Differentiate between economic order quantity and economic production quantity..
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Differentiate between economic order quantity and economic production quantity..
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- What are four characteristics of the order point system?4) The cost driver for demand creation activity is: a. Increase in sales b. Number of orders c. Value of stock d. Value of materials storedAccording to the text, increasing the quantity and quality of service makes it more difficult to compete on ______.A. order qualifiersB. customizationC. qualityD. price E. flexibility
- Inventory shrinkage how doeds it work?23. Norina Corp. Uses 10,500 yards of material X each day to make shirts. It usually takes 10 days from the time Norina orders the material when it is received. If Norina desired a safety stock of 21,000 yards, What is the order point?Ordering of goods or materials in a way that they are delivered to the factory without storage Explain?
- Quantity Ordered From To Price Per Roll 1 and up Order Quantity 1 86 2 452 3 492 4 191 5 356 6 148 7 342 8 382 9 276 10 118 11 464 12 188 13 25 14 427 15 30 16 111 17 161 18 314 19 442 20 429 21 451 22 32 23 181 24 163 25 336 26 240 27 68 28 317 29 435 30 211 31 76 32 374 33 415 34 408 35 196 36 302 37 312 38 31 39 317 40 394 41 348 42 49 43 500 44 490 45 94 46 285 47 237 48 101 49 53 50 257 51 273 52 415 53 346 54 133 55 287 56 431 57 113 58 197 59 6 60 328 61 114 62 207 63 273 64 257 65 113 66 400 67 324 68 500 69 60 70 117 71 466 72 370 73 293 74 164 75 63 76 252 77 394 78 109 79 233 80 340 81 430 82 210 83 363…Briefly define or explain each of these terms:c. Inventory recordsshow work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?
- Discuss and explain fixed order quantity models ?A. Determine the order quantity. B. Determine the reorder point.PT Bulan Sabit is a company engaged in fan manufacturingair conditioner with the following production datai. Setup fee = $15ii. Inventory cost per fan per year = $ 125iii. Production capacity per day = 246 fansiv. Production time per fan = 2 daysv. Fan requirement per year = 20,000 fansvi. Safety stock = 1/2 day fan productionIf PT Bulan Sabit wants to implement Kanban, then calculate the needs of the companyas follows:a) Explain the definition and purpose of kanban b) Specify production order quantity c) Calculate the container kanban that must be provided by PT Bulan Sabit Assuming the time used is per year 50 weeks and 5 days per week