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Operations management

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Distinguish between dependent and independent demand in a McDonald's restaurant, in an integrated manufacturer of personal copiers, and in a pharmaceutical supply house.

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-- Distinguish between dependent and independent demand in a McDonald's restaurant, in an integrated manufacturer of personal copiers, and in a pharmaceutical supply house.

Response: Independent demand is the demand affected directly by consumer purchases. It is the demand for final products, products consumed by customers. Measuring level and uncertainty is the key to manage the independent demand successfully. Forecasting techniques are used to measure various characteristics of independent demand. Inventory management and related issues like safety stock, stocking points are crucial in managing the independent demand.

Dependent demand is the demand, which is affected by the demand for final products or independent demand. It is the demand for components/parts/items of final/end product. ...

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Solution differentiate between dependent and independent demand in a McDonald's restaurant, in an integrated manufacturer of personal copiers, and in a pharmaceutical supply house.

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See Also This Related BrainMass Solution

Operations Management: Operating Expense & Inventory Expense

QUESTION:

Relating to operations management state how "Throughput, Inventory & Operating Expense relate to successful & in some cases unsuccessful business operations practice"

ADDITIONAL INFO:

Throughput means the rate at which an organization generates money through sales, if something has been produced but has not been sold then it is NOT throughput.

Inventory means money invested in purchasing things that are intended to be sold.

Operating expense means money spent in order to turn inventory into throughput (Inc. Labour, management, computers etc).

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