List three problems that inventory was meant to solve. How does the JIT producer handle these problems?
The JIT firm:
1. Handles unpredictable customer orders by reducing setup times so that goods can be made-to-order.
2. Handles high ordering costs by developing close relationships with suppliers and using only a few suppliers.
3. Handles the need to purchase more to get quantity discounts by negotiating long-term contracts with suppliers so that the price is locked in.
4. Handles potential machine breakdowns by engaging in continual preventive maintenance.
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To determine how to accommodate the inevitable lines, planners should consider ______.
a. the way the time spent waiting feels to the guest b. the capacity of the establishment c. how the organization can turn a profit d. the line type
In George’s model of authentic leadership, the central component or as he called it “true north” is ______.
A. relationships B. the leader C. compassion D. consistency
Internal reports on quality at the Acme Publishing Company generated the following information for the Trade Division for the first three months of the year: Total sales $1,000,000 Costs of quality: Prevention 50,000 Appraisal 47,000 Internal failure 36,000 External failure 64,000 Compute the ratio of costs of nonconformance to total costs of quality
a. 39.4% b. 50.8% c. 60.5% d. 100%
Discuss the crucial aspect of employment at will (EAW) where it is given first preference.
What will be an ideal response?