Question 4 of 29 Moving to another question will save this response Question 4 1

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Question 4 of 29 Moving to another question will save this response Question 4 1 points Save Answer Information about queuing in your system can enable you to make good decisions about your business, such as: Giving customers accurate predictions of how long the queue will be, which eases the stress of waiting Knowing when to launch incentives that influence customers when to show up ONegotiating lower prices with your suppliers The optimal number of servers to employ K Question 4 of 29 ? Moving to another question will save this

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Q4 the optimal number of servers to employ:

The information about queuing or waiting for the line in the system will clearly state how many servers are required to serve the customers. It is important since the installation of each server demands to incur the cost and if the required number of servers are not there it will lead to long waiting lines leading to loss of customer or customer dissatisfaction.

Example: McDonald’s

Q8 Since multiple options can be selected:

The answer is (a), (b) and (c)

Eliminates challenges of geographic dispersion of suppliers:

Since now the production is inhouse for all the necessary supplies the geographic dispersion of suppliers won’t be an issue. The raw material would most probably be produced in the nearby vicinity and the cost of transportation would be eliminated and the required economic order quantity could also be maintained.

Retain the profit of the suppliers:

The firm itself can produce goods according to own specifications and requirements thereby not paying the suppliers a hefty amount and retaining their profits.

Greater control over the quality of the supplier(s):

The firm can possess a greater control over the quality since now they can have customized products according to their requirements. They can easily assimilate changes and keep a check on the quality of inputs being used. This will even lead to fewer complaints in the final product.

Q11 Since multiple options can be selected:

The answer is (b), (c), (d), (e ) and (f)

The organizational culture of the supplier

In case of the acquisition, it is important to consider the culture of the organization you are acquiring otherwise the coordination between employees becomes a hassle. Setting us training and meets to bring both the culture in line requires huge cost and time of training, meets etc.

How much it would cost for an in-house gold flake production solution

It is important to estimate the cost of an in-house solution since acquisition also cost and whichever is lower in-house or acquisition should be adopted.

The supplier’s production capacity

It is important to analyze the production capacity of the producer of gold flake. It should be sufficient to meet the demand of our core business.

How many gold flakes the ice cream store thinks it will need in the future

They should only acquire if the high use of gold flake is forecasted in their core business

The price to buy the supplier

The cost of acquisition must be considered, it should not be a heavy burden on the main company’s financial position. It should not adversely affect their further growth plans.

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