Answer:
The qualifications needed for a Logistic Planning and Management career are:
a) research skills and understanding of the product's supply chain
b) critical thinking skills
c) math and reasoning skills
d) knowledge of hazard regulations to provide safety training
Explanation:
Logistic Planning and Management involves planning. Planning requires some level of research skills and understanding of the product's supply chain. Since logistics contribute value and growth to an organization by ensuring availability of production materials, warehousing, and transportation of finished goods, critical thinking is also needed. To determine the best delivery routes and achieve cost-effective packaging of goods, maths and reasoning skills would be deployed. This makes this skill very important. The manager will also need to measure, analyse, and improvise at any time. This requirements calls for math and reasoning skills as well.
Finally, the knowledge of hazard regulations will aid the manager to provide safety training to those involved in logistics handling, including the drivers that would deliver goods to customers.
Answer:
The correct answer is option c.
Explanation:
An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.
This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.
This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.
Answer:
Manufacturing efficiency ratio= 60%
Explanation:
Manufacturing efficiency ratio measure the proportion of time it takes to perform value-added activities. This information is used to reduce time spent on non value-adding activities, thereby reducing cost and making production faster.
Using the formula
Manufacturing efficiency ratio= Value-added production time/ production cycle time
Value-added production time= Cycle time - non value-added manufacturing time
Value-added production time= 0.5-0.2= 0.3
Therefore
Manufacturing efficiency ratio= 0.3/0.5= 0.6
Manufacturing efficiency ratio= 60%
<span>Every Business is managed through many different business functions each are responsible for different areas of the business.
Marketing is responsible for sales, collecting customer demand, and to know what the needs of each customer is. Operation Managers job is looking over the production of the goods and/or services. It is the operation managers job to make sure that the company is running smooth and effective.By managing every day activities, analyzing statistics and understanding and transcribing reports, operations managers play a dynamic part in every company.</span>
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