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Forecasting (word count: approx. 200)
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Location Strategy (word count: approx. 400) Problem 2 Location of business is one of the crucial decisions that operations manager need to consider carefully. Consider you are proposing to develop a new business or expand an existing business in New Zealand. Assume that you are the operations manager of the business. Your task is to evaluate the location strategy and prepare a report. Consider two different locations in New Zealand and compare suitability of your chosen location and complete following tasks. a. Introduce your business (i.e., Product/service, target market, industry in which your business operates) either you are setting up a new business or using an existing company/business. (5 marks) b. You would need to conduct research on two potential locations (e.g., two cities in New Zealand) and  to find relevant information in regards to the following FIVE criteria:  i) cost and availability of labour ii) customer density and demographics iii) proximity of  supplier and rivalry iv) market demand of the goods/services, v)attractiveness of the location (e.g., tax, culture, climate). Explain briefly why and how these factors are relevant to your decision making. (10 marks) c. Give weight to each of the criteria and justify differential of weighting based on your research findings and based on the need of your business. (5 marks) d. Perform a factor-rating method to evaluate suitability of the locations and select the most suitable location out of the two locations. (5 marks)   
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What are the under- and over-stocking costs of a pair of boots for Teddy Bower? Assume no transportation cost, inventory cost or any other additional cost for Teddy Bower to purchase the boots from its supplier except the whole-sale price £40 per pair.If Teddy Bower decides to include these bo ...

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Questions: Critical analysis of Six Sigma implementation   The Six Sigma programme has recently gained popularity throughout the world. There are a number of claims of its successes as well as failures. Successful claims are mostly supported in the literature with the popular case studies ...

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