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Management

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1. With the information provided, prepare an estimate of the total

life-cycle cost of each of the meters offered by the five potential suppliers. Which meter offers the best value? Why? 2. How much of a change in reliability is required to change your answer? 3. In negotiations, Poseidon has offered a 100% warranty for the first ten years in place of the traditional declining warranty. Does this change your answer? 4. Raccoon is so confident in the reliability of their electronic meter that they have offered to reimburse $ 100 for replacement costs and lost revenue for any failures above a 1% annual rate. How does this impact the life-cycle cost?

Develop a short procedure for managers and special continuous improvement

teams to run continuous improvement sessions. Your procedure must:
·      Outline how to run a team session to capture opportunities for improvement and share required knowledge
·      Identify how contributions from team members should be sought
·      Nominate mentoring, coaching and support process that will be used
·      Address sustainability requirements
·      Nominate how ideas and insights brought forward in the sessions will be recorded and managed