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What Is a Core Competency Required of PHNs

question 13

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What is a core competency required of PHNs?

Analyze problems and apply models related to process layout optimization, specifically using load-distance models and Muther's grid.
Understand and apply assembly line balancing techniques and calculate their efficiency, including cycle time, minimum number of workstations, and line balancing heuristics.
Understand the implementation of layout design principles in retail and how it impacts customer exposure and servicescape.
Analyze and solve material handling and departmental layout problems using mathematical models and software tools.

Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's leverage, calculated by dividing total liabilities by total assets.

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets financed by its shareholders' equity.

Stockholders' Equity

Represents the residual interest in the assets of a corporation after deducting liabilities, essentially the net worth attributable to shareholders.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period of time, indicating efficiency in inventory management.

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