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Amanda: Unfortunately, we don't have the luxury of time or the financial means for a preliminary training session. So, given the constraints we have, we'll have to just go ahead with our scheduled training and do the best we can with what we have. Katarina: What is this training about? Are we going to learn more about technical skills in diversity management as well? Amanda: Not this time. Apparently, the training session will be predominantly theoretical. There may be other training sessions in the future that will focus on more technical aspects, but this one is strictly from a theoretical perspective. Katarina: Well, wouldn't it just be a waste of time then? What use is a training session if it doesn't include a component that focuses on technical skills? How would that work out? I can't see the benefit of such a training exercise for our employees. Zakaria: What approach or methods will be adopted to deliver the content of the training? Amanda: For the most part, the preferred medium of delivery for diversity management training within our company is based mainly on case studies. Zakaria: Although the subject may be interesting, the lack of theory in case studies could pose a few challenges. As you know, most cases are generally specific to a given context and may not lend themselves well to other, different settings. Wouldn't you agree? Kazuo: I would have to agree with Zakaria on that point. I am not convinced that the use of case studies would be efficient. Training is an art and the only way to learn is by observing and practising what senior colleagues do. Besides, the training content is too specialized and is not specific to our company. Would that not be problematic? Katarina: Do you have a clearly defined training outline, schedule and objectives for us to look over? Amanda: The objective of the training session is to better understand how to deal with colleagues from diverse cultural backgrounds. Katarina: Isn't it simply too vague to be considered an objective? Perhaps we should be more specific and include a little more detail; we most definitely also need to find a way for it to be measurable. Otherwise, the session would not be useful to participants working in teams. Amanda: As for the schedule and the outline, the instructor will provide participants with a copy at the beginning of the training session. Katarina: It would be preferable, not to mention helpful, to have it beforehand, at least to have some time to look it over, as some of us may want to adequately prepare and research G H B E If not, what is the EOQ for Granda's Garden's order of fertilizer? Economic Order Q EOQ (Q") bags c. What is the total annual holding cost and the total annual ordering cost for Granda's Garden if they order EOQ? Holding Cost HC bags Ordering Cost OC bags d. As you change the order quantity from 1500 bags to the EOQ (calculated with question c above). how much holding and ordering cost (combined) can you save? Cost Saving dollars 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 e. What is the safety inventory required for Granda's Garden to have an 90% service level? Std Dev LTD OD bags Safety Inventory Isafety bags f. What is the reorder point for Granda's Garden for the fertilizer? Leadtime Demand LTD bags Reorder Point ROP bags 8. What is the average total inventory of the fertilizer if they order EOQ? Avg Cycle Inv Icycle bags Avg Total In bags Amanda: Unfortunately, we don't have the luxury of time or the financial means for a preliminary training session. So, given the constraints we have, we'll have to just go ahead with our scheduled training and do the best we can with what we have. Katarina: What is this training about? Are we going to learn more about technical skills in diversity management as well? Amanda: Not this time. Apparently, the training session will be predominantly theoretical. There may be other training sessions in the future that will focus on more technical aspects, but this one is strictly from a theoretical perspective. Katarina: Well, wouldn't it just be a waste of time then? What use is a training session if it doesn't include a component that focuses on technical skills? How would that work out? I can't see the benefit of such a training exercise for our employees. Zakaria: What approach or methods will be adopted to deliver the content of the training? Amanda: For the most part, the preferred medium of delivery for diversity management training within our company is based mainly on case studies. Zakaria: Although the subject may be interesting, the lack of theory in case studies could pose a few challenges. As you know, most cases are generally specific to a given context and may not lend themselves well to other, different settings. Wouldn't you agree? Kazuo: I would have to agree with Zakaria on that point. I am not convinced that the use of case studies would be efficient. Training is an art and the only way to learn is by observing and practising what senior colleagues do. Besides, the training content is too specialized and is not specific to our company. Would that not be problematic? Katarina: Do you have a clearly defined training outline, schedule and objectives for us to look over? Amanda: The objective of the training session is to better understand how to deal with colleagues from diverse cultural backgrounds. Katarina: Isn't it simply too vague to be considered an objective? Perhaps we should be more specific and include a little more detail; we most definitely also need to find a way for it to be measurable. Otherwise, the session would not be useful to participants working in teams. Amanda: As for the schedule and the outline, the instructor will provide participants with a copy at the beginning of the training session. Katarina: It would be preferable, not to mention helpful, to have it beforehand, at least to have some time to look it over, as some of us may want to adequately prepare and research G H B E If not, what is the EOQ for Granda's Garden's order of fertilizer? Economic Order Q EOQ (Q") bags c. What is the total annual holding cost and the total annual ordering cost for Granda's Garden if they order EOQ? Holding Cost HC bags Ordering Cost OC bags d. As you change the order quantity from 1500 bags to the EOQ (calculated with question c above). how much holding and ordering cost (combined) can you save? Cost Saving dollars 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 e. What is the safety inventory required for Granda's Garden to have an 90% service level? Std Dev LTD OD bags Safety Inventory Isafety bags f. What is the reorder point for Granda's Garden for the fertilizer? Leadtime Demand LTD bags Reorder Point ROP bags 8. What is the average total inventory of the fertilizer if they order EOQ? Avg Cycle Inv Icycle bags Avg Total In bags