“Ms. Searfoss, the owner of two running stores in Darien and…

“Ms. Searfoss, the owner of two running stores in Darien and Ridgefield, Conn., would normally have about 3,000 pairs of shoes in stock ahead of the holiday season. But as she watched supply chain concerns in Vietnam mount this summer and into the fall, she secured a new storage facility and is now carrying around 4,100 pairs. It’s a costly gamble for Ms. Searfoss, who said she was extended about $165,000 more than she would typically be in November because of worries about potential shortages. “It’s placing a big bet and anticipating that what all the analysts are saying is correct,” Ms. Searfoss said. “Usually, we get through the New York City Marathon and then we stop buying shoes — we sell off what we have and go into January super, super lean. But we’re being told not to do that because there’s just not going to be any shoes.”…” (NYT, Nov. 30, 2021). This excerpt demonstrates the tradeoffs business are having to make between:

For extra credit: On your scratch paper, please draw (to the…

For extra credit: On your scratch paper, please draw (to the best of your ability) the project create by Kevin Pohls (first Project Management video) that was shown in class. Make sure to write your name clearly on the paper next to the drawing. In a few words describe what you drew (write N/A if you did not):

During the exam, you are permitted to access the formula she…

During the exam, you are permitted to access the formula sheet below ONLY in electronic format. Important: Please click on the formula sheet link below (also provided on this page) now and keep it open in another window  – DO NOT exit [x] that tab – until the end of the exam. OSCM373-Exam-2-Formula-Sheet I will keep the formula sheet in a separate tab until the end of the exam.