What is JIT (Just in time) in logistic managemet & its pre-requisite explain with examples?
Q: c) Explain the role of the sponsor in a project organization and his/her relationship with the…
A: Project sponsors are those individuals who stay responsible for the success of a project right from…
Q: a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales…
A: MAD depicts the mean of absolute deviations in the forecasted values from the actual values. MSE…
Q: Many have claimed that outsourcing by American companies is costing American jobs. However,…
A: Outsourcing can be stated as the approach of recruiting or hiring a third party to provide products…
Q: The element that differentiates between one-way communication and two-ways communication is? A.…
A: Communication in simple terms is the transfer of information or data between two or more people. It…
Q: A Chef bakes and decorates cakes in a two-stage process. The cakes are baked and once cooled they…
A: Given data
Q: Project Scope Inclusions: Plan Design, Site Construction, Site Clearance Exclusions: Land…
A: Work breakdown structure is a popular concept of project management where a particular project…
Q: The relative criticality of various project risks are prioritized through 4 O Qualitative risk…
A: Risk impact assessment is the process of determining the likelihood and effects of risk occurrences,…
Q: Which of these is a true statement? Select an answer: Almost half the work done in service processes…
A: 1. This statement is correct because It has been estimated by professionals that as much as half of…
Q: a. Determine the optimal order quantity. (Round your answer to the nearest whole number.) Optimal…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Give examples of the technology and tools used to describe IT project management.
A: IT project management can be stated as the approach of planning, arranging, scheduling,…
Q: locations while accounting for small local variations. Which strategy is your organization following…
A: Nowadays, globalization in combination with a greater degree of interconnections between persons…
Q: Demand is Normally distributed with a mean of 66 per week and a weekly variance of 3. The ordering…
A: NOTE: We are allowed to do one question only. Mean demand = 66 Variance = 3 Ordering cost = 57.5…
Q: The LP model and output below represent a problem whose solution will tell a specialty retailer how…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Discuss in detail the benefits and drawbacks for just in time (jit) inventory
A: All of a company's current inventory is included in the company's balance sheet. This is known as…
Q: Problem 3: A clothing manufacturer produces women's clothes at four locations in Hongkong. Relative…
A: Location X Y Weekly quantity(A) X×A Y×A A 5 7 15 75 105 B 6 9 20 120 180 C 3 9 25 75 225 D…
Q: Forecast the student’s GPA for the fall semester of her senior year by using a three-period moving…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Rank the three factors that are critical to productivity improvement in order from greatest to least…
A: Productivity can be broadly defined as a measure of performance of the volume of products and…
Q: The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms.…
A:
Q: Demand Probability 65 0.10 Stock 70 0.30 65 osts the bookstore $82 and sells for $112. Any unsold…
A: Sales Price = 112 Cost Price = 82 Profit = Sales Price - Cost Price = 112-82 = 30 Refund of…
Q: What are the 5 key roles in Six Sigma?
A: Six sigma is a method to reduce errors and increase the performance of the overall system. The aim…
Q: Subject: Logistic Management Q1): What is logistic and what is difference between supply chain…
A: Supply chain management is based on the management of the flow of products & services between…
Q: The LP model and output below represent a problem whose solution will tell a specialty retailer how…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Supply chain management is the process of transforming raw materials into finished products and…
A: Supply Chain Management Supply Chain Management is recognized to be the management of the relative…
Q: Question 1. Examine the negative effects on a global retailer for carrying too much inventory.…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: What is online analytical processing (OLAP), and how is it used?
A: Online analytical processing or commonly known as OLAP , is a technology that would organize large…
Q: Formulate an LP model for the following problems. 1. A furniture company makes two products: book…
A: Decision Variables: Suppose - x be the no. of bookshelves that the furniture company will…
Q: 5. The Swanky Hotel provides room service for its guests. The process for room service begins with a…
A: From the given information, the process diagram will be as follows.
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: What are the main logistical issues IKEA must address to be able to make 100 percent of its products…
A: The process of purchasing things using internet-based websites such as Amazon, where the bought…
Q: 02. What should you ask and look for in trying to evaluate the veracity and usefulness of a…
A: Benefit-cost analysis: This can be defined as a systematic approach to decision-making regarding a…
Q: What are the titles and roles of the key players in six Sigma efforts?
A: Six sigma can be broadly defined as a data driven methodology that would reduce the number of…
Q: 3. Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for…
A: Note: - For a multiple subparts question we can answer only up to three subparts. So we will answer…
Q: The Pullman Mfg., Inc. three-station work cell illustrated in the figure below has two machines at…
A: Note: - As we can answer only three subparts and you have not specified which three need to answer,…
Q: Given the following activity network: Ki A1 Activity A1 takes 5 weeks, A2 takes 8 weeks, and A3…
A: Given data The activity A1 takes 5 weeks The activity A2 takes 8 weeks The activity A3 takes 2…
Q: A bottled water production process is described by the following flowchart. Production Setup 40…
A:
Q: Policies, rules, procedures and regulations are required in the firm. Explain theirsignificant…
A: Policies:- A policy is a deliberate set of guidelines intended to control behaviour and yield…
Q: Describe three situations in which a purchaser might select a supplier that is having financial…
A: Supplier:- An entity that offers goods or services to another entity is known as a supplier. One…
Q: Find the equation of a simple linear regression line using Excel, in the format of Y=a+bX. Keep two…
A: The regression equation is of the form Y=a+bx where: Y= dependent variable that is the quantity x=…
Q: Great Harvest bakery distributes an average of 1,000 breads per day to local stores and restaurants.…
A: Safety stock is a stock that company hold and store for the emergency during shortage.
Q: Explain the statement. Manufacturers locate near their resources, retailers locate near their…
A: Proximity to the market stay as an important criterion in selecting a particular location for the…
Q: Using the table below, forecast using exponential smoothing. Assume the Alpha is 0.55, what should…
A: Here, we have been given the table data, which includes columns like period, Actual demand and…
Q: Draw the network diagram based on the information given below. Calculate the ES, EF, LS, LF and…
A: Using the details given in the table, the following network diagram can be prepared.
Q: Joe Henry's machine shop uses 2,490 brackets during the course of a year. These brackets are…
A: Economic order quantity is a formula used by businesses to determine the ideal order amount in an…
Q: The following table contains the demand from the last 10 months. Calculate the single exponential…
A: The general formula of exponential smoothing: forecast = actual demand of previous period…
Q: Howard Weiss, Inc., is considering building a sensitive new radiation scanning device. His managers…
A:
Q: The following table lists the components needed to assemble an end item, lead times (in weeks), and…
A: A time based production chart and Product structure chart are helps to identify the correct…
Q: Tamara is considering venturing into the public transport system although she is unsure on whether…
A: Estimated monthly collection: Costs of vehicles: Cost of minim bus = 2.5 Million Cost of Matatu = 2…
Q: Antitrust law is a body of law that regulates OA. oligopolies; monopolies; monopolies OB.…
A: Option A Oligopolies; monopolies; monopolies
Q: How can sustainability factors be implemented in facilities maintenance?
A: Facility maintenance: Facility maintenance is regular and important routine process…
Q: Product X is made of 2 units of Y and 3 of Z. Y is made of 1 unit of A and 2 units of B. Z is made…
A: Lot for lot is used for all components except Y and C. The minimum unit requirements for Y and C is…
Subject: Logistic management
Q#7) What is JIT (Just in time) in logistic managemet & its pre-requisite explain with examples?
Q#8) What is ford model explain with examples?
Step by step
Solved in 2 steps
- 1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish this, a(n) ________ was established to include clear weekly targets for number of deposits received. Multiple Choice means-end chain operating plan strategic plan scenario analysis 2. Prior to Apple’s debut of the iPhone, Microsoft was also working on a revolutionary smart phone. Microsoft was already one of the world’s leading technology companies with thousands of engineers and designers with hundreds of millions of dollars for their R&D budget. Despite having a solid strategy and adequate resources, Microsoft derailed cross-departmental cooperation, perpetuated unhealthy competition among its employees, and ultimately Multiple Choice closed the business due to a labor strike. failed to implement its strategy. developed a competitive advantage in smart phones. fired Bill Gates. 3. You receive a memo that reads as follows: “In recent months, our customer evaluations have…Assume that, you as a management accountant, are assigned to project a college’s maintenance costs for the next year. From company records, you can collect information related to costs and volumes for two possible cost drivers. Labor hours used in maintenance. Numbers of students enrolled. Month Total Maintenance Cost Number of hours Number of students 1 16,690 238 534 2 13,560 194 532 3 13,540 108 534 4 16,060 229 530 5 12,430 101 533 6 20,860 298 537 7 18,240 244 540 8 12,310 98 540 9 13,770 108 541 10 16,990 225 538 11 20,650 289 540 12 14,770 118 539 Next Semester 1 2 3 4 5 6 TOTAL Required: Prepare a Regression Analysis to determine the Cost Function. Assume that the number of students for the first semester for the…Need .4 5 6 7 .solve full correct
- Questions 2 – Capital budgeting and NPV Responsible Testing Company may buy DNA‐testing equipment A costing $60,000 now (at year 0). This equipment is expected to reduce labor costs of the clinical staff, net of all staff training expenditures, by $20,000 annually in the subsequent years following the investment. Equipment A has a useful life of 8 years and can be straight‐line‐depreciated over its years of operations. No salvage value is expected at the end. The corporate tax rate (combined federal and state) is 40% and the company’s required rate‐of‐return is 15%. (2a) Describe the company’s “investment project”. Calculate the relevant cash flows and use the NPV method to determine the attractiveness of this project. (2b) Suppose that in the second year (year 2) a more efficient and effective DNA‐testing equipment B is expected to enter the market. The new equipment costs $90,000, will have an effective operating life of 6 years, can be straight‐line‐depreciated but…(Need all four Question s....attempt only if you will provide answers for all four....thanks) if not then skip it Q1. Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory. Column A:1. Bed and breakfast accommodation2. Airport3. Hospital4. Car manufacturer5. Bank Column B: A. Application formsB. Components and partsC. Syringes and bandagesD. TicketsE. Food and beverages ---------------------------------------------------------------------------- Q2: Match the inventory type to how it is used. Column A: 1. Cycle inventory2. Anticipation inventory3. De-coupling inventory4. Pipeline inventory5. Buffer inventory Column B: A. When demand and supply is not predictableB. Safety stock to maintain supply when other products are being madeC. To fill the processing pipeline while goods are in transitD. Build up stocks during periods of low demand…Consider the planned construction of new office building in a downtown area of a large city when office space in in surplus demand (i.e. more office space than users). 1. Explain how the analysis would change if the office were in high demand.
- Q.1. a) Explore the security concerns commonly associated with warehousing and inventory operations b) Explore how managers can go about resolving the above mentioned security issues in (a)?Describe what are JUST IN TIME (JIT) inventory pros and cons for a business?1. The Kintampo Tourist Resort (KTR) is one of Ghana’s best holiday centers and sells a special type of souvenir called Expensive. As you might expect, the demand for Expensive is highly seasonal as tourist centers exhibit a highly seasonal attraction pattern, with peaks during the summer months. The following forecasts are available for Expensive.Inventory carrying cost = GH¢3 per piece per quarter Production per employee = 1000 piece per quarter Regular workforce = 50 workersCost of regular production = GH¢50 per piece Hiring cost per employee = GH¢75Firing cost per employee = GH¢100 The management of KTR does not wish to use Level production nor Chase Demand but wants to adopt one of the following strategies:Strategy I: Produce 71,000 pieces in Quarter 1, Produce 151,000pieces in Quarter 2, Produce 200,000 pieces in Quarter 3,and Produce 30,000 pieces in Quarter 4.Strategy II: Produce 51,000 pieces in Quarter 1, Produce 161,000pieces in Quarter 2, Produce 210,000 pieces in Quarter…
- Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing carrier can cost $2,200. A 150-passenger jet costs about $150,000 to operate from Raleigh to Atlanta. The average ticket price is $2,000. Table. The frequency of no-shows NO-SHOWS FREQUENCY 1 15 2 10 3 10 4 5 5 5 6 5 a. how many seats should be overbooked? (show your calculations) b. Korean Airline increased the average ticket price from $2,000 to $3,000 on its Atlanta/Seoul route for the holidays. How would the increased ticket price affect the number of seats overbooked? (show your calculations)Q33 please please help me Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from history that an average of 36 customers (with a standard deviation of 22) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $145. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $240. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight? Note: Use Excel's NORM.S.IN( function to find the z value. Round z value to 2 decimal places. Round your answer to the nearest whole number.Good day. can you please asssit with the follwing Q.1. Discuss the Issues around capacity