Answer:
The correct answer is: implement and evaluate the chosen solution.
Explanation:
Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.
Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.
<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.
<em>I hope this information can help you.</em>
Answer:
A. III only
Explanation:
One of the very useful tools in project management analysis is the PERT and CPM.
PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.
While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.
Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.
Answer:
The answer is: 4) More frequently than not, the three objectives are compatible.
Explanation:
Toyota is famous for its Just in Time (JIT) management. They are the absolute kings of efficient supply chain management and they were able to do it by making the three objectives compatible. That doesn't mean that they all have to be dealt with at the same time and with the same intensity.
Toyota's first goal was to reduce costs and in order to reduce costs they had to increase their inventory turnover. Then they discovered that in order to keep increasing inventory turnover, they had to compress their cycle time. When they were able to compress their cycle time, their turnover increased even more and their costs were lowered. The system produces continuous feedback and their efficiency keeps increasing.
I once visited one of their factories that produces almost 500 pickup trucks per day and every single work station had available inventory for only 4 trucks; only 4 engines, 16 doors, etc. It is amazing how they do it considering that every 3 minutes one truck is fully produced.
The three objectives are not only compatible, but they are absolutely necessary for the SCM to be effective.
Answer:
The minimum cost will be "$214085".
Explanation:
i) When quantity = 1-1500, price = $ 12.50 , and holding price is $12.50 * 20 %= $2.50.
ii) When quantity = 1501 -10,000, price = $ 12.45 , and holding price is $12.45 * 20 %= $2.49.
iii) When quantity = 10,0001- and more, price = $ 12.40 , and holding price is $12.40 * 20 %= $2.48.
know we should calculate the total cost of EOQ1 and break ever points (1501 to 10,000)units
The total cost is less then 15001. So, optimal order quantity is 1501, that's why cost is = $214085.
Answer:
False
Explanation:
Based on the information provided within the question it can be said that this statement is False. The term that actually provides a better understanding of this is Community Needs Assessment: Purpose, since the main goal of the community needs assessment is to meet the needs of children, youth, and families by identifying the strengths and resources available in the community.
