When Delroy draws on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision?
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When Delroy draws on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision?
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- Hello. I need help with this Order-up-to policy question for homework. I'm stuck! You play a Retailer in the Beer Game. You receive orders directly from the Customer and place orders with the Wholesaler. When you place an order, it takes 2 weeks for the order to be received by the Wholesaler and 2 weeks for the shipment from the Wholesaler to arrive to your warehouse. One period is one week in the game. You are charged $0.5 for each unit of inventory per week, and $1.00 for each unit of backlog per week. It has been estimated that the Customer weekly demand follows a normal distribution with a mean 50,000 cases and a standard deviation 10,000 cases. What should be the order-up-to level to minimize holding and backorder costs? What safety stock should you keep? Assume that the Wholesaler keeps enough inventory to cover your demand and delivers the beer after the lead time with no uncertainty.Lily, a new auditor in an electronics manufacturing company, is reviewing the appropriateness of the minimum quantity level of inventory established by a department. Which of the following would Lily be least likely to consider? Group of answer choices Area/size of the warehouse where the inventories are stored. The potential for obsolescence of inventory items. Seasonal variations in forecasting inventory demand. Stockout costs, including lost customers.Shown below is a partially completed MPS record for ball bearings. Part 2 a. Develop the MPS for ball bearings. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Item: Ball bearings Order Policy: 500 units Lead Time: 1 week Quantity on Hand: 400 Week 1 2 3 4 5 6 7 8 9 10 Forecast 550 350 350 450 250 300 250 350 400 350 Customer orders (booked) 300 350 250 300 150 150 150 150 100 50 Projected on-hand inventory enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here MPS quantity 500 enter your response here enter your response here enter your response here enter your…
- 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 answerWrite a essay of 800- 1200 words, in which you analyse how Have Wings (restuarant and takeaways) in Soweto can ensure efficient operations and effective inventory management. Your discussion should include but is not limited to: Analyse the view that an effective inventory management system is premised upon the principles of accurate demand forecasting and keeping accurate records of inventory in the relation to Have WingsThe bar has an opening inventory of wine of $20,000, purchases $10,000 of wine inventory and has an ending wine inventory of $15,000. What is the Cost of Goods Sold if the bar transferred 1,000 worth of wine to the kitchen $9,000 $14,000 $15,000 $25,000
- Nike and Adidas let customers design their own custom shoes on their website, allowing them to choose colors of the different shoe parts. The shoes are made to order, but are not significantly more expensive than regular Nike or Adidas shoes and are shipped to customers quickly. How is this possible? Group of answer choices a) Nike and Adidas have better manufacturing facilities than other shoe companies. b) Nike and Adidas use mass customization to streamline the manufacturing process for customized goods. c) Nike and Adidas can effectively predict customer orders and make the shoes before they are ordered so they are ready to ship. d) Nike and Adidas have all of the possible combinations in stock and can simply ship the shoes that match the customer's choices.You manage a production line that operates using a monthly production cycle. There are five different products that could be made this month. However, you only have 500 hours of line capacity, so you must be careful which products you select to make in the production cycle. Making a product incurs two types of setup costs: (1) a material “tear down” cost (measured in dollars) and (2) downtime for line preparation (measured in hours). Any quantity up to the forecasted monthly demand can be sold. Additional production details are given in the table below: Product 1 Product 2 Product 3 Product 4 Product 5 Monthly Demand 1000 units 1100 units 1700 units 1600 units 1500 units Revenue (per unit) $150 $175 $155 $200 $225 Production Cost (per unit) $60 $70 $60 $100 $110 Set Up Cost $10000 $15000 $25000 $10000 $5000 Set Up Time 25 hrs 15 hrs 0 hrs 10 hrs 30 hrs Production Time (per unit) .1 hrs .12…Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs $ 10,600 65% Conversion costs $ 12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs $ 142,100 Conversion costs $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to:$44.58$46.16$40.03$48.47
- Kaniri Global Imports (a retail store) sells artisan greeting cards. The owners search for localartists from around the world from whom to buy their greeting card inventory. The followinginformation is available to you for this problem:Demand/Sales = 110 cases of cards per yearOrdering or Setup Cost = $25 per orderCarrying Charge = 18% per yearUnit Cost = $150 per caseAnswer the following questions and be sure to show your computations. You can use whateversymbol you need for square root, if typing in Word.1. How many cases should be ordered at a time? (This number will be the EOQ). Computeto two decimal places. In reality they would round, but for this problem keep the twodecimal places.2. How many times should Kaniri order in a year? Do not answer in terms of how manydays or months, but rather how many times per year. Round your answer up to the nexthighest whole number.3. Answer all three:a. What is the annual cost of ordering the cards?b. What is the annual cost of carrying the…Hello! I need help solving this with the Newsvendor Model / Equation in Operations Management. I'm stuck! Sarah and her fiancé are planning for their wedding. Distribution of the number of guests coming to the party is normal with the mean 100 and the standard deviation 10. They need to determine how many guests to book for food from a caterer. The caterer makes the following charges: $50 for each guest that is booked in advance; $90 for each guest who is not booked in advance but shows up on the wedding day. The caterer does not offer any refund even if some booked guests may not show up. What is the optimal number of guests to book in advance? How much Sarah can save by booking the optimal quantity from a) in advance? What is the expected number of guests that will come to their wedding? If Sarah and her fiancé book 90 guests in advance with the caterer, what is the probability of stock out? If Sarah and her fiancé book 100…I need help with everything. I don't know what I am doing 1. What is the best decision according to the Laplace criteria? A. Order 130 dozen B. Do nothing C. Order 60 dozen D. Order 25 doze 2. Droid Costume for Halloween Scenario Please do the computations to find the best alternative under the Minimax Regret criteria. What is the maximum regret if 25 dozen are ordered? 3. Droid Costume Scenario What is the maximum regret if 60 dozen are ordered? 4. Droid Costume for Halloween Scenario What is the maximum regret if 130 dozen are ordered?