Search & Filtering
From past experience, Gadge-Go has provided you with the following data about product expectations for year 1:
➢ Daily average customer sales (normal distribution - 365 days) 167 ➢ Daily sales variation (as standard sales deviation): 29
➢ Time required from factory order to arrival (days): 36 ➢ Cost of placing a factory order (translator, contract exchange): $127
➢ Opportunity cost of capital (annual): 14%
➢ “One-Tool- Caker” value $23.50
➢ Required service level 75% (company standard)
Tasks: (Total 100 marks)
1. Recommend to Gadge-go an order quantity and reorder point for the One-tool- caker based on a continuous review system for year 1.
2. For results in Part 1, provide an explanation for the method used to calculate the z-score. Is the safety stock level adequate? Why or why not?
3. Gadge-go wishes to compare results in Task 1 with a periodic review system. What review period and target inventory period would you recommend? Has the safety stock level now changed, and if so, why?
QUESTIONS / TASK:
It may be apparent that the External environment especially during the pandemic of covid-19 in which the organization operates is changing. Organizational leaders may have good ideas for how to respond, whether it be increasing competitive advantage, adding customer value, adding products/services, entering new businesses, or any of many other possible actions.
1- Identify the 90% below the water level which is ‘Invisible Organisation Culture’ where it involves strategic planning and successful implementation and change.
(Ice-berg theory) 4 pages answer
2 - Describe the impacts in the 90% components where they are the causes of the success or failures of the 10% above the water level (Visible Organisational Culture) where the study of strategic management process requires businesses to look into it. 4 pages answer
The evolution in marketing thought led to the development of the marketing concept employed by Woolworths. Explain the stage in the evolution that Woolworths is in now from below:
- Operations oriented
- sales oriented
- marketing oriented
- consumer oriented
- the strategic approach to marketing
- relationship marketing
- Write two (2) Financial Objectives that you think should be included in conducting Business Feasibility Study.
- Write two (2) Marketing Objectives that you think should be included in conducting Business Feasibility Study.
- Write two (2) Management Objectives that you think should be included in conducting Business Feasibility Study.
It has been argued that employee probation is poorly managed in most public sector organisations in Ghana. Discuss four (4) reasons why this should be of concern to public service managers.
Explain three (3) ways in which the top management of Blueline Luxury Yachts can build a competitive advantage for the business
Rohit Khurana accepted a new promotion as a manager with mixed feelings. He was proud of having his work recognized, but has some doubts about how he would like the new work. His former job as officer at Delhi Development Authority (DDA) involved regular contact with the general public, recoveries and processing their complaints, meetings with the press and image building. It was a high-profile job involving lot of exposure to media and publicity. With his job role he could build a good picture of DDA in the minds of the general public through advertisements, press conferences and television coverage highlighting the achievements of DDA in developing and constructing residential and commercial properties in and around Delhi.
a. If you were Rohit’s boss, what could you do to rectify this situation?
b. Could this situation have been avoided altogether?
Assume you have to develop an HR plan for a new generation private sector bank having branches in major towns in India: What specific external factors would be important for you to consider. Why?
From the following uniformly distributed data scene calculate the probability w.r.t statement.
The weekly output of a steel mill is a uniformly distributed random variable that lies between 110 and 175 metric tons.
1. Compute the probability that the steel mill will produce more than 150 metric tons next week.
2. Determine the probability that the steel mill will produce between 120 and 160 metric tons
Calculate the probabilities for the following statements as per the given scenario and draw the probability tree diagram also (Note: This diagram can be prepared in MS-Paint or manually). A study undertaken by the Rajan Supervisor of Elections in 2002 revealed that 44% of registered voters are ‘Dharwadi Yuth’, 37% are Rajmoti, and 19% are others. If two registered voters are selected at random, what is the probability that both of them have the same party affiliation?
