Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 1, Problem 13P
Summary Introduction
Interpretation: Discuss the hierarchy of decision management.
Concept Introduction: Main branch of XYZ bank decides which client account will transfer to which branch. Bank take this decision by counting customer credibility points. This decision has been taken by decision maker team. The decision making team consist of strategic level, tactical level, and implementation level.
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Operations Management
You are conducting a retrospective analysis for an Order-Up-To system with delivery lead time of 4 weeks (thus, the unsold inventory at the end of a week is carried over to the next week). The beginning inventory in week 4 is 200 units, and you have in-transit orders (yet to be delivered) placed in week 1, 2, and 3 of the amounts 120, 110, 100, respectively. If you set an order-up-to level of 650 units, then the order quantity in week 4 is
0 units (no order)
90 units
120 units
130 units
450 units
none of the above
Paul Williams recently joined XYZ2 Limited as the head of accounting department. Williams spent the first few weeks to analyse the account information system. Based on this analysis, Williams is concerned about the purchase system of XYZ2 Limited. Here is the details of purchase system.
The purchasing agent of XYZ2 Limited periodically checks inventory levels from a computer terminal, which is connected to a central accounting system. The agent searches the inventory file for items that need to be ordered. He then selects a supplier, prints a hard copy of the purchase order, and mails it to the vendor. The clerk files one copy of the PO in the department and sends a second copy to the AP Clerk. When the inventories arrive at the receiving department, a receiving clerk reconciles the items with the packing slip, inspects them for condition, and manually prepares a three-part receiving report. The clerk sends one copy to the purchasing department to close out the open PO, files one…
Chapter 1 Solutions
Practical Operations Management
Ch. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQCh. 1 - Prob. 7DQCh. 1 - Prob. 1PCh. 1 - Prob. 2PCh. 1 - Prob. 3P
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