I’m working on a data analytics multi-part question and need an explanation to help me study.Hi, I need help for my homework questions. I have attached the question 1 and below are the rest of the questions.
Thank you
2. Why is it beneficial to create a process flow diagram? [1 paragraph, bullet points are fine]
3. Capacity Fundamentals: In general, for a process running at full capacity, the utilization of the bottleneck task is (numeric answer):
4. Explain the difference between Throughput Time and Cycle Time. [1 paragraph, bullet points are fine]
5. Capacity Analysis: Teslow Motors’ factory operates 24 hours per day, 7 days per week. The main production line has a cycle time of 159 seconds. To increase capacity, Teslow has opened a second production line in a tent. Total production, using both lines, is 5,000 cars per week.i. What is the cycle time of the second production line?
[Write out the answer and the calculations]ii. The second production line suffers from many breakdowns and stoppages. Total production is still 5,000 cars per week. When it is operating, the cycle time on the second production line is 5 minutes. How many hours per week is the second production line actually operating?[Write out the answer and the calculations]6.
Performance Measurement : Your business is changing quickly, and you need to identify some new metrics. What are a few of the most important considerations as you do this? (This is about the characteristics of good metrics; do not provide a list of metrics.) [2-4 sentences/bullet points.]
7. The company you just joined does not have any program or culture around process improvement. As a new middle manager in the company, your goal is to create lasting improvement in several key processes. What should you do prior to selecting or implementing a process improvement program? [1 paragraph, bullet points are fine]
8. Six Sigma: What is the primary concept of Six Sigma? [One sentence/bullet point.].
9.What is the ultimate goal of applying the technique of the “5 Whys”? [1 sentence/bullet point]
10. Lean Operations: The lean philosophy prefers to “pull” material rather than “push” it. What are the prerequisites for a “push” approach to be successful? [1 paragraph, bullet points are fine]
11. Inventory Fundamentals: Last year, Trader Bob’s turned its inventory approximately 30 times. COGS were 60% of Sales, and Sales were about $14 billion. What was Trader Bob’s average inventory (in dollars)? [Write out the answer and the calculations]
12. Supply Chain Strategy : Apple computer is coming out with the new, limited-edition iPhone X-Prime, with a screen made of recently-discovered transparent titanium. The screen is fabricated by a single supplier using a cutting-edge crystallization process, that has highly variable yield, and uncertain lead time. Apple has booked pre-orders for six months worth of demand, and will ship the X-Prime only to those lucky customers who have successfully pre-ordered. No additional units will be manufactured. Using the framework in the latter part of “Introduction to Supply Chain Management”, which supply chain strategy should Apple use for the iPhone X-Prime: Efficient, Responsive, Risk-Hedging, or Agile? Briefly justify your answer; be specific. [1-2 paragraphs, bullet points are fine.]
13. VMI : What are the main benefits of “vendor-managed inventory” to the retail partner? [1 paragraph, bullet points are fine.]
14. You work for an international manufacturing company with suppliers all over the world. How can your company prepare to minimize disruption if another pandemic were to occur in a few years? Be specific. [1 paragraph, bullet points are fine]
15. Explain the difference between speculative capacity and reactive capacity. [1-2 sentences/bullet points]
16. The Cloud: How is the cost structure different for on-premise vs cloud? [1 paragraph, bullet points are fine.]
17. Scoping an Analytics Project: A large video streaming service is experiencing a high rate of customer loss, which is hurting its profitability. The company wants to develop an analytics solution to help identify customers who are most likely to terminate their accounts in the next six months. The company can then reach out to these customers with special offers, recommendations, and other things that might prevent them from terminating. Answer in terms of specific metrics.
A) What is the value to the business of the analytics solution? [1 paragraph, bullet points are fine]
B) What are the possible risks/negative consequences of the analytics solution? Answer in terms of specific metrics. [1 paragraph, bullet points are fine]
18. Robotic Process Improvement: Give an example of a process that would not be suitable for RPA, and explain why
