A cupcake manufacturing organisation uses a 'management by exception' technique when it comes to planning and control. What does this mean?

The Improvement Gap Analysis can be utilised to manage trade - offs in operational strategy. Which of the following is measured by the IGA? Select ALL that apply.

Rayan is the new CFO of an international banking organisation operating in London. He has been invited to a meeting of the top executives regarding corporate strategies and strategic resource planning. He believes that the organisation must be led by the strategy first, with resources then created to meet the requirement. Is this always the case?

Keisi is the new Operations Manager at Warehousing Logistics Corporation. She is reviewing several products sold by the organisation and deciding on the best warehousing options available. Keisi is looking at item 56283. This item is low cost, not sold in high volumes, but important to customers. Which of the following stocking policies should be used for this item?

Strategic stocking decisions are likely to change under what circumstances? Select ALL that apply.