Based on the previous disCussions, explain the seven deadly wastes in SCM and how it affects business operations. Inventory Waiting Over Production
Q: Inventory control is not suited for sequential processing by a computer why?
A: Inventory control is a technique of keeping the right inventory in the right place to avoid…
Q: What does stream value mapping need to be improved?
A: Value stream mapping is a technique that involves using flowcharts to log each stage of a process.
Q: The UCC only covers goods transaction, not services transactions. True False
A: The Unifrom Commerical Code is a general set of rules and regulations for firms to make business…
Q: ovide detailed examples of waste that can be eliminated with a JIT system.
A: A brief overview of Just In Time Just-in-time, or JIT, is a form of inventory management in which…
Q: A fabrication cell at Spradley's Sprockets uses the pull method to supply gears to an assembly…
A: Given data is Demand rate (d) = 624 gears per day Wait time(w) = 1.6 day Container size (s) = 80…
Q: f. Given e, what is the maximum number of orders waiting to be picked? Maximum number of orders…
A: The maximum output for any process is equal to the output at the bottlenck workstation
Q: High market complexity and low importance typify a ________ inventory type. Group of answer choices…
A: An inventory could be referred to as any material, items or finished goods stored by a company in…
Q: Discuss the concept of “drum–buffer–rope.”
A: It is a methodology in the manufacturing process to handle the bottleneck processes in a system. The…
Q: Kanban is the Japanese word for:a) car.b) pull.c) card.d) continuous improvement.e) level schedule.
A: c) card.
Q: Analyze at least 4 racking systems with respect to the efficiency and problems, your answer should…
A: Racking system is mainly used in warehouse it is a storage system that is designed to stack…
Q: Which cost driver is appropriately matched with its business? Hotel- square footage Transports-…
A: Cost driver refers to the factor that causes the change in the activity cost which reflects the…
Q: Which of the following is not used in automation of warehouse operations: a . Forklifts b.…
A: Warehouses help manufacturers, distributors, and retailers monitor inventory and store it safely.…
Q: What internal control procedure ( s ) would provide protection against the following threats ?…
A: Internal controls are the rules, regulations, and procedures implemented by a company to ensure…
Q: Process engineering and inventory management focuses on what is being carried - work, cash, and…
A: Inventory management is referred as the process of managing the inventory system through maintaining…
Q: A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its…
A: Here now solving the first part of the given question
Q: In the past, most consumer goods were made by individual craftsmen and were produced only when an…
A: Inventory management is nothing but the approach of placing orders, stocking or storing, utilizing…
Q: Kanban. Work center A produces parts that are then processed by work center B. Kanban containers…
A: Operations management deals with numerous terms related to production. Run time in a production…
Q: The production schedule at Mazda calls for 1,200 Mazdas to be produced during each of 22 production…
A: Production is the capacity and first step of converting raw material into finished goods with the…
Q: A manufacturer has a steady annual demand for 15,750 cases of sugar. It costs $9 to store 1 case for…
A: TotalCost of production q=2FMK M= total no of units F=Fixed setup cost. K= cost of storing one unit.
Q: Briefly point out those drawbacks in the pull system (JIT), due to which the production system…
A: Just-in-time is the technique of inventory management that focuses on reducing the time within the…
Q: True or false Just in Time Inventory calls for the arrival of inventory when it is not needed?
A: Inventory management is the management in which raw material and finished products are stored and…
Q: Suppose a Motorboat dealership is dealing in costly motorboats that follow the policy of carrying a…
A: Below is the solution:-
Q: Compare and contrast the concepts of order-to-cash cycle time and order cycle time.
A: order-to-cash cycle time and order cycle time
Q: A local hospital wants to set up a kanban system to manage its supply of blood with the regional…
A: Demand per day (d) = 12 pints Lead time (L) = 1 day Container size (C) = 6 pints Safety stock (SS) =…
Q: snip
A: a. D= 14,600 wooden slats per year N= 5 times n= 365 days Quanity=Demandset up size per…
Q: Identify a service or a manufacturing process that you are familiar with, and draw a current state…
A: As personally I have seen the manufacturing process of a rice production. Based on my personal…
Q: A fabrication cell at Spradley’s Sprockets uses the pull method to supply gears to an assembly line.…
A: Demand rate (R) = 500 gears per day Lead time (L) = 0.2+1.8 = 2 days Container size (S) = 20 gears…
Q: Solve the problem and indicate your answer. Department A can produce parts at a rate of 50/day.…
A: Given data is Production rate of department A = 50 parts per day Production rate of department B =…
Q: DETERMINING THE NUMBER OF KANBAN CONTAINERS Hobbs Bakery produces short runs of cakes that are…
A: Formula:
Q: A Printed Circuit Board (PCB) machine installs integrated circuits onto a board. Before starting to…
A: given, machine requires a 20-minute setup the PCB machine requires only 0.15 minute per board Demand…
Q: What are just-in-time systems? What are their advantages? Why isquality especially important if a…
A: Inventory management refers to the process including ordering, storing and using a company's…
Q: Examples of goods that can be stored in the following racking system: Drive in racking systems…
A: A racking system is a warehouse racking system to keep and store the stack materials in a systematic…
Q: A company processes feathers and ships them loose in a covered truck. The linehaul cost for an…
A: Line-Haul Cost Line Haul Cost is typically provided for the cost of traveling from origin to…
Q: Department A can produce parts at a rate of 50/day. Department B uses those parts are the rate…
A: Unused rate can be calculated by subtracting used rate of Department B from the production rate of…
Q: You operate a process with three workstations; the cycle times are given below. A regular batch is…
A: Given: You operate a process with three workstations; the cycle times are given below. A regular…
Q: Distinguish between a value stream and a waste stream for reverse flows. Give examples of each.
A: For reverse flow, the following is the difference between the benefit stream and the waste stream:
Q: Services have to be produced and consumed at the same time. This is known as: Select one: a.…
A: Services have to be produced and consumed at the same time. This is known as Inseparability.
Q: Company A grants credit terms of 30 days to Company B. The operating cycle of Company B is 20 days.…
A: The answer to the above question is option C.
Q: The Northridge Company tends to keep the inventory low. At the same time, it is important to respond…
A: Find the Master Production Schedule below:
Q: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: TJ1. In the Toyota Production System, "jidoka" refers to 1 point e. Continuous line-balancing to…
A: In Toyota’s production system, Jidoka refers to automation with a human touch. The motto of Jidoka…
Q: Capacity is the degree to which input resources are physically changed by the conversion…
A: Production in business is the process that has role of converting raw materials into final product.…
Q: A. An Electrical Company has three workshops in Koforidua, Accra and Kumasi. These workshops produce…
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A: A production plan in which hiring and firing is done to meet the exact periodic demand is called as…
Q: Discuss in detail the benefits and drawbacks for just in time (jit) inventory
A: To be determined: The benefits and drawbacks for just in time (jit) inventory. Introduction: A…
Q: Cycle counting:a) provides a measure of inventory turnover.b) assumes that all inventory records…
A: Management accounting and control may be defined as a system in which data is collected, processed,…
Q: snip
A: Given that; λ = 200 W = 30 hours To Calculate = Average items in processing system (L)
Q: time
A: The management is the responsible persons in the organization to accomplish the goals, and…
Q: You have started a new business with your friends while you are still a student. You have special…
A: “Hi, since there are multiple questions posted, we will answer the first three sub-parts of the…
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- Discuss the advantages of taking a system-wide approach to the control of inventory investment. Are there any disadvantages? If yes, discuss the disadvantages.Advantages that result from reducing raw materials inventory include all of the following except: Group of answer choices a decreased possibility of not being able to produce a unit when required a need for less storage space a reduced risk of obsolescence a reduced risk of damaged materialsThis is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed.(1) Cyclical‐ordering system.(2) Materials‐requirements planning.(3) Just in time.(4) System of fixed‐order quantities.(5) Quick response system.
- A food processor uses approximately 27,000 glass jars a month for its fruit juice products. Because of storage limitations, a lot size of 4000 jars has been used. Monthly holding cost is $0.18 per jar, and reordering cost is $60 per order. Please answer the following questions by attaching your answers in a Word or Excel document. Show all work. Round up your answers where relevant. 1. What penalty is the company incurring by its present order size. Hint: compare the cost incurred as a result of using the current order size of 4000 jars versus the cost that would be incurred as a result of using the EOQ lot size. 2. What is the number of orders per month that would be placed if the company uses the EOQ order? 3. What is the maximum number of jars that are held in inventory in a given ordering cycle using the EOQ? 4. Assume that the firm operates 30 days per month and the lead time (LT) for each order is 5 days. What is the reorder point (ROP)? Verbally interpret the meaning of this…The demand rate for an item is 12,000 per year. The cost to order is $227. The cost to hold a unit in inventory for one year is $5. Based on the average inventory level, what is the annual inventory turn rate? (round to nearest whole number) Group of answer choices 11 times 18 times 25 times 22 times 13 timesIn a typical fast-food operation, identify various forms and functions of inventory. How could investment in inventories be lowered? What might be the potential consequences?
- This is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed.(1) Cyclical‐ordering system.(2) Materials‐requirements planning.(3) Just in time.(4) System of fixed‐order quantities.(5) Quick response system. pick which number fitsAl Fursan Inc. needs 300 kgs of a material per month (four weeks). It costs RO 10 to make and receive an order, and it takes 14 work days to receive it. The annual holding cost 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. At what level of inventory in Kgs should the company be placing orders? Round-up to the nearest integerMost firms struggle with inventory issues because they do not fully embrace this fundamental principle: good models lead to accurate results.
- Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $3 per item per year, and ordering costs are $31 per order. a) What is the economic production quantity?units (round your response to two decimal places).KungFu Panda is a popular Chinese takeout in a large metropolitan city. The restaurant is famous for its noodle soup, for which special noodles are sourced from a small local authentic Chinese noodle production plant. The inventory of raw materials in the restaurant is managed by the chef’s daughter, Ms. Huan, who balances college studies with running the stock room. She only has time once a week to check inventory levels and place orders for items running low. Unfortunately, Chegg.com is not very helpful in running a real operation. To keep her chef parents happy, she wants to ensure a 98% cycle service level. Data on daily usage (demand) of noodle boxes for the past 30 days, and lead time of the last 20 orders placed with the supplier is available in the Excel file. You may assume that this data is representative and can be used to estimate demand and lead time. The cost of a box of noodles for KungFu Panda restaurant is 2$. The holding cost is 25% of an items value. See below for…Brenda opened a pool and spa store in a lively shopping mall and finds business to be booming but she often stocks out of key items customers want. The 28-ounce bottle of Super Algaecide (SA) is a high margin SKU, but it stocks out frequently. Ten SA bottles come in each box, and she orders boxes from a vendor 160 miles away. Brenda is busy running the store and seldom has time to review store inventory status and order the right quantity at the right time. She collected the following data: Demand = 10 boxes per week Store open = 48 weeks/year Order cost = $36/order Lead-time = 5 weeks Item cost = $72/box Std. deviation in weekly demand = 6 Inventory-holding cost = 25 percent per year Service level = 90 percent Brenda wants to consider setting up a fixed-period inventory system for the 28-ounce bottle of Super Algaecide (SA) SKU. At the beginning of the current week, D. J. Kole, the materials manager, checked the inventory level and found 80 units on-hand. There were no…