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- QUESTION 3Warehousing is an important contributor to both productivity management and quality in a manufacturing industry. (a) Discuss symptoms of inefficient material handling in a warehouse.The following information is provided; Stock keeping unit(SKU) | Number of PalletsSKU 010 4 SKU 020 6 SKU 030 14 SKU 040 8 SKU 050 5 The pallets are being stored 3 high. Calculate: i. The number of pallet positions required to store the full consignment? ii. The percentage space utilisation in this warehouse.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 6 In a Q system, the demand rate for strawberry ice cream is normally distributed, with an average of 295pints per week.The lead time is 8 weeks. The standard deviation of weekly demand is 10 pints. Refer to the standard normal table1 for z-values. a. The standard deviation of demand during the 8-weeklead time is ______pints. (Enter your response rounded to the nearest whole number.) b. The average demand during the 8-week lead time is_____ pints. (Enter your response as an integer.) c. The reorder point that results in a cycle-service level of 92percent is _______ pints. (Enter your response rounded to the nearest whole number.) 1: Data Table The table below shows the total area under the normal curve for a point that is Z standard deviations to the right of the mean. Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 0.5000 0.5040 0.5080 0.5120 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.1 0.5398…
- question 5 At Dot Com, a large retailer of popular books, demand is constant at 20,400 books per year. The cost of placing an order to replenish stock is $75, and the annual cost of holding is $6.00 per book. Stock is received 12 working days after an order has been placed. No backordering is allowed. Assume 325 working days a year. a. Dot Com's optimal order quantity is______ books. (Enter your response rounded to the nearest whole number.) b. The optimal number of orders per year is_____ orders. (Enter your response rounded to the nearest whole number.) c. The optimal interval (in working days) between orders is____ days. (Enter your response rounded to one decimal place.) d. The demand during lead time is ______ books. (Enter your response rounded to the nearest whole number.) e. The reorder point is _____ books. (Enter your response rounded to the nearest whole number.) f. The inventory position immediately after an order has been placed is _______ books.…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 qualifersQuestion No 2: Parker Hi-Fi Systems, located in Wellesley, Massachusetts, a Boston suburb, assembles and sells the very finest home theater systems. The systems are assembled with components from the best manufacturers worldwide. Although most of the components are procured from wholesalers on the East Coast, some critical items, such as LCD screens, come directly from their manufacturer. For instance, the LCD screens are shipped via air from Foxy, Ltd., in Taiwan, to Boston’s Logan airport, and the top-of-the-line speakers are purchased from the world-renowned U.S. manufacturer Boss. Parker’s purchasing agent, Raktim Pal, submits an order release for LCD screens once every 4 weeks. The company’s annual requirements total 500 units (2 per working day), and Parker’s per unit cost is $1,500. (Because of Parker’s relatively low volume and the quality focus—rather than volume focus— of many of Parker’s suppliers, Parker is seldom able to obtain quantity discounts.) Because Foxy promises…
- Question 1 Determine whether the following statements are true or false. Statement T or F 1. JIT emphasizes continuous improvement, respect for people, and standard work practices 2. Different from JIT, Lean operations externally focused on the customer 3. Qualitative Methods are used when situation is vague and little data exist 4. Predict sales of existing products and services is called Demand forecasting 5. Forecasting is about predicting the future.Question 5 Terminator, Inc., manufactures a motorcycle part in lots of 150 units. The raw materials cost for the part is $150, and the value added in manufacturing 1 unit from its components is $320, for a total cost per completed unit of $470. The lead time to make the part is 2 weeks, and the annual demand is 3,800 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? __________________ units. (Enter your response as an integer.) What is its value? $___________________ (Enter your response as an integer.) b. How many units of the part are held, on average, as pipeline inventory? ________________ units. (Enter your response as an integer.) What is its value? $__________________________ (Enter your response as an integer.)Question 7 FastBus Inc. FastBus Inc. offers low-cost bus transportation between Philadelphia and New York City. The company has 2 buses, each bought for $300,000. Each bus can carry 40 passengers per trip and does 7 daily round trips between Philadelphia and New York City. The price of each one-way ticket is $12. The company sells 28 seats on average per one-way trip, so the load factor is 70%. The annual fixed cost of running the company is $3,000,000. The major variable cost in their line of business is gasoline, which costs $25 per one-way trip. Fast Bus Inc. buses operate 365 days a year. Define the return on invested capital as the ratio of the profits (PER YEAR) and the invested capital. You can draw an ROIC tree in the same way that we drew a KPI tree in class. Simply have the ROIC as “the root” of the tree instead of profits. Then answer the question: What is the current number of customers that are served each year? Assume that FastBus operates 365 days per year and that…
- The Johnsons are celebrating their honeymoon at your hotel and have the honeymoon suite with turndown service. Mrs. Johnson has just ordered a bottle of champagne to be delivered tonight. This order will earn additional revenue for which of the following? Question 8 options: a) Banquets b) Room service c) Beverage sales d) Food sales(QUESTION THREE)Warehousing is an important contributor to both productivity management and quality in a manufacturing industry.(a) Discuss symptoms of inefficient material handling in a warehouse.The following information is provided; Stock keeping unit (SKU) Number of PalletsSKU 010 4 SKU 020 6 SKU 030 14 SKU 040 8 SKU 050 5 The pallets are being stored 3 high. Calculate:i. The number of pallet positions required to store the full consignment? ii. The percentage space utilisation in this warehouse.IQUESTION 3Space and equipment are major components of cost in warehouse management. Cube utilization refers to the efficient use of space in the warehouse both on the floor and in height. You are reviewing the efficiency in relation to space utilization in the warehouse.(a) The following information is identified for some of the stock items in the warehouse. Stock keeping unit(SKU) | Number of PalletsSKU 010 2 SKU 020 5 SKU 030 13 SKU 040 7 SKU 050 4 a) The pallets are being stored 3 high. Calculate the percentage utilisation in the warehouse? (b) It is found that the low rate of space utilisation is because the warehouse is using a fixed location method of storage. Recommend two other methods of stock location the organisation can use giving reasons why?
