1. Inventory Analysis” Please respond to the following: Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provide support for your recommendation. Suggest one (1) key real-world complication of Economic Order Quantity (EOQ) calculations. Indicate a way in which a financial administrator may minimize the impact. Provide support for your rationale.
2. Optimizing Staffing” Please respond to the following: Assume that you are a health care administrator in a hospital, and you are responsible for staffing levels. Suggest an approach to staffing for 24/7 coverage that optimizes patient care and minimizes cost. Provide support for your rationale. Determine one (1) key factor that contributes to the non-productive time of hospital staff. Suggest one (1) way for administrators to control this factor in order to yield more productive time. Provide an example to support your rationale.