Explain TWO (2) example of poor material management and solution to solve of the problem.
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Explain TWO (2) example of poor material management and solution to solve of the problem.
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- The Majestic Theater had 378 cans of Kettle Corn and 132 cans of regular Pop Corn on hand at month end. During the next month Majestic sold 142 cans of Kettle Corn and 67 cans of regular Pop Corn. Cans of each cost $28.40. What is the value of the inventory on hand at the end of the second month?Max Ltd runs a factory requiring around 10,000 tons of steel annually. The company invited tenders “for the supply during the coming 12 months of Grade 1 steel, not exceeding 10,000 tons in total, delivery to be made as and when demanded by Max Ltd.” Steely Ltd tendered at the price of 400 per ton ad Max replied: “I accept your tender.” Max Ltd ordered 1,000 tons of steel which was supplied by Steely Ltd without delay and later placed a further order with Steely Ltd for 1,000 tons. This second order coincided with a national steelworkers’ strike and, as a result, the market price rose to 600 dollar per ton. Steely Ltd seeks your advice concerning the obligation to deliver the second order and how the company can safeguard its position in the future if the price of steel remains higher than the price tendered. Advise Steel Ltd.Explain the term Bulk breaking?
- Finance Mrs Banks baked some curry puffs. She packed them into boxes of 7 and had 3 curry puffs left. If she had 39 boxes of curry puffs, how many of them did she bake?A firm’s manager must decide whether to make or buy a certain item used in the production of vending machines. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows:Make BuyAnnual fixed cost $150,000 None Variable cost/unit $ 60 $ 80 Annual volume (units) 12,000 12,000 a. Given these numbers, should the firm buy or make this item?b. There is a possibility that volume could change in the future. At what volume would the managerbe indifferent between making and buying?Describe outsourcing tendering process and the steps needed ?
- DEFINE BOM (bill of materials) explosion[item#1A]Identify the type of contractual clauses in the following scenarios. Q.3.1 Tshepo pays for his sister’s university fees, however if she fails any modules he will no longer pay for her fees. Q.3.2 Anisha allows Alex to use her car for a period of two months, after which he must return it to her. Q.3.3 If Thulani passes all of his modules this semester, his brother will pay for his university fees from next semester.
- Donegal Footwear is an international supplier of outdoor footwear for adventurous families. Currently, the company uses a logistical provider to provide warehouse services and handle packages destined for ground delivery. The contract calls for $9 million in annual fixed charges, which covers the provider’s overhead and warehouse costs, and variable costsof $15 per package shipped. Recently, Donegal Footwear found a warehouse it could lease at a cost of $16 million per year, which includes lease costs, labor, and management oversight. Furthermore, the company found another provider who would deliver packages from the warehouse for $6.00 per package. Considering only costs, how many packages must Donegal Footwear ship to make the vertical integration into warehouse operations beneficial?1. Inventory management for a tyre company? 2. Process management for a tyre company?Evaluate yield management and the techniques reservation managers can use to maximise profits for an organisation.