Staging in a manual system corresponds to which of the following functions in a computer system?
When developing a quantitative model to support sales and operations planning (S&OP), which of the following statements is most true?
A quantitative model is a mathematical representation of a real-world situation that involves numbers, variables, equations, and logic. A quantitative model can be used to support sales and operations planning (S&OP), which is a process of aligning the demand and supply plans of an organization at an aggregate level. To develop a quantitative model for S&OP, the following statements are most true:
Staging in a manual system corresponds to which of the following functions in a computer system?
"We have observed the inventory system does not handle plastic parts well." What should be added to the problem statement to make it more useful?
Measurements are quantitative or qualitative data that indicate the magnitude, frequency, or impact of the problem. Measurements help to define the problem clearly, objectively, and specifically, as well as to establish a baseline for improvement. Therefore, what should be added to the problem statement to make it more useful is measurements that help describe the problem. For example, a more useful problem statement could be ''We have observed that the inventory system causes 15% of plastic parts to be damaged or misplaced every month, resulting in $10,000 of additional costs and 5% of customer complaints.''
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