Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
12th Edition
ISBN: 9780134741062
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Textbook Question
Chapter 9, Problem 3VC
The Marker Maker© product recently experienced an unexpected surge in demand and the supply chain’s agility was credited with helping to meet the crisis. We have discussed four ways to classify operational inventories by how they are created. Regarding the ways managers can use these inventories to satisfy demand, explain how Crayola can achieve the flexibility to adjust to unexpected demand surges.
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Chapter 9 Solutions
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
Ch. 9 - What is the relationship between inventory and the...Ch. 9 - Suppose that a large discount retailer with a lot...Ch. 9 - Will organizations ever get to the point where...Ch. 9 - A part is produced in lots of 1,000 units. It is...Ch. 9 - Prince Electronics, a manufacturer of consumer...Ch. 9 - Terminator, Inc. manufactures a motorcycle part in...Ch. 9 - Ruby-Star Incorporated is considering two...Ch. 9 - Haley Photocopying purchases paper from an...Ch. 9 - Prob. 6PCh. 9 - Southern Markets, Inc. is considering the use of...
Ch. 9 - New Wave Shelving’s inventory manager would like...Ch. 9 - Yellow Press, Inc. buys paper in 1,500-pound rolls...Ch. 9 - Babble, Inc. buys 400 blank cassette tapes per...Ch. 9 - At Dot Com, a large retailer of popular books,...Ch. 9 - Leaky Pipe, a local retailer of plumbing supplies,...Ch. 9 - Sam’s Cat Hotel operates 52 weeks per year, 6...Ch. 9 - Consider again the kitty litter ordering policy...Ch. 9 - In a Q system, the demand rate for strawberry ice...Ch. 9 - Petromax Enterprises uses a continuous review...Ch. 9 - In a continuous review inventory system, the lead...Ch. 9 - In a two-bin inventory system, the demand for...Ch. 9 - You are in charge of inventory control of a highly...Ch. 9 - Your firm uses a continuous review system and...Ch. 9 - A company begins a review of ordering policies for...Ch. 9 - Prob. 22PCh. 9 - The Farmer’s Wife is a country store...Ch. 9 - Prob. 24PCh. 9 - Prob. 25PCh. 9 - Prob. 26PCh. 9 - In a P system, the lead time for a box of...Ch. 9 - Suppose that Sam’s Cat Hotel in Problem 13 uses...Ch. 9 - Your firm uses a periodic review system for all...Ch. 9 - Using the same information as in Problem 21,...Ch. 9 - Wood County Hospital consumes 1,000 boxes of...Ch. 9 - A golf specialty wholesaler operates 50 weeks per...Ch. 9 - What is the EOQ and what is the lowest total cost?Ch. 9 - What is the annual cost of holding inventory at...Ch. 9 - Prob. 3AMECh. 9 - Prob. 4AMECh. 9 - Prob. 5AMECh. 9 - Prob. 6AMECh. 9 - Comment on the sensitivity of the EOQ model to...Ch. 9 - Consider the pressures for small versus large...Ch. 9 - Prob. 2VCCh. 9 - The Marker Maker© product recently experienced an...Ch. 9 - Put yourself in Sue McCaskey’s position and...Ch. 9 - By how much do your recommendations for these two...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Cash-to-cash cycle (C2C): the supply chain metrics that matter (300 words) In its simplest form, the cash-to-cash cycle = days of inventory + days of receivables – days of payables (note that the length of the C2C cycle can also be expressed in weeks as we have done in class) The smaller the number for C2C, the company can operate with less cash tied up in operations. What is the equity implication for C2C reduction by increasing the days of payables and decreasing the days of receivables? Is it healthy for the supply chain overall? From a supply chain management point of view, please suggest some generic principles as of how days of inventory, or inventory level, could be decreased in order to reduce the C2C number.arrow_forwardExplain the basic concepts of inventory control. Use the following guide for each part of the essay: Discusses what ABC analysis consists of for inventory control.Provide two (2) examples of how good inventory control can be maintained. ConclusionDiscuss strategies that an operations manager can use to keep costs related to carrying inventory down.arrow_forward‘Although organisations in the manufacturing sector usually carry more inventory than service firms, effective inventorymanagement is nonetheless important to both manufacturers and service organisations’ (Heizer and Render, 2021).Considering this statement examine the functions of inventory and advise operations managers on how they can determinethe right inventory to hold at any given time this is not exam question, it is homework helparrow_forward
- Do you think supply chain design and planning should be as rigid as possible or as flexible as possible? Give an example. One of the key aspects of Dell business model was postponement of the assembly until receiving customer orders. Explain how postponement can help reduce inventory.arrow_forwardDefine inventory and provide some examples. Explain the importance of inventory, types of inventories, and key decisions and costs. How does inventory affect a firm’s financial performance? Define environmentally preferable purchasing or green purchasing. Define and explain the different types of inventory costs that managers must consider in making replenishment decisions. How can these costs be determined in practice? How does order cost differ from setup cost? What is a SKU? Provide some examples in both goods and services. Explain the difference between independent and dependent demand, deterministic and stochastic demand, and static and dynamic demand. Provide an example of an inventory item for each combination of these demand types (e.g., independent, stochastic, and static, and so on). Define lead time. What factors affect lead time? Describe the two different types of stockouts that firms often face. What must be done to prevent them?arrow_forwardAlthough organisations in the manufacturing sector usually carry more inventory than service firms, effective inventory management is nonetheless important to both manufacturers and service organisations’ (Heizer and Render, 2021). Considering this statement examine the functions of inventory and advise operations managers on how they can determine the right inventory to hold at any given time.arrow_forward
- Discuss what EOQ is and why is it a useful tool for managers in operations?arrow_forwardCisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Discuss your understanding about Supply Chain Visibility. What is your inference about technology in the context? Implement SCOR model and mention the demand and supply uncertainty with the help of diagram.arrow_forwardWhat is a “supply chain,” and how are supply chains related to justin-time inventory procedures?arrow_forward
- Cisco’s model of building a seamless supply chain is one that many companies can follow. It proves that you do not have to own or control most of the elements in your supply chain, yet have complete visibility of the chain. The Internet allows companies to coordinate more closely with their suppliers and also enables just-in-time delivery that lets businesses greatly reduce inventories. Cisco’s suppliers build and ship while Cisco handles all of financial transactions. This is an excellent instance of control/demand uncertainty fix. Please answer all 3 questions What is your inference about technology in the context? Implement SCOR model and mention the demand and supply uncertainty with the help of diagram. Identify if Cisco is following push strategy or pull strategy and explain how?arrow_forward4. Jay is a senior buyer at an electronics factory. He plans to provide an orientation training to his junior buyers on the importance of information in supply chain.(a) Analyse the characteristics of good information with relevant examples.(b) Discuss the challenges of information technology management. answer guidelines - (a) to analyse characteristics of good information with example - appropriate, accuracy, accessible when needed - (b) to discuss the challenges of information technology management. cybersecurity threat, incomplete data (GIGO), high implementation cost, lack of knowledge/resourcesarrow_forwardDiscuss how inventory control can help to balance and reduce costs?arrow_forward
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