Compare the Wilson approach with Lean Six Sigma methodologies in terms of their impact on inventory optimization and operational excellence.
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Compare the Wilson approach with Lean Six Sigma methodologies in terms of their impact on inventory optimization and operational excellence.
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- Annual precipitation at rain – gauge station X and the average annual precipitation at 20 surrounding rain – gauge stations are given below. Examine the consistency of data at station X. Indicate at what year a change in regime has occurred and how are you going to make the necessary adjustmentsThe director of surgery at a local hospital is interested in understanding his unit’s costs. An assistant collected data for the past 36 months on unit cost (labor, supplies, and so on) along with the number of procedures performed in the unit. The assistant analyzed the data using a spreadsheet program, and the following output was generated. Equation Intercept $ 1,013,000 Coefficient on procedures $ 210 Statistical data Correlation coefficient 0.553 R2 0.303 The unit is planning to perform an average 13,500 procedures per month for the coming year. Required: a. Use the regression output to write the surgical unit cost equation. b. Based on the cost equation, compute the estimated costs for the surgical unit per month for the coming year. c. The director of surgery has asked you for advice on whether he should rely on the estimate.It has been theoretically and empirically generalized that Recency is always the most important factor for classification of customers in RFM analysis. True False
- Suppose we have a business of supplying fruits and vegetables to customers. So How to manage a order when there is lack of team members(more then 3-5 employes on leave on same time ) in the order management and order need to be fulfilled in short span of time in the following situations :-I) When Delivery team missing II) When Packaging Team missingIII) When Billing Team missing (Answer in points only ) upvote for quality answerThe revenue cycle is a method of defining and maintaining the processes used for the completion of an accounting process for recording revenue generated from services or products provided by the company, which include the accounting process of tracking and recording transaction from the beginning, normally which starts from receiving an order from the customer or entering in agreement with the customer, delivering an order to customer and end with getting payment from the customer. The figure on the next page describes the different business activities of four departments, including (1) Sales Department, (2) Accounting Department, (3) Warehouse/Shipping, and (4) Mailroom. Required: Based on the below figure, discuss the uncontrolled risks associated with the system as currently configured? And describe the controls that need to be implemented into the system to mitigate the risks in the given scenario.Assume Sandra's forecasted ADR for the night is $1600.99. What would be her estimated total room revenue for this day? ADR = Total room revenue / Number of rooms sold
- Nelson Ads is a London based advertising firm having many branches across UK. It provides digital marketing services to small vendors & enterprises. Every day, the clerical staff at Nelson performs many essential tasks like maintaining customer details, processing advertising requests, estimating ads budget, sending reminder notice to customers with outstanding payments, entering the payments received against the work, and preparing list of payment defaulters. While the management team mostly monitors important business activities through various reports like monthly requests received, monthly outstanding payments, quarterly defaulters list, weekly customer follow-ups, weekly payments received etc. Martha has recently joined this firm as data analyst and she needs to classify the activities into two groups - OLTP vs OLAP. As an IT professional, you need to help her to identify OLTP & OLAP operations from above case.Balanced Scorecard SCOR Model EVA - Economic Value Analysis The Logistics Scoreboard ABC - Activity-Based CostingWhat type of time-series components would you expect for the following products and services?a. Monthly sales of a retail florist.b. Monthly sales of milk in a supermarket.c. Daily demand in a call center.
- The customer are complaining to the hotel general manager about the service provided from front desk and restaurant how can the general manager reduce variability and increase consistencyDataSpan, Incorporated, automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Throughput time (days) Delivery cycle time (days) Manufacturing cycle efficiency (MCE) Percentage of on-time deliveries Total sales (units) 1 2 Month ? ? ? ? ? ? 91% 86% 3,460 3,312 Move time per unit Process time per unit Wait time per order before start of production Queue time per unit Inspection time per unit 3 ? ? ? 82% 3,143 4 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: ? ? ? 78% 3,025…The demand analysis aims to develop an understanding of customer perceptions of a product or service. Select one: True False
