OPERATIONS MANAGEMENT CUSTOM ACCESS
OPERATIONS MANAGEMENT CUSTOM ACCESS
11th Edition
ISBN: 9780135622438
Author: KRAJEWSKI
Publisher: PEARSON EDUCATION (COLLEGE)
Question
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Chapter 6, Problem 12P

(a)

Summary Introduction

Interpretation: Number of days of raw material B’s plant has is to be determined.

Concept Introduction:

The raw material which is important for the B’s plant is the steel sheets.

(b)

Summary Introduction

Interpretation: Number of days of work-in-process inventory is held between Press and Pierce and form is to be calculated.

Concept Introduction:

The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and supply chain management.

(c)

Summary Introduction

Interpretation: Number of days of work-in-process inventory is held between Pierce and form and Finish Grind is to be calculated.

Concept Introduction:

The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and supply chain management.

(d)

Summary Introduction

Interpretation: Number of days of work-in-process inventory is held between Finish Grind and Shipping.

Concept Introduction:

The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and supply chain management.

(e)

Summary Introduction

Interpretation:

Lead time of new value stream’s production.

Concept Introduction:

Lead time refers to as the latency between beginning and completion of a process.

(f)

Summary Introduction

Interpretation:

Process time of the new value stream

Concept Introduction:

Processing time is nothing but the sum of each process cycle time.

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Students have asked these similar questions
The company you work for has collected the following data from the inventory of products that make up the specialized spare parts division. SKU Annual Demand Cost per unit D77 19,300 $2.80 R25 7,800 $0.45 T80 27,600 $0.05 L90 425,000 $1.55 W19 20,000 $0.75 Z55 675 $105.00 X33 2,500 $5.00 Perform an ABC analysis of the data. Based on the results obtained, which element is classified as class A? Explain the factors that could have contributed to your high priority ranking. Analyzes the implications of the ABC classification system for supply chain management. Explains how it can help optimize: a) inventory levels, b) purchasing strategies and c) resource allocation.
The safety stock on an SKU is set at 500 units. The supplier says it has to increasethe lead time from 4 to 5 weeks. What should be the new safety stock?
Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value of items in the store was OMR 5,000 iii. Total items with value OMR 1,500 to OMR 3,000 were 500
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