L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Value Dollar Inventory (units) ($/unit) Volume 4.00 360 300 120 65 60 35 20 12 10 7 6 4.00 2.50 1.30 1.75 1.75 1.15 2.05 1.60 2.00 3.00 1,200 300 105 23 25 14 18 3,286 % of Dollar Volume 36.51 9.13 3.20 0.70 0.75 0.43 0.55
Q: Discuss which supplier control strategy PepsiCo Jamaica should implement to remain competitive with…
A: The supply chain that connects a company to its suppliers is managed methodically through a supply…
Q: RISK MANAGEMENT IN PURCHASING/PROCUREMENT CASE STUDY A survey by Capgemini Research Institute…
A: Risk management is the process of identifying the risk and transferring those risks that can impact…
Q: How many observations should a time study analyst plan for in an operation that has a standard…
A: Here, let me note the given data, The standard deviation =1.1 minutes per piece The margin of…
Q: Give only typing answer with explanation and conclusion 1. Assuming your level of customer service…
A: Customer service refers to the assistance and support provided by a business to its customers…
Q: Establish the risk appetite of the oil and gas organization and present the relevant risk appetite…
A: Risk appetite refers to an organisation's willingness and capacity to take on and manage risks to…
Q: State and Description of the TOWS MATRIX STREANGHT THREATS of Apple company.
A: The TOWS Matrix is a strategic planning tool that helps organisations identify and leverage their…
Q: F Question Viewer 16 E F 20 Based on the activity time estimates, the expected times for each of the…
A: Expected Time: The expected time represents the best estimate of the time required to complete an…
Q: Discuss the ethical considerations and social responsibilities that managers face in making business…
A: Managers play an important role in organisations, and their decisions and actions have a significant…
Q: 3.1Identify five common underlying causes of resistance to change. 3.2Explain how you can…
A: 1) Fear of the unknown = People has a fear because they are unsure of how a change would affect…
Q: 1. A small building contractor has recently experienced two successive years in which work opportu-…
A: Find the Given details below: Given details: Alternative Next year Demand Low High Do…
Q: Complete the table with the values of the 3-unit moving average of the given function: x r(x)…
A: "Since multiple questions are asked, we will answer the first question for you. If you want any…
Q: The concept of _ (blank) _ refers to the psychological forces that determine the direction of an…
A: Using motivation as a phrase, we may say: A reason for doing anything; a cause or motive for doing…
Q: This paper aims to explicate the three-sphere model utilised in systems management and its…
A: The three-sphere model is a useful framework in systems management, providing insights into managing…
Q: A production system requires four machines with the following productivity and layout:
A: The capacity of the system is the capacity of the machine with the least output per unit time As…
Q: Operation challenge of kemflo canada inc. that needs to be solved and the root problem? Analysis of…
A: Operational challenges refer to the difficulties and obstacles faced by an organization in the…
Q: Can a process stop? Give reasons.
A: A process is a series of activities that have to be performed to transform the input into output. A…
Q: discuss importance of project resource planning and its impact on project success
A: A proven approach for maximizing resource usage across projects is planning and arranging resources.…
Q: In supervision leadership. Unpredictable Management. How do you as a manager deal with…
A: Leadership is the ability of an individual to guide, motivate and influence a group of people which…
Q: Describe the key elements of project management and the skills required for successful project…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: Explain and provide an example of each one of the 6 leadership traits from the reading materials.…
A: Answer) Let us consider an example of the automotive industry from the reading material to explain…
Q: I was asking for help on question number 3 not number one 3. Refer to Problems 1 and 2. Construct a…
A: Given details: Alternative Next year Demand Low High Do nothing 50 60 Expand 20 80…
Q: Discussion on Marketing How can supply-chain management increase efficiency and customer…
A: Supply chain management plays critical role in the success of a company's marketing efforts. It…
Q: evaluating strategies on a continuous rather than a periodic base is desired?
A: In today's dynamic and rapidly changing business environment, evaluating strategies on a continuous…
Q: Your company imports decorative planters from Italy. Weekly demand is 1,500 units on average, with a…
A: Here, First, I would determine the annual demand, The annual demand=weekly demand×total weeks in a…
Q: Discuss which supplier control strategy Pepsi Co Jamaica should implement to remain competitive with…
A: It is a strategy that describes how the company is going to perform with suppliers to get the…
Q: Which of the projects above would you begin first, how should risk be identified during your…
A: Here, I have been given the opportunity to act as a project manager for a hospital, here, there are…
Q: mportance of risk management from client's perspectives
A: Risk management is the process of identifying, assessing, and mitigating risks to minimize their…
Q: Calculate the critical path of the following plan:
A: The critical path is a term used in project management to identify the sequence of activities that…
Q: What types of orientation for new employees should direct supervisors provide at the work site?…
A: Employee orientation, also known as onboarding, is the process of introducing new employees to an…
Q: Slove this problem to create one excel file with cells that contain the formulas used to derive the…
A: Decision-making is the process of selecting the best decision that helps the organization in…
Q: These are all conversation roadblocks EXCEPT which one? Group of answer choices Although I might not…
A: We can't connect, work together, and challenge prejudice and discrimination if we can't talk about…
Q: a) Based on the activity time estimates, the expected times and variance for each of the activities…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: What inventory costing methods are used for American Eagle Outfitters
A: A specialty retailer of casual clothing, accessories, outerwear, and footwear for both men and…
Q: Be as thorough and complete as you can. Show relationships between those operations activities to…
A: To ensure a flawless flight experience, airlines orchestrate a comprehensive array of operations…
Q: A Cell Phone Manufacturer is developing a new cell phone and currently has two models under…
A: The expected value strategy, also known as the expected monetary value (EMV) strategy, is a…
Q: ) Based on the given information regarding the activities for the project, the project length = )…
A: Project management is the process of managing, creating, organizing, and delegating responsibility…
Q: Read 3.3 Compensating Global Employees. Once you've completed the reading, imagine you have been…
A: Multinational enterprises (MNEs) frequently rely on their domestic management teams to take on…
Q: A manager wants to assign tasks to workstations to achieve an hourly output rate of 33 units. Assume…
A: Find the Calculation methods below: CycleTime = Available timeDemandMinimum number of Workstation =…
Q: 1.7 Hokey Min's Kleen Karpet cleaned 65 rugs in October, consuming the following resources: Labor:…
A: Given that: Rugs 65 Labor 520 13 Solvent 100 5 Machine Rental 20 50 Remember that:…
Q: Dave's latest start (LS) and latest finish (LF) are: The slack times are: The activities on the…
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: Sandwich chain Eggslut opens at Scotts Square Famed Los Angeles egg sandwich chain Eggslut is…
A: Eggslut, a well-known sandwich restaurant established in Los Angeles famed for its egg-centric…
Q: In a vertically integrated company, a commonly used pricing rule for transferred resources allows…
A: A standard pricing guideline for transferred resources in a vertically integrated corporation allows…
Q: On December, 15th 2013, there was an attempted coup in South Sudan. Although the coup plot was…
A: Conducting a thorough market study is essential if you're a consultant advising merchants on how to…
Q: Explain method. Process vs. programme?
A: Answer) A method in operations management is a systematic approach or collection of techniques used…
Q: How can we effectively manage and mitigate risks associated with our supply chain, including…
A: Supply chain management (SCM) refers to the coordination and integration of all activities involved…
Q: What are the key considerations in selecting the right mix of products for a wholesale portfolio?
A: Product mix, also known as product assortment, refers to all of a company's offered goods and…
Q: Demand forecast for product A is twenty units per week. There is a scheduled receipt of 100 units…
A: Demand forecast = 20 unitsOpening inventory = 56 unitsOrders of week 1 = 24 unitsOrders of week 2 =…
Q: b) The critical activities for the leadership training program development project are c) The…
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: In the past, we employed arbitrary intervals to organise massive volumes of unstructured data. Just…
A: In a team-based organisation, each individual is valued and appreciated for their contributions,…
Q: Present a brief plan for applying ChemSTEER (pollution prevention tool) into manufacturing…
A: Aggregate planning is a strategic process that helps organizations establish a high-level plan for…
Subject-advance maths
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility: Item Unit Cost Usage Item Unit Cost Usage K34 $10 200 F99 20 60 K35 25 600 D45 10 550 K36 36 150 D48 12 110 M10 16 25 D52 15 110 M20 20 80 D57 40 120 Z45 80 200 N08 30 40 F14 20 300 P05 16 500 F95 30 800 P09 10 30 Determine the percentage of items in each category and the annual dollar value for each category for part bYour company makes hand sanitizer in two lines: Moisturizing+, and StandardSoap. On the market, Moisturizing+ retails for $175/L and StandardSoap retails for $95/L. You make the hand sanitizer by combining lotion, soap, and secret ingredient SpecialX. These ingredients are purchased from a mysterious supplier, and you can purchase at most 4000L of lotion, 5000L of soap, and 750L of SpecialX in a month. Lotion costs $25/L, soap costs $10/L, and SpecialX costs $35/L. To make 1L of Moisturizing+, you need to combine 0.5L of lotion, 0.3L of soap, and 0.2L of SpecialX. To make 1L of StandardSoap, you need to combine 0.4L of lotion, 0.55L of soap, and 0.05L of SpecialX. Your company has committed to donating 500L of StandardSoap to a local charity. Since this is a donation, you will not receive any revenue. However, the costs and purchasing limits apply to both the hand sanitizer that is sold on the market and donated to charity. You want to maximize your monthly profit. Assume that…A distributor of large appliances needs to determine the order quantities and reorderpoints for the various products it carries. The following data refer to a specii c refrigeratorin its product line:Cost to place an orderHolding costCost of refrigeratorAnnual demandStandard deviation of demand during lead timeLead time$10020 percent of product cost per year$500 each500 refrigerators10 refrigerators7 daysConsider an even daily demand and a 365-day year.a. What is the economic order quantity?b. If the distributor wants a 97 percent service probability, what reorder point, R, shouldbe used?
- A firm is faced with the attractive situation in which it can obtain immediate delivery of an itemit stocks for retail sale. The firm has therefore not bothered to order the item in any systematicway. Recently, however, profits have been squeezed due to increasing competitive pressures, andthe firm has retained a management consultant to study its inventory management. The consultanthas determined that the various costs associated with making an order for the item stockedare approximately $30 per order. She has also determined that the costs of carrying the item ininventory amount to approximately $20 per unit per year (primarily direct storage costs and foregoneprofit on investment in inventory). Demand for the item is reasonably constant over time and the forecast is for 19,200 units per year. When an order is placed for the item, the entire orderis immediately delivered to the firm by the supplier. The firm operates 6 days a week plus afew Sundays, or approximately 320 days per…A firm is faced with the attractive situation in which it can obtain immediate delivery of an itemit stocks for retail sale. The firm has therefore not bothered to order the item in any systematicway. Recently, however, profits have been squeezed due to increasing competitive pressures, andthe firm has retained a management consultant to study its inventory management. The consultanthas determined that the various costs associated with making an order for the item stockedare approximately $30 per order. She has also determined that the costs of carrying the item ininventory amount to approximately $20 per unit per year (primarily direct storage costs and foregoneprofit on investment in inventory). Demand for the item is reasonably constant over time and the forecast is for 19,200 units per year. When an order is placed for the item, the entire orderis immediately delivered to the firm by the supplier. The firm operates 6 days a week plus afew Sundays, or approximately 320 days per…A firm is faced with the attractive situation in which it can obtain immediate delivery of an itemit stocks for retail sale. The firm has therefore not bothered to order the item in any systematicway. Recently, however, profits have been squeezed due to increasing competitive pressures, andthe firm has retained a management consultant to study its inventory management. The consultanthas determined that the various costs associated with making an order for the item stockedare approximately $30 per order. She has also determined that the costs of carrying the item ininventory amount to approximately $20 per unit per year (primarily direct storage costs and foregoneprofit on investment in inventory). Demand for the item is reasonably constant over time and the forecast is for 19,200 units per year. When an order is placed for the item, the entire orderis immediately delivered to the firm by the supplier. The firm operates 6 days a week plus afew Sundays, or approximately 320 days per…
- A firm is faced with the attractive situation in which it can obtain immediate delivery of an itemit stocks for retail sale. The firm has therefore not bothered to order the item in any systematicway. Recently, however, profits have been squeezed due to increasing competitive pressures, andthe firm has retained a management consultant to study its inventory management. The consultanthas determined that the various costs associated with making an order for the item stockedare approximately $30 per order. She has also determined that the costs of carrying the item ininventory amount to approximately $20 per unit per year (primarily direct storage costs and foregoneprofit on investment in inventory). Demand for the item is reasonably constant over time and the forecast is for 19,200 units per year. When an order is placed for the item, the entire orderis immediately delivered to the firm by the supplier. The firm operates 6 days a week plus afew Sundays, or approximately 320 days per…L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) For the following three questions, consider only items 1289, 2349, and 8210from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as .L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code Avg. Inventory (units) Value ($/unit)1289 380 3.252347 300 4.002349 120 2.502363 70 1.302394 60 1.752395 25 1.756782 20 1.157844 12 2.058210 10…
- 3. Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for $12 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $1 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 15 pounds. a) What is the cost of underestimating demand for each pound? b) What is the overage cost per pound? c) How many pounds of oyster should she order each day? d) What is the stockout risk for this order size?Hayes electronics assumed with certainty that the ordering cost is $450 per order and the inventory carrying cost is $170 per unit per year. However, the inventory model parameters are frequently only estimates that are subject to some degree of uncertainty. Consider four cases of variation in the model parameters as follows: (a) both ordering cost and carrying cost are 10% less that originally estimated, (b) both ordering cost and carrying cost are 10% higher than originally estimated, (c) ordering cost is 10% higher and carrying cost is 10% lower than originally estimated, and (d) ordering cost is 10% lower and carrying cost is 10% higher than originally estimated. Determine the optimal order quantity and total inventory cost for each of the four cases. Prepare a table with values from all four cases and compare the sensitivity of the model solution to changes in parameter values.The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility. Transcribed Image Text: Item Unit Cost Usage Item Unit Cost Usage K34 $10 200 F99 20 60 K35 25 600 D45 10 550 K36 36 150 D48 12 90 M10 16 25 D52 15 110 M20 20 40 08 200 D57 120 245 80 NO8 30 40 F14 20 300 PO5 16 500 F95 30 800 P09 10 30 a-Develop an A-B-C classification for these items. b-Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage. c- Determine the percentage of items in each category and the annual dollar value for each category for part b.