Two of Your Employees Return from a Conference

question 9

Essay

Two of your employees return from a conference.Price has a stack of business cards and is delighted that he met so many people.Marie sheepishly says that she really only met four people.She has set up a follow-up meeting with one of them.She said the others are not interested in your product at the moment.She discloses that she helped one business owner with a school for her daughter and shared a recipe for rhubarb pie with another.Discuss who may have done the better job of networking, and support your conclusion.

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Definitions:

Lost Sales

Revenue opportunities foregone due to stockouts, production constraints, or market limitations.

Setup Time

The amount of time required to prepare equipment, machinery, or systems for operation or production.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, typically calculated as the value-added time as a proportion of the total throughput time.

Value-Added Time

The duration during which a product or service is being modified or enhanced to increase its value to the customer.