3 Problems seen in the situation:1. It does not earn too much but it makes sales enough for maintenance, salaries, income, andsavings.2. Company B makes use of a traditional inventory wherein they manually count their stocks andmoney.3. They only have one supplier for liquors. For other supplies which are accessible, they usually buyfrom the wet market nearby.Goal:The company will achieve their goals and improve its operations with the best use of computertechnology. This can be done with the right evaluation and proposal of solutions through this businesscase.Proposed Solutions:Solution for no. 1- Digital marketingSolution for no. 2 – Perpetual Inventory SystemSolution for no. 3 – Supplier Quality Management SystemWere my proposed solutions right?I have already researched to come up with these solutions, but I am still doubting if they are the rightones because I have a hard time comprehending how they will fully work with the problems.Or, Can someone help me have a better solution if there is any? Or, if the solutions are alreadyreasonable, can someone help me comprehend them better on how they will work with the problems?

From the case details, the following information can be extracted. 1. The company is not earning…

Answered: 3 Problems seen in the situation: 1. It…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Table below is the cost breakdown per pound for typical big three cereal firms and private labels, which is constructed based on the Exhibit 2 and other information of RTE cereal case. Analysts believe that big three firms can drive private labels out of the market if big three lower their prices by 8 cents. What is the best recommendation of strategist to big three firms? Exhibit 2. Cost Breakdown per Pound for Typical Big Three Cereal Firms and Private Labels (a) Big three should lower their prices by 8 cents because it will increase their market share. (b) Big three should not lower their prices because it is too cruel to private labels. (c) Big three should consider if the profit when they drive private labels out of the market while lowering the price is greater than the profit when they let the private label in the market while keeping their prices. (d) None of the above. Explain each of the alternatives.
Mt. Kinley is a strategy consulting firm that divides its consultants intothree classes: associates, managers, and partners. The firm has been stable in size for the last 20years, ignoring growth opportunities in the 90s, but also not suffering from a need to downsize inthe recession at the beginning of the 21st century. Specifically, there have been—and areexpected to be—200 associates, 60 managers, and 20 partners.The work environment at Mt. Kinley is rather competitive. After four years of working as anassociate, a consultant goes “either up or out”; that is, becomes a manager or is dismissed fromthe company. Similarly, after six years, a manager either becomes a partner or is dismissed. Thecompany recruits MBAs as associate consultants; no hires are made at the manager or partnerlevel. A partner stays with the company for another 10 years (a total of 20 years with thecompany).A. How many new MBA graduates does Mt. Kinley have to hire every year?B. What are the odds that a new hire…
Summertime Products makes outdoor shirts. Data relating to the coming year’s planned operations follows: Sales (200,000 shirts) P 5,000,000 Cost of good sold 3,500,000 Gross profit P 1,500,000 Selling and administrative expenses 1,100,000 Income P 400,000 The factory has capacity to make 240,000 shirts per year. Fixed cost included in cost of goods sold was P 1,000,000. The only variable selling, general, and administrative expenses are a 10% sales commission and a P 2.00 per shirt licensing fee paid to the designer. A chain store manager has approached the sales manager of Summertime Products offering to buy 30,000 shirts at P18 per shirt. These shirts would be sold in areas where Summertime’ shirts are not now sold. The sales manager believes that the accepting the offer would result in a loss because the average total cost of a shirt is P 23 ([3,500,000+P 1,100,000]/200,000). He feels that even though sales commissions would not be paid on the order, a loss would still result.…
Kraft Bakeries introduced in 2019 a new line of frozen apple pie. For 2019, sales by quarter were asfollows: 11,000 units, 16,000 units, 15,000 units, and 20,000 units. Because of aggressive marketing and promotion, the company expects that sales for each quarter of 2020 will be 25% higher thanthe respective quarter in 2019. The selling price per unit in 2020 is expected to be $4. What are theexpected sales, in units and dollars, for the second quarter of 2020? For the third quarter of 2020?
b) Suppose a monopolistically competitive firm operates in a long run which produces 40 units of output at 120 taka per-unit cost (average total cost). Also MC of producing 40 unit output is 60 taka. By using this information, show the long run situation of a monopolisticallycompetitive firm in an appropriate diagram. c) Calculate excess capacity if socially efficient output is 100 units. Show it in graph too. [Note: b) and c) are related questions and draw separate graphs for each question]. Show all step. Answer must be correct.
KC Mechanic ShopKC Mechanic Shop was established by Mr. John, a seasoned mechanic who has over 20 years ofexperience in the automotive repair industry. It is located in a suburban area with high trafficThe shop has 10 skilled technicians who handle the majority of repair work, with two officemanagers and an operations manager who are responsible for strategic planning and overseeingthe operations and customer services. Establishing good mission and vision for the shop is avery important responsibility of management since these have implications for the shop’ssurvival.Services OfferedKC mechanic shop specializes in the repair and maintenance of vehicles such as cars, trucks, andSUV’s. It operates in a customer- facing environment, where customers can drop off theirvehicles for service, repairs, or maintenance. It has a wide-ranging clientele, including individualcustomers, corporate fleets and dealership.The mechanics employed by the shop are trained professionals who are responsible…
KC Mechanic ShopKC Mechanic Shop was established by Mr. John, a seasoned mechanic who has over 20 years ofexperience in the automotive repair industry. It is located in a suburban area with high trafficThe shop has 10 skilled technicians who handle the majority of repair work, with two officemanagers and an operations manager who are responsible for strategic planning and overseeingthe operations and customer services. Establishing good mission and vision for the shop is avery important responsibility of management since these have implications for the shop’ssurvival.Services OfferedKC mechanic shop specializes in the repair and maintenance of vehicles such as cars, trucks, andSUV’s. It operates in a customer- facing environment, where customers can drop off theirvehicles for service, repairs, or maintenance. It has a wide-ranging clientele, including individualcustomers, corporate fleets and dealership.The mechanics employed by the shop are trained professionals who are responsible…
One Stop Car Repairs One Stop Car Repairs is a very popular mechanic shop that caters for Japanese, American and Europeanvehicles. It is located on the outskirts of the capital where the level of economic activities is fairly high.At the garage, mechanics replace vehicle parts, change oils, wash engines, clean the interior align wheel,repair transmissions etc. The garage stocks parts that are used in its operations on a regular basis. This hasits advantages and disadvantages to the business. The Operations Manager has to ensure that not toomuch of the company’s funds are tied up in stock. Therefore, it is very important that the most accurateforecasts are done. The company collects data on the actual demand for its services and uses this data tomake forecasts. The actual number of transmissions that were repaired for the last ten periods are asfollows:-Period Transmissions repaired1 362 333 404 415 406 557…
Refer to the context provided in Activity 2.1.1. relating to Garden-William Logistics. Garden-William Logistics is primarily responsible for sourcing clothes made in Indian and China and transporting it to South Africa for sale. Assume now that a warehouse was procured in the Ballito area of KwaZulu-Natal. As the warehouse manager, you are excited about the possibilities for growth and expansion this new acquisition brings. As such, you are eager to get started planning the warehouse operations and processes. Consult this Figure 4.2 on page 101 of your prescribed textbook as a point of reference. Using any application of your choice, conduct research on product flows in a warehouse in which the following information is included: Design a product flow diagram for Garden-William Logistics’ new warehouse that stores imported clothes. You must include a brief explanation outlining the flow of products in the warehouse and justify your layout.
Pls do fast and i will give like for sure Solution must be in typed form If next years total sales are forecasted to be 4536 and the cyclical index for the busiest month was 1.77, what would the forecasted demand be for that busiest month? a. 703 b. 7982 c. 669 d. 378
1.Why is sustainability an important component in a firm's strategy development. 2. What production strategy would you say best describes the construction of the akosombo dam. 3. Identify the production process likely to be used By a paper mill and justify your answer. 4. Explain why capacity is a major operational issue with service organizations.
(a) Explain how the long-run average cost curves will differ between a private hospital and a soft-drink manufacturing company, and discuss how this would affect the optimum output level in each company. (b) Formidable Manufacturing Company has the following cost functions in the short run, where production level, Q is measured in ‘000s of units:?? = 0.5?3 − 2?2 + 5??? = 7(i) Calculate the optimum output level for this company in the short run (ii) Calculate the marginal cost for this company at a production level of 2,500 units(iii) The industry for in which Formidable Manufacturing Company operates classifies its members by the following output:Size Micro Small Medium LargeOutput (Q): 0-1000 1000-3000 3000-6000 >6000In the long run, the AVC for this industry is given by: ??? = 0.4?2 − 3? + 15.Determine the optimum plant size for this industry. (c) In merging with Air Jamaica, Caribbean Airlines sought to gain an advantage from operating with economies of scale. Discuss the ways in…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

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

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS