To state: The assumptions that will make the EOQ model be applicable. Inventory and supply chain models: The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

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Answer 1

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

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As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…

The definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.

(a) Give examples of independent and related dependent demand (b) APL company assembles and sales an electronics device (ED) on a contract basis. End item ED has composed of 3 units of subassembly BG and 5 units of component DD. BG is assembled using 3 DDs and 4 FCs. There are orders of 500 and 875 units of the device (ED) at the beginning of week 6 and week 8. In assembling BG, an extra 20 percent scrap allowance must be added. DD can only be ordered in whole cases of 400 units per case. One case of DD is received in each of week 1 and week 2. Also, there are 200 units of BG and 425 units of DD now on hand. The lead time for the item BG, DD, and FC is 2 weeks and that is for the item ED is 1 week.i. Calculate the required number of DD and FC for producing 100 units of ED. There is no stock of any item. ii. Prepare a material requirements plan for the component DD.

Answer 2

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

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Answer 3

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 6

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

Answer 7

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

Answer 8

b)

Summary Introduction

To determine: The training reps to be present in each training group.

Answer 9

b)

Summary Introduction

To determine: The training reps to be present in each training group.

Answer 10

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

Answer 11

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

Answer 12

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 13

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 12.4 - Prob. 1P Ch. 12.4 - Prob. 2P Ch. 12.4 - Prob. 3P Ch. 12.4 - Prob. 4P Ch. 12.4 - Prob. 5P Ch. 12.4 - Prob. 6P Ch. 12.4 - Prob. 7P Ch. 12.4 - Prob. 8P Ch. 12.4 - Prob. 9P Ch. 12.4 - Prob. 10P

Solution Summary: The author states the assumptions that will make the EOQ model be applicable. Inventory and supply chain are one of the most important business decision areas for an organization.

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To determine: The training reps to be present in each training group.

To determine: The number of training programs to be undertaken each year.

To determine: The number of trained reps who will be present when each training program begins.

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