What events might occur when an organization is out of stock of a needed product? How might the cost of a stock out be calculated?
Q: If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to…
A: The bullwhip effect is caused by fluctuation which results in the form of variance. It is induced by…
Q: What are the value-added service (VAS) in warehouse?
A: Warehousing is an activity to fulfill the operational needs by keeping the stock safe and delivering…
Q: What is the difference between dependent and independent demand?
A: Demand refers to the desire of the consumer to buy a good or service. It depends on many factors…
Q: As a supermarket manager, how would you go about evaluating the criticalness of an inventory…
A: Inventory management is described as a process of using, storing, and ordering and inventory of a…
Q: Designate an identity to the warehouse system above and explain why you have chosen this identity.…
A: To manage and control daily operations in a warehouse, companies use Warehouse Management system.…
Q: Operations Manager of PT Radio Gaga is calculating production costs a telecommunication radio…
A: PLEASE NOTE AS PER THE BARTLEBY POLICY I HAVE SOLVED FIRST THREE SUB-PARTS. PLEASE POST OTHER…
Q: How fast do we move inventory toward the customer?
A: Let’s first understand the concept of what is inventory and how fast can we move inventory towards…
Q: Company X has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per unit.…
A: Annual demand = 75 lakhs per year Setup cost = $29 per unit Holding cost = $35 per unit Number of…
Q: Requlred: 1. Calculate the Blending Department's equivalent units of production for materials and…
A: As per the guidelines of Bartleby, only 2 questions have been answered. For getting answers to the…
Q: Explain the Production Planning and Inventory?
A: Production planning and control is a fixed method that involves the use of human resources, raw…
Q: Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current…
A: Given data; % Sales 140000 100 Cost of material 70000 50 Production cost 28000 20…
Q: So, what precisely does finished-goods inventory serve?
A: Inventory of goods that have gone through entire process of manufacturing and have been turned into…
Q: XYZ has developed the following data from its Material ASafety stock280Average (normally) daily…
A: Below is the solution:-
Q: How quickly do we provide inventory to the customer?
A: Let us begin by defining inventory and determining how quickly we can convey merchandise to a…
Q: What is the total annual cost?
A: Total demand per week in numbers = 800 Cost for each pair = $54 Expense to place an order, per pair…
Q: What is the relationship between inventory and the nine competitive priorities we discussed in…
A: Inventory: The material in stock that is used for satisfying demand of customers or for giving…
Q: Hello! So what is the maximum daily profit obtainable for Prime Paints in the manufacture of these…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Junior dresses had an opening inventory of $36,000 at retail. Net sales for the period were $12,389.…
A: ANSWER IS AS FOLLOWS:
Q: How does inventory turnover provide significant insights into the productivity and performance of an…
A: Inventory turnover is important since an organization's stock always holds a large amount of cash.…
Q: What to purchase and when to purchase are strategic supply chain decisions. Select one: a. False b.…
A: Strategic decisions are required in warehouses, distribution centers, and determining which…
Q: Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively…
A: Procurement, in straightforward terms, is the getting of various items or administrations in a…
Q: "Merchandise, raw materials and in-process or finished goods" is the Building and Personal Property…
A: Business Personal Property refers to the items that are movable. These items are owned by business.…
Q: Hau Lee Furniture, Inc, spends 55% of its sales dollars in the supply chain and finds its current…
A: given
Q: What are the factors responsible for the shift in quantity demand?
A: Intelligent software is used to evaluate and comprehend current and planned marketing initiatives,…
Q: Describe what are just in time inventory pros and cons for a business?
A: Just-in-Time inventory is the concept of inventory management in which a company receives the stock…
Q: True or False? 1. Supply chain management can reduce the processing time for an organization to…
A: Supply Chain Management is the active process of management to transform the goods and services from…
Q: Hau Lee Furniture, Inc., spends 60% of its sales dollars in the supply chain and finds its current…
A: Given data; % Sales 100000 100 Cost of material 60000 60 Production cost 20000 20…
Q: What does a make-to-stock (MTS) process meant
A: MTS is a focus on process thinking used by enterprises to match stockpiles with customer needs at…
Q: Suppose you are managing the Speedy Hardware Store. Give examples of items that might be managed by…
A: The project managed by the planning, managing, and organizing is known as the project management…
Q: Describe the importance of inventory management as itrelates to the Farmers Restaurant?
A: Farmers Restaurant is a full-service restaurant, which necessitates careful inventory control to…
Q: Access a major vendor of business software, such as SAPor Oracle. Read about their demand…
A: Demand Management can be defined as the process of supply chain management that helps in balancing…
Q: b) What was their average inventory (measured in weeks of supply)? =6.97 (c) What was their…
A: Given: Annual Sale $322.85 Million = $322,850,000 Finished Goods cost / unit = $315.00 No. of units…
Q: Part 2: The diagram below shows the processes involved in the acquisition of goods for Moon Company.…
A: 4) The IT software that could be used to check the stock at the Receiving storehouse by the Moon…
Q: What is the significance of inventory management in the Farmers Restaurant ?
A: To provide the most satisfactory service, Farmers Restaurant is a full-service restaurant, which…
Q: Why would you believe that the importance of P/SM diminishes when a firm organizes under a supply…
A: Supply management is a process that ensures the proper transfer of goods to customers in an…
Q: 1.Which of the following pertains to an efficient supply chain? A)It deals with innovative products…
A: 1.Which of the following pertains to an efficient supply chain? Answer- d. All of the above. Dealing…
Q: The _____ is something that you can obtain under contract from your vendor. a) PoS b) QoS c) SoS d)…
A: POS often called Point of Sale refers to the place where a client or customer carries out the…
Q: One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently…
A: Demand Data- Year 1 400,000 Year 2 500,000 Year 3 700,000 Taiwanese supplier Bid's Data…
Q: How is inventory turnover computed and what does it tell the owner-manager?
A: Manufacturing Companies have to invest considerable part of their capital in inventory. Therefore,…
Q: Explain what ABC production analysis consists of.
A: Below is the solution:-
Q: An efficient supply chain would be most closely aligned with which of the following production…
A: The end to end flow of information, products and money is encompassed by supply chains. As a result,…
Q: How much is the Inventory Cost? PhP 2,500 PhP 4,500 PhP 5,000 PhP 100,000 None of the given…
A: Below is the solution:-
Q: Why is the inventory turnover ratio of a business desirable?
A: The number of times an item is used and replenished over the course of a given time span is known as…
What events might occur when an organization is out of stock of a needed product? How might the cost of a stock out be calculated?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- How fast do we move inventory toward the customer?One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 400,000 parts in one year1. 500,000 in year 2; 700,000 in year 3. shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.006 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.06 per unit. Direct labor is estimated at $0.05 per unit plus a 50% surcharge for benefits and, indirect labor is estimated at $0.008 per unit plus 50% benefit. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100%…One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…
- As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…What is the significance of inventory management in the Farmers Restaurant ?4. How is the cost of ending inventory calculated in a process costing system?
- Access a major vendor of business software, such as SAPor Oracle. Read about their demand management, available to-promise, and production planning products. What kindsof capabilities do these systems have?I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?How quickly do we provide inventory to the customer?
- What will be procurement strategy for a university plans to launch its new campus in the city. You need to Develop matrix showing, the nature of purchases, types and requisitions required for the complete setup?Warehouse: 4. What is stock receipt? What consideration should be taken in the stock receipt?Ajax Manufacturing produces a single product, which takes 8.0 pounds of direct materials per unitproduced. Assume that it is currently at the end of the first quarter of the year, and there are 50,000pounds of material on hand. The company’s policy is to maintain an end-of-quarter inventoryof materials equal to 25 percent of the following quarter’s material requirements for production.How many units of product were produced in the first quarter of the year? Under the assumptionthat production will increase by 10 percent in the second quarter, what are the direct materialsrequirements (in pounds) for planned production in the second quarter?