Discussion

MGT323

200-300 discussion questions week 3-5

Week 3

Prior to beginning work on this discussion forum, read Chapter 6 in the textbook.

A level production strategy relies on a constant output rate and capacity, while varying inventory and backlog levels to handle the fluctuating demand pattern. Describe why a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique..

Week 3

Prior to beginning work on this discussion forum, read Chapter 8 of the textbook, and watch the video,  How Toyota Changed the Way We Make Things (Links to an external site.) .

Review the various Lean production and Six Sigma quality tools outlined in Chapter 8. Select a tool or process that could be implemented in your current or past organization and describe how this tool could be used in improving supply chain management.

Week 4

Prior to beginning work on this discussion forum, read Chapter 10 of your textbook and Macnish and Ana’s (2019) article,  Case Study—Customer Relation Management, Smart Information Systems and Ethics (Links to an external site.) .

Based on the content presented in these readings, describe the strategic importance of CRM, and discuss how the digital world has transformed CRM practices and relationships between customers and companies.

Week 4

Prior to beginning work on this discussion forum, read Chapter 9 of your textbook, the Villena and Gioia’s article (2020),  A More Sustainable Supply Chain: Companies Tend to Focus on their Top-Tier Suppliers, But the Real Risks Come Lower Down (Links to an external site.) . Lastly, watch the video,  The Breakdown of Global Supply Chain (Links to an external site.) .

When making purchasing decisions, should a corporation reduce its ethical standards in order to allow the company to compete internationally? Take a position and defend your answer.

Week 5

Prior to beginning work on this discussion forum, read Chapter 13 in your textbook.

Some of the key issues in supply chain management are obstacles to process integration along the supply chain. Using Table 13.2 from Chapter 13, “Obstacles to Supply Chain Integration,” identify an obstacle that you have encountered in your professional experience, or use a hypothetical example, and how that obstacle could have been avoided. In addition, describe the linkage between supply chain strategies and internal functional strategies of the company.

Week 5

Prior to beginning work on this discussion forum, read Chapter 14 of your textbook.

Using the balanced scorecard approach, detailed in Chapter 14 of your textbook, the four key metrics are Financial Perspective, Internal Business Processes, Learning and Growth, and Customer Perspective. Identify one metric that you would propose for your organization’s supply management system and how you measure this key metric in your supply chain. Be sure to name the company you are using as an example and briefly identify the business that this company is in.

BUS 461

200-300 words

Week 3

Prior to beginning work on this discussion forum, read Chapter 7: Sampling and Sampling Distributions.

For your initial post,

· Provide an example of when you might want to take a cluster random sample instead of a simple random sample.

· Explain what the advantages of a cluster sample might be.

· Explain how you would choose the cluster sample.

Week 3

Prior to beginning work on this discussion forum, read Chapter 9: Hypothesis Testing.

Apex Sports is thinking about entering the golf ball market. The company will make a profit if its market share is more than 15%. A market survey indicates that 128 of 758 golf ball purchasers will buy an Apex Sports golf ball.

In your initial post, answer the following questions:

· Is the market survey alone enough evidence to persuade Apex Sports to enter the golf ball market?

· How would you use hypothesis testing to help you make your decision if you were Apex Sports management and you required 90% confidence in your market research results? Does hypothesis testing support or not support entering the golf ball market? Show all your work.

· Besides the market survey results, what other considerations might enter your decision on whether to enter the golf ball market?

· If Apex Sports decides to enter the golf ball market, what are their probabilities for success?

Week 3 Assignment

Confidence Intervals

[WLO: 2] [CLOs: 1, 3]

Prior to beginning work on this assignment, read Chapter 8: Confidence Interval Estimations.

You may find it helpful to review  Excel Tutorial - Calculating Confidence Intervals (Links to an external site.)  and  How to Calculate Confidence Intervals in Excel (Links to an external site.) .

In this week’s reading, the text discussed different types of samples and their distributions, and sampling errors, probabilities, and confidence intervals. Using Excel, complete the problem below. This is similar to Problem 33 in Chapter 8.

Problem: You have been assigned to determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 90% confidence, the proportion of people preferring Coke to within 5% of the actual value? Show all of your work.

In your Excel spreadsheet,

· Identify the sample size.

· Utilize the support tool of Excel.

· Present any equations utilized.