Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are to take on the role of Sue McCaskey. Address your brief to Dan Block and Ed Spriggs. 1. Download the 5-Step Critical-Thinking Decision-Making

You are to take on the role of Sue McCaskey. Address your brief to Dan Block and Ed Spriggs.

1. Download the 5-Step Critical-Thinking Decision-Making Model. (attached)

a.       Complete Step 1: Identify the problem(s) and uncertainties based on the assigned problem.

b.      Complete Step 2: Obtain Information addressing the problem(s) from Step 1 and the following:

i.           Prepare a detailed report on managing the inventory of the CF151 ceiling fan.

ii.           Prepare a detailed report on managing the inventory of the PF032 personal fan.

iii.           Present a proper inventory system and recognize all relevant costs.

iv.           By how much do your recommendations for these two items reduce annual cycle inventory, stockout, and ordering costs?

c.       Complete Step 3: Make predictions about the future on the matrix.

d.      Complete Step 4: Make decisions by choosing among the alternatives on the matrix.


2.       In MBA Business Brief format, write a one-page analysis incorporating the following:

a.       Business Brief header - The first half of opening paragraph is to provide a synopsis of the company. The second half of the opening paragraph is state the problem (From Step 1 of the model).

b.      Analysis header – The analytical section should be based on your personal assessment of the information you obtained from Steps 2 and 3 of the model. Provide only key relevant information and logical discussion in support of your findings.

c.       Conclusion header - This section should state your recommendation based on your analysis of the case information and situation outcome. (From Step 4 of the model). Your recommendation should be supported by your analysis section. 

Step by Step Solution

3.46 Rating (169 Votes )

There are 3 Steps involved in it

Step: 1

Name Course InstructorProf Institution Date Sue McCaskeys address to Dan Block and Ed Spriggs on inventory management The Franklin fan company has gro... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Learning From Data

Authors: Roxy Peck

1st Edition

495553263, 978-1285966083, 1285966082, 978-0495553267

More Books

Students also viewed these Business Communication questions