Problem
A. What types of performance measurements might be used to evaluate a fraternity or student organization?
B. How can social media enhance the sale of a physical good? A service? Provide examples. Explain.
C. Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts?
D. Provide and discuss some examples of economies and diseconomies of scale in a college environment.
E. What is vendor-managed inventory? How can it help supply chain management?
F. What is contract manufacturing? Why is it important?
G. Explain how each of the 7 QC Tools would be used in the five phases of the Six Sigma DMAIC problem solving approach. For example, in which phase(s) (Define, Measure, Analyze, Improve, or Control) would you expect to use flowcharts, check sheets, and so on?
H. The local chapter of the Project Management Institute is planning a dinner meeting with a nationally known speaker, and you are responsible for organizing it. How could the methodology discussed in this chapter help you?