9. The VP of manufacturing for the N. L. Hyer Company is ready to decide on her sales and oper- ations plan for next year. The firm's single product (known throughout the adult puzzle trade as "Hyer's Hexagon") is "red hot," according to the VP of marketing, so she insists that backorders are not acceptable next year. Since the United Puzzlemakers Union is trying to organize the plant, the manufacturing VP decided the number of employees must remain constant (i.e., level) throughout all four quarters. Pertinent information is as follows: Quarter 1 Production Days Demand Forecast 2 3 4 60 58 61 70 12,000 13,000 13,590 9,000 Beginning inventory = 1,000 units Regular time output rate = 10 units/day employee a. What daily production rate and number of employees will be required? b. How many units will be in inventory at the end of quarter 4?

9. The VP of manufacturing for the N. L. Hyer Company is ready to decide on her sales and oper- ations plan for next year. The firm's single product (known throughout the adult puzzle trade as "Hyer's Hexagon") is "red hot," according to the VP of marketing, so she insists that backorders are not acceptable next year. Since the United Puzzlemakers Union is trying to organize the plant, the manufacturing VP decided the number of employees must remain constant (i.e., level) throughout all four quarters. Pertinent information is as follows: Quarter 1 Production Days Demand Forecast 2 3 4 60 58 61 70 12,000 13,000 13,590 9,000 Beginning inventory = 1,000 units Regular time output rate = 10 units/day employee a. What daily production rate and number of employees will be required? b. How many units will be in inventory at the end of quarter 4?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…
Mr. Meadows Cookie Company makes a variety of chocolate chip cookies inthe plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850, 1,260, 510, and 980, expressed in thousands of cookies. During a 46-dayperiod when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively26, 24, 20, and 16. There are currently 100 workers employed, and there is nostarting inventory of cookies.a. What is the minimum constant workforce required to meet demand over thenext four months?b. Assume that cI 5 10 cents per cookie per month, cH 5 $100, and cF 5 $200.Evaluate the cost of the plan derived in part (a).c. Formulate as a linear program. Be sure to define all variables and include therequired constraints.d. Solve for the optimal solution
Question: B) Identify The Economic Order Quanitity And Consider The Implications For Making An Error In Calculating Economic Order Quanitity. This problem has been solved! See the answer b) Identify the economic order quanitity and consider the implications for making an error in calculating economic order quanitity.
Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.
6) Nicole has decided to go to school which costs her a total of P19,500 and give upi on a job that paid her P24,900 for the year. But instead, she can hope to earn P29,900 after she graduates. Nicole's opportunity cost amount to?a. P19,500 b. P24,900c. P29,900d. P5,000 7. Villanueva Enterprises reported the ff. information. What is the cost of goods manufactured in February?I. Jan. 2017 -job accumulated cost of P3,000ii. Feb. 2017 -the following costs were added to production: Job 1-P10,000 Job 2-P8,000Job 3-P7,000 III. Feb. 2017 Job 1 was completed and sold for P18,000 Job 2 was completed but not sold Job 3 remains in production b. P8,000c. P10,000 d. P13,000e. P21,000 8. Julie borrowed a certain amount from Diane on June 2016. Two years later, Julle i again borrowed P5,000. Julie decided to pay P1,000 on June 2019 and dischargei her balance by paying P7,500 on June 2021. What was the amount borrowed oni June 2016 if the interest rate is 8% compounded annually?a. P1,389.50 b.…
Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in the plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850,1,260, 510, and 980, expressed in thousands of cookies. During a 46-day period when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively 26, 24, 20, and 16. There are currently 100 workers employed, and there is no starting inventory of cookies.a. What is the minimum constant workforce required to meet demand over the next four months?b. Assume that cI = 10 cents per cookie per month, cH = $100, and cF = $200. Evaluate the cost of the plan derived in part (a).c. Formulate as a linear program. Be sure to define all variables and include the required constraints.d. Solve for the optimal solution.
Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 125 units. The following is the BOM in indented form: ITEM DESCRIPTION USAGE X Bracket assembly 1 A Wall board 4 B Hanger subassembly 2 D Hanger casting 4 E Ceramic knob 1 C Rivet head screw 3 F Metal tong 4 G Plastic cap 2 Below is a table indicating current inventory levels: Item X A B C D E F G Inventory 22 15 75 24 202 139 1,000 95 What are the Net Requirements for X, A, B, and C respectively?
This is question 24 under section 3.5. It is missing Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in the plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850, 1,260, 510, and 980, expressed in thousands of cookies. During a 46-day period when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively 26, 24, 20, and 16. There are currently 100 workers employed, and there is no starting inventory of cookies. a.What is the minimum constant workforce required to meet demand over the next four months? b.Assume that inventory cost is 10 cents per cookie per month; hiring cost is $1000 per worker, and firing cost is $2000 per worker, payroll cost is $75 per day per worker. Evaluate the cost of the plan derived in part (a). c. Formulate as a linear programming problem. Be sure to define…
Harold Grey owns a small farm that grows apricots in the Salinas Valley. The apricotsare dried on the premises and then sold to a number of large supermarket chains. Basedon past experience and committed contracts, he estimates that the sales over the next fiveyears in thousands of packages will be as follows:Year Forecasted Demand(thousands of packages)1 3002 1203 1804 1005 250Grey currently has three workers on the payroll. Assume that each worker stays on thejob for at least one year. He estimates that he will have 10,000 packages on hand at theend of current year. Assume that, on the average, each worker is paid $25,000 per year andis responsible for producing 30,000 packages. Inventory costs have been estimated to be 4cents per package per year, and shortages are not allowed.Based on the effort of interviewing and training new workers, Grey estimates that it costs$500 for each worker hired. Severance pay amounts to $1,000 per worker.(a) Assuming that shortages are not allowed,…
2. If the projected or forecasted sales of Malinao Bakery for the month of Januaryis 2100 loaves of bread, beginning inventory 50 loaves and the selling price isP50 per loaves. How much are the projected sales in peso of Malinao Bakeryfor January?A. P100,000. C. P107,500.B. P100,500. D. P105,000.