A. Profitability and productivity are two sides of the same coin. Discuss the relationship between them and explain how the use of materials can affect either of them.
B. Waste in both service and manufacturing organizations have common characteristics. Explain any three such characteristics as it relates to a company manufacturing pencils.
C. Capacity planning is required to match demand to supply at minimum total cost. Why is it necessary to do so? What three strategies can be adopted to match demand to supply?