Answer:
Today, it seems obvious the obsolescence of the industrial paradigm based on the optimization of processes in the supply chain as if they were specific functions, whose objective was to improve their efficiency and stability. Companies must evolve from this industrial approach based on the internal efficiency of the processes to a paradigm focused on the added value that is given to customers with a global vision of the chain. The factor that catalyzes all these changes is the increase in an increasingly demanding and personalized demand from customers. In addition, global competition allows stimulating this change and forces manufacturers to seek new ways to produce the agreement to the changing and personalized needs of the market.
Explanation:
During the 80s manufacturers used JIT, TQM and other programs to improve production efficiency. Today, when customers request more specialized products and services tailored to meet their demands. There is a growing need to make mass customized products. The manufacturers of mass-produced items are analyzing how these production practices can be modified to increase their flexibility. Customization strategies that emphasize flexibility, low cost, high quality and efficient production of small lots are gaining ground very quickly.
There is a need for the integration of business operations in the supply chain. Develop new products in which they are involved in marketing, research and development, production, logistics and finance. It is important to link suppliers in the product development process and also that of second level suppliers. Finally, the linking of the consumer and the customer is essential.
Answer:
24.9%
Explanation:
In this question, we are asked to calculate the annual that would have been earned if a comic book bought in 1963 is sold in 2021.
We proceed as follows:
Price of comic book in 1963 = $0.14 or 14 cents
Price of comic book in 2021 = $55,700
The investment period = 58 years
We represent the rate of interest earned by buying the book in 1963 and selling in 2021 as r.
The Total amount A = P(1+r)^n
55,700 = 0.14(1+r)^58
397,867 = (1+r)^58
By computation,
1+r = 1.249
r = 0.249
This means that the rate of interest earned is 24.9%
Answer:
P(13,2) = 169
Explanation:
We have to calculate the combinations for left and right shoe considering is not the same having a right shoe blue and left red than having a right shoe rend and a left red.
there are 13 pairs from whcih she will take a single pair:
where:
n = number of pair = 13
r = shoes = 2 (one on each foot)
P(13,2) = 169
Answer:
b. Hire an external consultant to pick new team members for you.
Explanation:
The most appropriate option, analyzing the scenario above, would be to hire an external consultant to choose new team members for you, due to the fact that there is difficulty in choosing the qualification of the team and the volunteers who applied for the positions, so an external consultant could take this decision based on adequate parameters and less supported by biased behaviors that could favor some more volunteer by affinity or another issue that was not purely professional. In this way, a fairer, less conflicting and appropriate contracting would occur for everyone in the organization.
Answer and Explanation:
core competency of an organization comprise it's multiple resource, capabilities and skills that gives it a competitive advantage in the market. It was originated in management theory by C. K. Prahalad and Gary Hamel.
For an organization to have core competencies in manufacturing and also research and development putting it's organizational structure and culture to use, it has to:
create a flexible and somewhat independent structure for it's research and development department such that innovation is easy. Control must be decentralized and the team must come first
For the manufacturing department, an organic and participative approach should be encouraged. This would allow inclusive management such that workers are included in decision making processes. Managers should also be given more independence while workers should increasingly be empowered
the organization should also take stringent measures in employing the right people for the research and development as well as the manufacturing department such that these individuals are qualified and possess the needed expertise for their areas. Staff should equally be empowered through constant education and new skill acquisitions and be allowed to impart this knowledge on other staff by encouraging transfers in global expansion.