The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Ja
nice's nominal income rose by 4% from December 2008 to December 2009 while Jeff's increased by only 2%. By what percentage did each of their real incomes change?
As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.
Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.
Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.
Angelica's decision to completely redesign Mucho Dinero's organization indicates that she believes the best approach to her firm's problems is
A. restructuring.
Explanation:
Angelica has found that the problem that riddles her company is not something from the outside that can be cured from bailing out certain elements but comes from within in that it is imbibed in their own structure as a firm.
This means that they are lacking in communication between different structures inside the company. So the restructuring of the functional structures keeping in mind communication flow can do the trick for the firm.
