In the replenishment area, sales and order forecasts are needed to be performed and shared. Select one: a. True b. False
Q: How can this goal be achieved? Are there alternative solutions which might also be effective?
A: The just-in-time inventory management system (JIT) is a system in which goods are received as and…
Q: Fixed Capacity
A: Revenue management is a process through which the prediction of customer demand is done in order to…
Q: There is high utilization of inventory in chase approach O a. True O b. False
A: Inventory management is a systematic approach to sourcing, storing, and selling inventory- both raw…
Q: Which of the following techniques in inventory management is used for controlling inactivity and…
A: Inventory management: Inventory management refers to a systematic approach that helps the company in…
Q: There is high utilization of inventory in chase approach 1)False 2)True
A: The correct answer is
Q: Finished goods is inventory stocked to be ready for sales to customers, Select one: True
A: An item, merchandise, goods, and material held by the organization to be sold in the market to earn…
Q: Annual demand (D) is 3,650 units (constant). Lead time (LT) is 10 days (constant). Find reorder…
A: Annual Demand = 3650 Daily Demand = 3650 / 365 = 10 Lead time = 10 Reorder Point = Daily…
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: A company had an average inventory last year of $204,000 and its inventory turnover was 6. If sales…
A: This question is related to the topic of Inventory Management and this topic falls under the…
Q: Which of the following is not a fixed order cost? ( ) Administrative costs incurred to place an…
A: Fixed costs are the portion of the total cost that does not depend on the total volume of production…
Q: Cassie Company manufactures a line of deluxe office fixtures. The annual demand for its miniature…
A: Total carrying cost = (EOQ/2)*H Where, D = annual demand = 5000 H= carrying cost = 10 S = setup cost…
Q: A logistics company applies the EOQ model to manage its inventory of spare parts used for…
A: EOQ is an ordering technique under which a company orders a determined amount of units and gets to…
Q: C&A Printing takes 10 seconds to print a page in color, but after 500 pages, the printer must be…
A: Given data is Processing time(P) = 10 seconds Cooling time(C) = 15 minutes = 15×60=900 seconds…
Q: While responding and processing customers’ orders organization have to perform many tasks as…
A: While responding and processing customers orders, Organization has to perform many tasks as…
Q: Complete the MPS record below for a single item. (Enter your responses as integers. A response of…
A: This question is related to the topic of production management and this topic falls under the…
Q: Which one of the following is not an Operational Listings or Report from the Revenue cycle? Open…
A: Operational listing includes all those elements which brings sales to the company not the element…
Q: Wholemark is an Internet order business that sells one popular New Year greeting card once a year.…
A: Formula:
Q: Which of the following production system produces one item at a time to a customer order. Select…
A: Production is an act of either manufacturing or mining or growing of goods in bulk for trade. A…
Q: Consider a two-stage plant-retailer supply chain. Lead time for orders is two weeks. Safety stock is…
A: Production planning refers to the module that utilizes the allocate the resource with the materials,…
Q: Which of the following is a valid approach to introduce safety stock for dependent demand items?…
A: Dependent demand depends on the production items. Dependent demand is considered as a demand for the…
Q: Woodwork limited manufactures luxury furniture for resale to big shops. It does not keep inventory…
A: The correct answer is “Just-in-Time system”.
Q: Quick Response is generally referred to as O a. Quick forecasting of demand O b. Quick Order…
A: Quick Order entry
Q: Instruction: How to perform simple calculations involving supply ordering, inventory control and…
A: SUPPLY ORDERING:- Supply Order means an order for supply of stores and includes an order for…
Q: A manager of a firm receives a forecast of a component for the next year. The usage rate of the…
A: Hi, we are supposed to answer 3 subparts at a time. Since you have not mentioned which subpart to…
Q: How many chairs should the firm order each time? Assume there is no uncertainty at all about the…
A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…
Q: A firm uses a fixed time period model to manage a type of bolts they keep in inventory. The average…
A: Periodic review system also sometimes know as the fixed interval to reorder system which has four…
Q: Draw a flow chart depicting the ordering process
A: A flowchart is a visual portrayal of the arrangement of steps and choices expected to play out a…
Q: snip
A: Forecasting is a technique that predicts the occurrence of some event in the future. In operations…
Q: The monthly demand What is the approximate economic order quantity? Round-up to the nearest integer
A: Economic order quanitity refers to a yechnique for inventory management that facilitates ordering a…
Q: KSK Company produces backpacks. The company's operations manager, Mehmet Akbalcık, would like to try…
A: Find the Given details below: Month Jan Feb Mar Apr May Jun Total Demand (Unit) 4800 5200 8500…
Q: Which of the following is NOT a function of inventories? Select one: a. None of the choices b. To…
A: The primary capacity of inventory is to furnish activities with a progressing supply of materials.…
Q: (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: What is the average inventory? What is the average flow time? What is the required safety…
A: NOTE: We are allowed to do the first three sub-parts only.
Q: CYCLE COUNTING AT COLE’S TRUCKS, INC. Cole’s Trucks, Inc., a builder of high-quality refuse trucks,…
A: Below is the number counted per day –
Q: XOX Corporation's management keeps track of the time it takes to process orders. During the most…
A: . Delivery cycle time = Wait time + Throughput time Throughput time = Process time + Inspection time…
Q: QUESTION: How to perform simple calculations involving supply ordering, inventory control and…
A: Inventory management refers to the process including ordering, storing and using a company's…
Q: A regional warehouse orders items once a week from a central warehouse. The truck arrives 3 days…
A: Lead time of truck = L = 3 days Demand per day = d = 20 cases Safety stock = SS = 2 days' supply =…
Q: Q1) Bullwhip effect can lead to stock shortages due to lack of proper information. Select one: a.…
A: Demand differences can chief to inventory variations to get out of controller if careful…
Q: A logistics company applies the EOQ model to manage its inventory of spare parts used for…
A: EOQ is an ordering technique under which a company orders a determined amount oif units and gets to…
Q: There is high utilization of inventory in chase approach O a. False O b. True
A: A chase strategy entails matching demand and capacity time by time. This could outcome in a…
Q: Which of the following type of inventory can be used to describe the "Cleaning materials" used in an…
A: Inventories can be of different types such as raw materials, unfinished products, or finished goods.
Q: Which of the following are considered customer service targets? All of the above % of time in stock…
A: When a marketer enters the market, he drives his efforts in such a manner to create a customer base…
Q: The bullwhip effect can be aggravated by:a) local optimization.b) sales incentives.c) quantity…
A: The bullwhip effect can be aggravated by: Local optimization Sales incentives Quantity discounts…
Q: he daily demand for printer paper at the School of Business is approximately normal with a mean of…
A: Given: Average Daily demand = 15.2 Standard deviation of daily demand = 1.6 Review period R = 30…
Q: Wholemark is an Internet order business that sells one popular New Year’s greeting card once a year.…
A: The cost of underestimating the demand is considered as a loss of profit. The selling price per cars…
Q: . CPG Bagels starts the day with a large production run of bagels. Throughout the morning,…
A: Material and Labor = $0.20 per bagel Fresh Bagel Price = $0.60 per bagel Day old bagel price = $0.99…
Q: For the following data, calculate the number of workers required for level production and the…
A: Production to be made over the period = Planned Inventory required at period end + Sum of…
Q: The lead-time is the time:(A) To place holders for materials(B) Time of receiving materials(C) Time…
A: Time-based competition is the showing of the power of time management, and how it can be used to…
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- Tuff-Rider, Inc., manufactures touring bikes and mountainbikes in a variety of frame sizes, colors, and component com-binations. Identical bicycles are produced in lots of 100. Theprojected demand, lot size, and time standards are shown inthe following table: Item Touring MountainDemand forecast 5,000 units/year 10,000 units/yearLot size 100 units 100 unitsStandard processing time .25 hour/unit .50 hour/unitStandard setup time 2 hours/lot 3 hours/lot The shop currently works 8 hours a day, 5 days a week,50 weeks a year. It operates five workstations, each producingone bicycle in the time shown in the table. The shop main-tains a 15 percent capacity cushion. How many workstationswill be required next year to meet expected demand withoutusing overtime and without decreasing the firm’s currentcapacity cushion?ABC'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:??????????????????Multiple choice questions The basic economic order quantity assumes that: Select one: a. All demand is constant, unknown and independent, without variation b. All demand is constant, known and dependent, with variation c. All demand is not constant, known and independent, without variation d. All demand is constant, known and independent, without variation e. All demand is not constant, unknown and dependent, without variation Question 3 One of success process strategies philosophies is the process foundation, which: Select one: a. Creates the supply chain of organisation to satisfy and enhance competitiveness b. Fulfills process characteristics and strategic match c. Includes subcontractors due to their link to organisational processes d. None of these e. All of these Question 4 The periodic counting system records immediate updates of inventory withdrawals Select one: a. False b. True Question 5…
- HELP! Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order. Days Wait time 15. 6 Inspection time 0.8 Process time 1.6 Move time 0.7 Queue time 3.9 Required: A. Compute the delivery cycle time in days B. Compute the Percentage of manufacturing cycle time spent on non-value-added activitiesSelect the best answer. a. Servicces are produced and consumed nearly simultaneously. b. It is nott possible to inventory service outputs. c. Servicess are delivered when customers are in close proximity to the service provider. d. All of the abovve (i.e., choices a, b and c are always true). e. Each of the chooices a, b and c is "sometimes" true and "sometimes" false.⢠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…
- KSK Company produces backpacks. The company's operations manager, Mehmet Akbalcık, would like to try alternative batch production plans using the data below. Costs Labor cost ($/hour) $12.00 Contract cost ($/piece) $90.00 Retention cost ($/unit-month) $10.00 Hiring cost ($/worker) $500.00 Layoff cost ($/employee) $600.00 Capacity data Current number of workers 200 workers Initial inventory (early January) 300 pieces Labor hours required for a product (product/hour) 5 hours Monthly working hours (employees/month) 160 hours Demand forecasts (units) January 4800 February 5200 March 8500 April 6500 May 4500 June 6200 In the light of these data, apply the following 2 alternative plans by creating tables. Indicate which plan should be preferred. a) Adjusting the labor level each month to produce to meet net demand (Demand monitoring strategy). Contract manufacturing…Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials $ 26,553 Conversion costs 8,605 Current period costs Direct materials 159,792 Conversion costs 82,020 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) Current period units started 45,200 units Ending inventory 23,000 units (75% complete as to materials, 35% complete as to conversion) Required: Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and conversion costs.i was reading this answer and the way its calculated is a longer process then what someone else wrote can you check if ishould use this one that bartleby has given me or the other one: Step 1: Basic Information The question is related to Economic order quantiy Economic Order Quantity is that level of inventory at which ordering cost and handling cost are minimum. It is calculated with the help of following formula Economic Order Quantity = √2RO ÷ C R = Annual Requirment C = Carrying or Holding cost O = Ordering Cost Step 2: Solution Economic Order Quantity = √2RO ÷ C Economic Order Quantity = √2 × 3000 × 20 ÷ 4.25 Economic Order Quantity = √28,235.294117647 Economic Order Quantity = 168.0336100834 pounds R = Annual Requirment i.e.250 × 12 = 3000 pounds per annum. C = Carrying or Holding cost i.e. £4.25 O = Ordering Cost i.e. £20 Quantity to be ordered = 168.03 pounds. Supplier = Vendor 1 should be used as the cost per pound for 168 pounds is £32.25 (as per table…
- CYCLE COUNTING AT COLE’S TRUCKS, INC. Cole’s Trucks, Inc., a builder of high-quality refuse trucks, has about 5,000 items in its inventory. Itwants to determine how many items to cycle count each day. APPROACH c After hiring Matt Clark, a bright young OM student, for the summer, the firm deter-mined that it has 500 A items, 1,750 B items, and 2,750 C items. Company policy is to count all A items every month (every 20 working days), all B items every quarter (every 60 working days), and all C itemsevery 6 months (every 120 working days). The firm then allocates some items to be counted each day.A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that after having the rounded-up EOQ, you should not round up values at intermediate steps; and, you should round T up only after the last calculation. (For example: enter 10 for 10 days.) (b) What is the current inventory position (IP) in bottles? (For example: enter 70 for 70 bottles) (c)Without safety stock, what is the replenishment level without safety stock M(AD) in bottles? Note that the question does not ask for M(ST). (For example: enter 70 for 70 bottles) (d)If today is the review day and without safety stock, what is the order quantity in bottles given M(AD)? (For example: enter 70 for 70 bottles)How to manage a order when there is lack of team members in the order management and order need to be fulfilled in short span of time in the following situations :- I) When Delivery team missing II) When Packaging Team missing III) When Billing Team missing (Answer in points only ) upvote for quality answer