- Questions & Answers
- Get Coins
please urgent help needed
Q.3.6 Is their any Difference between low Inventory Turnover and High Inventory Turnover?
Ans 3.6 Inventory Turnover means how fast a company sell its Current batch of Products.it dictates how efficiently a company replaces a current batch of Inventories and transform them in to Sales. now the inventory turnover is bifurcated into two parts one is low inventory turnover and the other is high inventory turnover.
|Point of Difference||High Inventory Turnover||Low Inventory Turnover|
High Inventory Turnover means Company is really good in replacing the current batch of stock and is efficiently working to Increase the sales.
|Low inventory turnover means that company is not able to make good amount of sales and it has an excess amount of Stock.it show that company is overstocking or their is a deficiency in the strategies to make sales.it indicates company need to Work on the company outlook to increase sales.|
|Demand of the product||Demand of the Product is really high That is why stock is transformed into sales||Demand of the product is low that is the Reason overstocking done|
|Sales||As the Demand is high products are being Sod very Quickly||As the Demand is low so the Sales is also low|
|Indicator||Positive Indicator of effective Inventory Management||Negative Indicator of Effective Management|
Q.3.7 Is their any difference Between Flow time and take time
|Point of Difference||Flow Time||Takt time|
The amount of time a flow unit spends in a business process from beginning to end, also known as the total processing time. If there is more than one path through the process, the flow time is equivalent to the length of the longest path.
|Takt Time is a customer demand calculation that tells you how often a part should be completed by a particular process in order to meet demand.|
|Total time||It is actually the time taken by the unit to get produced.it is also called the total process time.||
Takt time is the maximum amount of time in which a product needs to be produced in order to satisfy customer demand.
please urgent help needed lakt time measure which b. I Discussion Questions ( Why Is It...
A hospital emergency room (ER) is currently organized so that all patients register through an initial check-in process. At his or her turn, each patient is seen by a doctor and then exits the process, either with a prescription or with admission to the hospital. Currently, 50 people per hour arrive at the ER, 10% of whom are admitted to the hospital. On average, 30 people are waiting to be registered and 40 are registered and waiting to see a...
Manager x + Elsevier - Microsoft Edge 0 https://connect.elsevierperformancemanager.com/content/kits/KIT-Triage-01/screen/KIT-Tage-01-0297skipped QuestionsOpen=falseBansweredOuestionsOpenaise kill ELSEVIER Progress x Patie ENA Triage: Knowledge Inventory Tool with Lesson Assignment Skipped Questions (0) Question 29 of 100 Answered Questions (28) wing You are working in the triage area of an extremely busy, overcrowded emergency department in which patients have been waiting more than an hour for a room. While escorting a patient back to the waiting area, he asks how long he will have to wait. What...
PART I: Multiple Choice Write all answers to the following questions. No partial credit available. Consumption utility is composed of price and convenience. True or False? A firm reduces inefficiencies by making trade-offs. True or False? A firm can increase its profitability by: A. increasing costs and reducing price. B. moving away from the efficient frontier. C. increasing inefficiencies. D. reducing inefficiencies. Operations comes from the Latin word "opus," which means: A. activity. B. helping people. C. improvement. D. work....
14. Which of the following statements is FALSE? A. Nonbottleneck resources have slack capacity. B. A bottleneck resource must have a utilization of 100%. C. Nonbottleneck resources have a less than 100% utilization. D. A bottleneck resource does not always have the longest processing time. 15. It matters whether the process starts empty or not when computing the time it takes to produce a certain order quantity. True or False? 16. Four employees at a fast-food restaurant each perform one...
Please provide all explanations, calculations, and formulas (like Inventory=Flow Time * Flow Rate) where possible. That would really help me understand how to solve those type of problems. Thank you! The Accounts Receivable department of Kelloggs Company, receives an average of 1,000 payments (checks) per week from retail customers like Lidl and Aldi. These checks are deposited into the bank account of the company as time permits. An inspection showed that there is an average of 600 checks waiting...
Question: The whole process before administering blood can be broken down into the following nine activities: A. Register B. Consult and take tests C. Sample blood D. Deliver blood sample to lab E. Deliver blood to bank (CBS) F. Deliver test blood to lab (CBS) G. Cross-match H. Retrieve blood from bank I. Deliver blood to the clinic (Note: Administering blood is a pure medical activity. This activity will be excluded since your the analysis will not help to reduce...
Part 1 The Striving for Perfection Urgent Care Center feels that its patients wait time is too long. The staff has noticed that increasing numbers of people are waiting longer in the waiting room. The national benchmark performance is 90 minutes or less from the time the customer arrives to the time the customer is treated and discharged. Part I The staff decides to examine the time it takes for all patients to move through their service process on two...
Cincinnati Children's Hospital had used six single-detector CT units to serve patients. The CT scans were useful for diagnosis of medical diseases through the body. In 2014 these units had been used for multiple shifts throughout the day to scan about 55,00 patients. The components of the process included patient preparation, the actual scan, and image reconstruction. One nurse and one CT technologist were required to carry out the tasks for each scan. (This is staffing need for operating each...
The Striving for Perfection Urgent Care Center feels that its patients wait time is too long. The staff has noticed that increasing numbers of people are waiting longer in the waiting room. The national benchmark performance is 90 minutes or less from the time the customer arrives to the time the customer is treated and discharged. Part I The staff decides to examine the time it takes for all patients to move through their service process on two successive days...
Healthcare Quality Management Student Workbook - 5 edition Project 3-3: Create a Cycle Time Data Collection Tool Project Description: A key measure of process efficiency is evcle time the period required to complete a function, job, or task from start to finish. Cycle time is the end result of systems and processes (how things are done). Thus, measures of cycle time are outcome measures. In this project you'll create a data collection tool for gathering cycle time data. Instructions 1....