18eded lo use a level strategy, keeping the number of employees constant, to keep employee goodwl. Ed's will use all of the following EXCEPT OA layoffs. OB overtime/undertime Oc. anticipation inventory OD. backorders
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- Holding cost = $7 per unit per month Subcontracting cost = $65 per unit Regular time labor cost = $15 per hour. Each worker works 8 hours per day as regular time laborers Overtime labor cost = $19 per hour for hours above 8 hours per worker per day Hiring cost = $40 per worker Firing cost = $80 per worker Demand during the month of June = 640 units Labor hours per unit = 3 Beginning inventory in July = 150 units Please follow the outlined strategy accurately. The strategy is to fulfill the gross demand in each month, storing any excess units in a warehouse as inventory. The warehouse can only hold 300 units maximum, so any additional units that cannot be warehoused will have to be scrapped and sent to a recycler at a cost of $50 a unit. The recycler will dispose of the units in an environmentally friendly manner. The workers employed during a month, working 8 hours a day as regular time labor, produce exactly the gross demand in the previous month. For example, the regular time labor…Which of the following assumptions is not one of the Economic Order Quantity Model assumptions, which is the most basic of the Inventory models? a) No out of stock allowed B) Materials must be delivered in one go c) Ordening and receving times are known and fixed d) The supplier is allowed to make a dscourt based on the order quuantity e) Demand is known and foxed⢠1An advantage of a make-to-stock process is which of the following? o It responds directly to customer orderso It allows the firm to avoid inventory costso Rapid delivery of a standard producto All units of output are uniqueCorrect⢠2According to Littleâs law, which of the following can be used to estimate inventory?o Set up time times throughput rateo Process time times cycle timeo Process velocity times flow timeo Throughput rate times flow timeCorrect⢠3Which of the following is a principle of reengineering? o Integrate the outcomes of parallel activitieso Organize around the taskso Treat geographically dispersed resources as though they were centralizedo Capture information many times, at the source and where it is interpretedCorrect⢠4Which of the following is one of the major types of stakeholders impacted by most consulting projects?o International government regulatorso Other consultantso…
- . CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p.m. andthe store closes at 8 p.m. It costs approximately $0.20 in materials and labor to make a bagel. The price of a fresh bagel is $0.60. Bagels not sold by the end of the previous day are sold the next day as “day old” bagels in bags of six for $0.99 a bag. About two-thirds of the day-old bagels are sold; the remainder are just thrown away. There are many bagel flavors, but for simplicity, concentrate just on the plain bagels. The store manager predicts that demand for plain bagels from 3 p.m. until closing is normally distributed with a mean of 54 and a standard deviation of 21. a. How many bagels should the store have at 3 p.m. to maximize the store’s expected profit (from sales between 3 p.m. and closing)? (Hint: Assume day-old bagels are sold for $0.99/6 = $0.165 each; that is, don’t worry about the fact that…A company orders 250 units of a product each time the inventory drops below 175 units. If the average weekly demand is 75 units and the lead time for orders to be delivered is two weeks, how much inventory does the company hold on average? PLEASE SHOW CALCULATIONS/ EXCEL WITH FORMULASThe purpose of inventory is a. to fill unused shelf space. b. to keep sales staff busy moving stock. c. to keep enough items on hand to satisfy expected customer demand. d. all of these. e. a and b only.
- Please complete the sup part: e,f and g. 1.B&H needs to decide how to manage its inventory of cameras. The demand for cameras at B&H is 200 cameras per week. Each time that B&H places an order for a new shipment of cameras, it must pay $80 in fixed processing fees. A camera costs B&H $60 to purchase. The cost for B&H to hold a camera in its store for one week is $4. Assume that the lead time for the delivery of a camera is 0 weeks.a. Suppose that B&H places orders for cameras in quantities of 50 cameras at a time and places a new order for cameras each time that it runs out. Draw a graph showing the number of cameras that B&H has on-hand in inventory at each point in time up until the time when it places its fourth-order. Label the points in time at which B&H places a new order. Assume that B&H places its first order for 50 cameras on day 0.b. Suppose again that B&H places orders for 50 cameras at a time. What will be B&H’s average holding…The spreadsheet model for Sam’s Bookstore containsa two-way data table for profit versus order quantityand demand. Experiment with Excel’s chart types tocreate a chart that shows this information graphicallyin an intuitive format. (Choose the format you wouldchoose to give a presentation to your boss.)Backorders: A company is working on its quarterly aggregate production plan. Its quarter forecasts are 6000, 1000, 2500 and 2000, respectively. Suppose that it will use a level plan with backorders (one that produces at the average demand over the four quarters). What is the ending inventory in Quarter 3? (Do not round your intermediate calculations. Round your final answer to the nearest whole number. Only enter the number. Do not enter any units.)
- The stock in the second bin in a two-bin system is equal to Select one: O a. 50% of the order quantity O b. Order quantity O c Lead time demand O d. Same as the first bin O e. None of the aboveABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: Numeric Response:??????????????????Op2. If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an Inventory Turnover of 4.54 times this suggests that company "A" does a better job of managing their inventory. True or false