Very good documents to study this class, Schemes and Mind Maps of Business

Download Very good documents to study this class and more Schemes and Mind Maps Business in PDF only on Docsity! representatives meet with customers to develop a sales plan for the coming year. The sales plan details prior year sales, current year sales and year-to-year sales growth. Each customer can estimate how many products they plan to buy from the sales representatives the following year. Each customer signs the sales plan, and the sales representatives forward it to their sales managers. The sales managersthen tally up the estimated sales and forward the totals onto the vice president of sales. The vice president then announces what the predicted sales for the companywill be for the coming year. + What was used to predict sales for the coming year? + The buildup method I costs and holding costs. However, they also understand that ordered items usually cost less per unit when purchased by the case rather than individually. * Which inventory management model should they = use? * Quantity discount model reatest benefit to this company? + Determining opportunities through the examination of previ- ‘ously under-served markets installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to which of the following? — * -An increase in legal costs quality from an external perspective. In order to create a quality product, what should the company do first? * Implement quality function deployment quality from an external perspective. In order to create a quality product, what should the company do first? — * Implement quality function deployment