13 Question 13Lead time usage refers to the length of period it takes to order and receive goodsand also called the reorder period.TrueFalse

Lead time is the duration that is taken to compete the process of producing a product till the final…

Answered: Lead time usage refers to the length of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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QUESTION 28 Since information systems keep track of inventory levels, there is little need to perform periodic inventory counts.TrueFalse
question 4 Babble, Inc., buys 375 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is $11.75.Holding cost is $0.10 per cassette per year. a. How many tapes should Babble order at a time? Babble should order_______ tapes at a time. (Enter your response rounded to the nearest whole number.) b. What is the time between orders? The time between orders is_______ months. (Enter your response rounded to one decimal place.)
Answer 2 only
Need Answer for only Question 7
Time interval between consecuitive order placements ( assume 300 working days)
36 [Question text] The Swank Furniture Company is trying to determine the optimal order quantity for rocking chairs. Annual sales are 1,200 units, and the retail price is RM40 per unit. The carrying cost is 20 % of its price. It costs RM20 to prepare and receive an order. The company currently order 100 units per order with a total inventory cost of RM660. The calculated economic order quantity (EOQ) equals 77 units. Should the company continue to order 100 units every time it places an order or change the quantity to the calculated EOQ? Select one: A. Use the calculated EOQ as the company will pay only RM40. B. Continue to order 100 units as there will be no differences in total cost. C. Continue to order 100 units and enjoy an RM40 cash discount. D. Use the calculated EOQ as the total cost will be reduced by RM40.
Question 3 Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 2,750 rolls. The cost per roll is $875, and the annual holding cost is 28 percent of the cost. Each order costs $75. How many rolls should Yellow Press order at a time? _______________rolls at a time. (Enter your response rounded to the nearest whole number.) What is the time between orders? (Assume 200 workdays per year.) __________________days. (Enter your response rounded to one decimal place.)
Question 15 Discontinuity created by new technology a.shows the amount of effort required to measure new technology B.shows the gap between the old technology and new technology C.shows the amount of capital required to implement new technology D.shows the amount of effort required to use old technology QUESITON 16 Quantity discount model is an inventory management model where A.The cost per unit decreases as production quantities increase B.Used to determine the optimal order quantity C.The price per unit decreases as order quantities decrease D.Used to determine the economic order quantity Question 17 In strategy formulation, which of the following processes answers the question "How will the firm compete"? A.Deploying the strategy B. Defining the primary tasks C.Positioning the frm D.Determining the order winners and order qualifers
Question 7 The information in this paragraph applies to this question and the three questions that follow (so, questions 7-10). Store manager Rosalía has noted that the daily demand for the exclusive Motomami candles produced and sold in her Fire Doll Artisan Chandlery located in downtown Champaign is 40 candles. Fire Doll Artisan Chandlery remains open 365 days a year. The lead time for producing the candles is 9 days. Rosalía uses a continuous review system to manage her inventory relying on economic order quantity (EOQ) to decide how much to make and reorder point (ROP) to decide when to make. Determine the reorder point assuming the daily demand is spread evenly (i.e., no safety stock). Question 8 Rosalía notes that daily demand has a standard deviation of 4 candles. Calculate the safety stock for a 99% service level, the z score for which, using the function =NORM.S.INV(0.99) in Microsoft Excel, is 2.33. Question 9 Rosalía makes the candles in quantities of 560 at a time. How many…
Order policy = 80 units Lead time = 2 weeks
QUESTION 1• Students are required to: Discuss the approaches that can be implemented to minimise supply chain inventory. Each of the points must be explained in full, with examples• Explain the impact of economies of scale (EoS) on inventory management. Students must reflect on the importance of this technique in relation to continuous inventory availability.
Lead time for one of your fastest-moving products is 19days. Demand during this period averages 110 units per day. reorder point= 2,090 units How does your answer change if demand during lead time doubles? _ units (enter response as a whole number).

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Lead time usage refers to the length of period it takes to order and receive goods and also called the reorder period. True False