ANSWERS Answer 1: * Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain)supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material‚ usually at the buyer’s consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting
Premium Management Supply chain management Project management
Several historians have similar beliefs as to why the Russians managed to defeat Napoleon. However‚ different historians place more weight to some reasons than others. In this essay I will present the viewpoints of three different historians‚ Lefebvre‚ Thompson‚ and Connelly‚ and discuss what they argue are the chief reasons for the defeat of Napoleon. This essay will also present the viewpoints of a Napoleonic foot soldier and compare and contrast the viewpoints of the Napoleonic foot soldier to
Premium Napoleonic Wars Russia Russian Empire
A CASE STUDY IN Production and Operations Management “PACCAR TRUCK LEASING” [pic] [pic] [pic] [pic] [pic] I. Background ➢ PACCAR Inc. is a freight car and lumbering equipment manufacturer. Its primary business is building heavy-duty trucks
Premium Truck
P5 – explain how employee performance is measured and managed Describe these 3 methods of measuring performance 1. Performance indicators – performance indicators outline what an employee does right for example if they receive a 10/10 positive feedback from who they serve and zero defects. 2. Goal theory – this is a method of motivation in which someone is given a goal to work towards to so their work output will increase. 3. SMART targets - choose at 3 from this list - Sales targets – this
Premium Case study Customer service Measurement
experience in learning the fundamental concepts of operations management. This was a non-traditional and fun way to gain knowledge. I would have never imagined learning such “operational principles” in an entertaining manner. Bravo Professor Kouvelis for instituting education in creative and informative way. Now‚ on to the questions at hand… 1. Give me the definitions of throughput‚ inventory and operational expense given in The Goal. How do they compare with the traditional definitions? Do
Premium Management Project management Definition
In‚ In the Time of the Butterflies written by Julia Alvarez shows that ordinary lives can lead to heroic action. This fascinating story that shows the true story about the love between four sisters‚ and their families. Julia tells all in her heroic story through one of the Mirabal sisters‚ Maria. Maria Teresa Mirabal the youngest of the sisters was very passionate about what she believed in. Maria always looked up to her older sister Minerva and decided to join her sisters in their political activities
Premium Macbeth Duncan I of Scotland King Duncan
correct answer from amongst the options given. 5 i. Lead time variability and demand variability are considered as zero in (A) MRP Model (B) EOQ Model (A) ABC Model (D) None of these ii. Items which have moved at least once in a period of 2 years are known as (A) Non-moving (B) Slow moving (C) Both of them iii. A level at which stocks are just sufficient to meet demands during one normal lead time is known as (A) Re-order Level (B) Danger
Premium Productivity Maintenance Control chart
University of Latvia Faculty of economics and managment Course „Microeconomics” How entrepreneurs optimize costs of production. Unfortunately‚ the economy hasn’t improved in last few recession years. It is so difficult to live thru these hard times when the recession is overtaking whole worlds businesses. Companies now need to aggressively cut their costs. It’s a survival issue. It is not easy to compete in the market today. Rising prices‚ shifting fuel rates‚ global competition and varying
Premium Costs Cost Variable cost
NURSE MANAGED HEALTH CENTERS AND PATIENT-CENTERED MEDICAL HOMES COULD MITIGATE EXPECTED PRIMARY CARE PHYSICIAN SHORTAGE Des Moines University ABSTRACT There has been an enormous focus on the impending increase in baby boomers approaching the year 2025 and the predicted shortage of primary care providers. This focus has only increased with the implications the Affordable Care Act has created through its provisions of increased insurance coverage for the uninsured. The numbers
Premium Health care Healthcare occupations Nursing
Nationalism is often the shadow of patriotism and patriotism acts as a veil which conceals and justifies acts of nationalism‚ as well as‚ ultranationalism. For example‚ World War II is a case study which supports this source. World War II created a severe environment of “us vs. mankind”; nation against nation. These circumstances led to events such as the Holocaust‚ the formation of concentration camps and fanatical propaganda. When Hitler came in power during the mid 1900s‚ he had a very powerful
Premium Nationalism Nation World War II