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- Question 1A just-in-time inventory system (JIT), is an inventory strategy where raw materialsand supplies are ordered and received as they are needed.(a) Explain the benefits of using JIT system to Malaysian SMEs (smallmedium enterprises) clothing market. Answer should be with proper elaborations and examples. This is not a writting assignment. Thank youInventory Investment—Asset or Liability?question 1 Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for the part is $150, and the value added in manufacturing 1 unit from its components is $280, for a total cost per completed unit of $430. The lead time to make the part is 3 weeks, and the annual demand is 4,200 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? nothing 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? nothing units. (Enter your response as an integer.) What is its value? $________________ (Enter your response as an integer.)
- Question: calculate the reorder point in meters for the fabric.Question 29 Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2,000 bags of fertilizer a year. How many orders does Store A place per year if the order quantity is 20 cases? Group of answer choices 80 40 20 10QUESTION 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.
- Question 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 3 Given the following inventory information, construct an (a) ABC analysis by annual dollar usage, (b) ABC analysis by current inventory value, and (c) an ABC inventory matrix. Is the firm stocking the correct inventories? Item Number Unit Cost Annual Usage Phy Inv B8867 6 100 8,000 J1252 5.25 6,500 120 K9667 0.88 4,000 1,000 L2425 1 1,500 375 M4554 5.5 2,000 500 T6334 70 500 800 W9856 0.75 800 20,000 X2215 1.5 8,000 2,000 Y3214 32 1,000 500 Y6339 4 3,500 125 Calculate the annual usage for K9667.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 2 Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centers in different regions of the country. For one of its products, a highspeed modem priced at $340 per unit, the average weekly demand at each distribution center is 70 units. Average shipment size to each distribution center is 400 units, and average lead time for delivery is 2 weeks. Each distribution center carries 2 week's supply as safety stock but holds no anticipation inventory. On average, how many dollars of pipeline inventory will be in transit to each distribution center? $________________________ (Enter your response as an integer.) How much total inventory (cycle, safety, and pipeline) does Prince hold for all five distribution centers? __________________________units. (Enter your response as an integer.)Question 1 How the Walmart company using FIFO ,LIFO warehouse storage style to manage their inventory? Please provide the definition, explanation and example that according to Walmart. NOTE: don't answer the question using accounting way of FIFO,LIFO .This is warehouse management subject.Define INVENTORY CONTROL?