 respectively, find the forecast for period 4.Period, X-2-1123Select one:Output, Y456810a. 9.38b. 10.0C. 8.25d. 13.25An assembly line currently produces 1,600 bronze valves using a 10-hour shift. If productivity is increased by 10%, it would then beSelect one:a. 220 valves/hrb. 200 valves/hrc. 1,760 valves/hrd. 176 valves/hr The goal of six-sigma quality in the service industry is toSelect one:a. ensure 99.7% non-defective output because the control limits are at +3 standard deviationsb. encourage customers to change their specifications so that the process can be capablec. train all workers to be black beltsd. reduce variation so that the process will virtually always meet customer specificationsWhat name is given to the process of randomly inspecting a sample of goods and deciding whether or not to accept the whole lot based on theresults?Select one:a. Monitoring and Evaluationb. Statistical Process Controlc. Quality Assuranced. Acceptance Sampling

Using a weighted moving average with weights of 0.55, 0.35, and 0.15, for periods 3, 2, and 1 respectively, find the forecast for period 4. Period, X -2 -1 1 2 3 Select one: Output, Y 4 8 9. 10 a. 9.38 b. 10.0 c. 8.25 d. 13.25

Using a weighted moving average with weights of 0.55, 0.35, and 0.15, for periods 3, 2, and 1 respectively, find the forecast for period 4. Period, X -2 -1 1 2 3 Select one: Output, Y 4 8 9. 10 a. 9.38 b. 10.0 c. 8.25 d. 13.25

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...

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Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
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IN THE MID-1960S, WALT DISNEY’S DREAM was to build a family resort destination like no other. Thedream became a reality when Walt Disney World Resort opened in 1971, featuring Magic Kingdom asthe centerpiece. Today, millions of guests visit the Walt Disney World Resort each year to experience theworld-class theme parks and hotels. Analytics feature prominently in the operations of Walt DisneyWorld.Explain using illustrations how forecasting features in this company’s operations. (Please provide images)
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S and S thester company wabts a 3-month moving average forecast. Ticket sales over the past 3 months have been 30,000 40,000 and 37,500. what is the 3-month average forcast using the moving average formula Please do fast asap
Using exponential smoothing method, forecast the demand for the fourth period. The historical demand for the previous three periods is 40, 42, and 43 respectively, assume Alpha 0.5 (Round to 2 decimals) Select one: O a. None is correct O b. 41 O c. 42.8 d. 42.00 O e. 41.92
IN THE MID-1960S, WALT DISNEY’S DREAM was to build a family resort destination like no other. The dream became a reality when Walt Disney World Resort opened in 1971, featuring Magic Kingdom as the centerpiece. Today, millions of guests visit the Walt Disney World Resort each year to experience the world-class theme parks and hotels. Analytics feature prominently in the operations of Walt Disney World. i)Explain using illustrations how forecasting features in this company’s operations. ii)Explain at least four methods of forecasting that can be used for Disney’s purpose. Use made up worked examples.