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Question 1 of 30
A manufacturing company is looking to enhance its supply chain efficiency by investing in skills development for its employees. They have identified three key areas for training: data analytics, lean manufacturing principles, and supply chain risk management. The company plans to allocate a budget of $150,000 for this initiative. If they decide to invest 40% of the budget in data analytics training, 30% in lean manufacturing principles, and the remainder in supply chain risk management, how much will be allocated to each training area? Additionally, if the company expects a 15% increase in efficiency from data analytics training and a 10% increase from lean manufacturing, what will be the total expected increase in efficiency based on these investments?
Data analytics: $60,000; Lean manufacturing: $45,000; Risk management: $45,000; Total expected increase in efficiency: 25%
Data analytics: $50,000; Lean manufacturing: $40,000; Risk management: $60,000; Total expected increase in efficiency: 20%
Data analytics: $70,000; Lean manufacturing: $30,000; Risk management: $50,000; Total expected increase in efficiency: 30%
Data analytics: $55,000; Lean manufacturing: $50,000; Risk management: $45,000; Total expected increase in efficiency: 22%

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