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Business Finance – Management homework

see attached

HOMEWORK 1: 5 pages with 2 references

Instructions:

This homework assignment is meant to ensure understanding of the material contained within the module and reading assignments. Utilizing information contained within the module, text, and additional research, answer the following questions.

1. Describe each part of the DMAIC model.

2. Describe how the DMAIC and DMADV models are different.

3. What are some misconceptions and myths about LSS?

4. Describe the expected knowledge and skills of a Yellow Belt certification.

5. When using a distance-based approach to determine facility location, why is it important to use latitude/longitude and demand rather than revenue for customer locations?

6. Explain the overall concept of locating facilities using a distance-based approach.

7. Why is having a supportive organizational design important for successful SCRM?

8. What are strategic risks and how can organizations avoid them?

HOMEWORK 2: 5 pages with 2 references

Instructions:

This homework assignment is meant to ensure understanding of the material contained within the module and reading assignments. Utilizing information contained within the module, text, and additional research, answer the following questions.

1. Explain the 8 Wastes (Muda) of Lean and provide an example of each.

2. Provide an example concerning how 5S can help an organization and support both Lean and Six Sigma concepts.

3. How does Just-In-Time (JIT) fit into Lean Six Sigma.

4. Describe the different types of insurance available to help address hazard risks.

5. How can running financial ratios and the Z-Score help prevent some financial risk?

6. Why is service level important to determine in a supply chain networking analysis?

7. Why is capacity so difficult to determine in warehouses?

Warehouse Capacity – Are you Running Out of Warehouse space?

Here is a short video to give three simple ways to improve warehouse operations and potentially find more space. Also a link to another group of supply chain resources is
59 Things.

HOMEWORK 3: 5 pages with 2 references

Instructions:

This homework assignment is meant to ensure understanding of the material contained within the module and reading assignments. Utilizing information contained within the module, text, and additional research, answer the following questions.

1. What are some supply/supplier risks and provide some potential remedies?

2. Describe the process of Business Continuity Planning (BCP)

3. Describe several types of corruption risk within the supply chain and some potential remedies.

4. When adding outbound transportation to a transportation model, why is determining cost per unit so difficult?

5. What happens in the optimization program if you use either all fixed or all variable costs for facilities?

6. Describe a good LSS problem statement.

7. Describe the 5 Whys root cause analysis.

HOMEWORK 4:
5 pages with 2 references

Instructions:

This homework assignment is meant to ensure understanding of the material contained within the module and reading assignments. Utilizing information contained within the module, text, and additional research, answer the following questions.

1. Describe the Governance, Risk Management, and Compliance (GRC) Framework.

2. What is the difference between deterministic and probabilistic models? Which is better for evaluating risk?

3. Describe how to use the SIPOC LSS tool.

4. Describe the difference between an actual baseline and an optimal baseline model for network design. Why are both important?

5. Describe the additional complexity with using a three-echelon vs two-tier network model.

USE REFERENCE: Watson, M.; Lewis, S.; Cacioppi, P.; & Jayaraman, J. Supply Chain Network Design: Applying Optimization and Analytics to the Global Supply Chain (2013) 1st edition. Pearson FT Press ISBN 978-0133017373

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