Q/You have the following data on the stock situation of a material in an industrial company: Annual consumption: 12000 pieces, purchase price of the piece: 120 monetary units, storage cost: 15% of the value of the piece, purchase order cost: 900 monetary units, minimum inventory ( Safety limit): 250 pieces. Calculate: 1- The economic volume of the purchase order 2- Re- order point 3- The optimum number of requisitions per year?
Q: Draw a diagram that illustrates all phases of the business process life cycle and their key…
A:
Q: Draw a diagram that illustrates all phases of the business process life cycle and their key…
A: Business process life cycle is a continuous process where the supplier, employee and managers…
Q: Explain Warehouse process in detail
A: Warehouse is not limited to storing the materials more than that there are a lot happens in a…
Q: apolis, makes weekily shipments to area. Each customers order weighs, on average, 2,000 pounds. A…
A: Given, Number of customers = 25 Weight of each order = 2000 pounds Cost of a direct truck shipment =…
Q: Should management take into account the trade-offs between keeping items in a higher number of…
A: Inventory management is described as an inventory tracking methodology through which products and…
Q: Demonstrate how companies can streamline the "goal of risk management" to optimise its benefits.
A: Risk management is a method for recognizing hazards quickly and effectively. It should be a…
Q: A process is accomplished in 4 sequential steps- S1, S2, S3 and S4. The lead times (in minutes) and…
A: Utilization measuring the proportion between actual usable time and total available time. A…
Q: Which approach to quality states that the voice of the customer must be brought into the design…
A: To be determined: Choose the correct option - which approach to quality state that the voice of the…
Q: Suppose that the crash cost is $10 million, normal cost is $8 million, normal project time is 10…
A: Project crashing is a method used in project management to increase the project time by decreasing…
Q: The policy of the firm with respect to submitting bids is to bid the minim amount that will provide…
A:
Q: Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August.…
A:
Q: I company making cold drinks has two bottling plants located at towns T. and T2. Each plant produces…
A: Let x depict T1 town. Let y depict T2 town.
Q: what effect has inventory management (as separate from increasing sales) on cash? Why/how can…
A: Inventory management is the management in which raw material and finished products are managed and…
Q: Critically evaluate the relationship between lean and agile strategies in managing logistical costs.…
A: To be determined: The relationship between lean and agile strategies in managing logistical costs.…
Q: a. The Consolidated Bank of Ghana (CBG) is planning to install a new computerized accounts system.…
A: A network diagram is a graphical representation of a project that identify the activity relationship…
Q: What are applications of work measurement in healthcare system?
A: Work efficiency is described as the ability to receive more output through less input. It is…
Q: Examine and evaluate coca cola company Supply Chain, describe its basic working, strategy used by…
A: The supply chain is the system in which people, resources, techniques, and other important factors…
Q: 13.20. Southwood Furniture Company is a U.S.-based furniture manufacturer that offshored all of its…
A: Given: Annual Demand (D)= 715 Holding cost (H) =$1200 Ordering cost (S) =$6000
Q: Machines Jobs 1 3 Р 50 P 70 P 90 140 100 120 3 150 130 160 1.
A: The question is related to Assignment Problem. The Problem is solved to Hungarian Rule.
Q: a) Formulate an initial feasible solution to Carib Cement Company transportation problem using VAM.…
A: The Transportation Method is used to study efficiency related to the transportation routes. This…
Q: The policy of the firm with respect to submitting bids is to bid the minimum amount that will…
A:
Q: Using The Big Five Model of Personality, explain Fujio Mitarai’s personality
A: Fujio Mitarai is the president and CEO of Canon, a camera and office technology manufacturer. He was…
Q: The two basic modeling approaches for queuing systems are optimization and simulation. a) True b)…
A: A queueing system can be stated as the framework having a facility for service at which units often…
Q: Discuss briefly the three stages of planning.
A: A Small Introduction to Planning Planning includes choosing missions and goals and the activities…
Q: What is risk management and how does it work? What is it about the identification of risks and…
A: RISK MANAGEMENT: Risk management can be described as the the methodology or process of discovery and…
Q: Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products,…
A:
Q: A company has three factories. Each factory produces three different products (A, B and C). Factory…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: You are the marketing manager of a food products company that is considering entering the Indian…
A: Distribution can be stated as the approach of developing an item or service available for the client…
Q: Quetion in picture
A: A benefit-cost ratio (BCR) defined as a ratio which is use in cost benefit analysis and its…
Q: An insurance company has custom envelopes printed for correspondence with its clients. It uses 780…
A: Continuous inventory system refers to inventory management system which orders optimal quantity.…
Q: (d) Determine and state the critical path for this project. (e) What are the expected time and the…
A:
Q: It is a stage of the process that appears inefficient and causes the customer to wait longer. a.…
A: A process is flow of steps which contains multiple stages of activities. Here, we can identify the…
Q: 13.4. The Sofaworld Company purchases upholstery material from Barrett Textiles. The company uses…
A: Given: Annual demand(D) = 45,000 Ordering Cost (S) =$ 1500 per order Holding cost (H) = $ 0.70
Q: Calculate the breakeven point for each product? Calculate contribution ratio for each product 3.…
A: Break even point is the point of no profit no loss. It is the point where the company is able to…
Q: Barry’s Brakes is looking to hire workers to assemble the brake assemblies it produces. Barry has…
A: The basic concept behind the selection of a right number of employees indicating the highest unit…
Q: When we mention that "this modeling constitutes a useful aid to the visualization, communication and…
A: The visual representation can be stated as the representation or illustration of some data and…
Q: can you said in 500 words, What is Project Management
A: In the question, First I would define the term "Project", then I would establish the definition of…
Q: How should budgeting, scheduling, and resource loading or leveling be most logically accomplished in…
A: Making a strategy for how you will indeed spend your money is part of the budgeting process. This…
Q: Donut Love makes hand made artisan donuts in several locations throughout New Hampshire,. Assume…
A: Step Number of parallel stations/Resources Processing time for each resource (min/unit) Prep 1 30…
Q: Consider a bank with one teller, an average arrival rate of six customers per hour, and an average…
A: Queuing theory is described as the process of studying the movement of information, objects, and…
Q: Ime of 6 days. purchase cost is $31.4 per unit. The cost to place and process an order from the…
A: Given that: EOQ= 1053 units Unit Price = $31.4 Holding cost per unit (H)= 12.2% of 31.4 = 3.8308…
Q: The principle reason for fingerprints becoming an integral part of forensic science is: Group of…
A: One of the common importances of fingerprints is that it helps in setting up the identity of an…
Q: What benefits and costs could a business expect from improving or changing the payment system?
A: ADVANTAGES OF CHANGING/IMPROVING PAYMENT SYSTEM : Faster and secure transactions Minimum set up…
Q: A retail. Store stocks two types of shirts A and B. These are packed in attractive cardboard boxes.…
A:
Q: Describe project integration management in your own words. How does project integration management…
A: Project integration management is indeed the process of coordinating all project components. This…
Q: Please answer, i'll leave thumbs up!!! 07. D (15) (20) (10) (10) E (30) (15) The figure above shows…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 2. Мaximize z = 5x1 + 2x2 subject to: 2x, + 4x2 0.
A:
Q: LM.53 In an effort to reduce costs, many regional power companies want to lower their safety stock…
A: It is given that OEM, has assigned 8 power companies, for the rapid replenishment program, and power…
Q: A foundry produces circulaar utility access hatches (manhole covers) currently 400 covers are…
A: Productivity is a ratio of output volume bt the volume of inputs. It helps in estimating the…
Q: Case Study: Strategic Workforce Planning at Dutch Railway Infrastructure Manager- ProRail Traffic…
A: ProRail To deal with their expanding backlog and the proliferation of shadow IT, ProRail…
Step by step
Solved in 2 steps with 2 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Conduct the ABC analysis for a convenience store, using the following percentages A inventory - most important items, generating 60% of sales B inventory - items generating the next 30% of sales Cinventory - items generating <10% of sales Stock (units) |Unit price Revenue 1000 $ 1.89 Product АВС Candy bars Cereal 200 $ 4.50 Cookies 400 $ 4.00 Milk 100 $ 2.00 200 $ 3.00 500 $ 1.50 Muffins Soda Hints 1. sort by revenue (largest to smallest) 2. calculate % of total revenue for each item 3. run a cumulative % for the items 4. identify the cut-off for each category You can run the entire exercise sorting and extending the table aboveA firm cost of good sold averages P2,000,000 per month, and it keeps an inventory equal to 50% of its monthly cost of good sold on hand at all times. Using a 365 -day year, what is its inventory conversion period? Standford Packing had sales of P3.2 million and a gross profit margin of 35% last year. If Standford inventory averaged P0.4 million last year, What was the length of the average age of inventory?
- I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?Dara Jones, operations manager of Arrow Distributing Corp., likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. $17,300 $14,230 $1,100 $8,440 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is Net Revenue Cost of sales Inventory Total assetsYour company has the following items in inventory: Unit Cost $9 $90 $6 Item A B с D E F G H Annual Demand 1200 100 4500 400 35 250 1000 100 $150 $2000 $120 $90 $75 a) What is the annual dollar volume for all items b) Perform an ABC analysis on the data. Which are the A items, the B items and the C item: c) Why is it desirable to classify items into groups, as the ABC classification scheme does? d) Define and discuss the term "productivity" with help of productivity equation.
- ***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 daysCompany B is a retailer of mobile phones in Australia that works 250 days in a year. The manager would like you to determine a minimum-cost inventory plan for an upcoming mobile phone to be launched in the market. They have collected the following information: • Annual demand: 750 phones • Phone cost: $1,005 each• Phone RRP: $1,149 each• Net weight: 167 g each • Tare weight: 257 g each• Annual inventory holding cost: 27.5%• Cost per order to replenish inventory: $81.71• Annual in-transit holding cost: 10%• Freight rate (per kg): $8.10• Freight-related charges (per shipment): $276.50 (i.e. handling fee, dangerous good fee, and lithium battery fee)• Time to process order for freight: 2 day • Freight transit time: 5 days The manager wants you to determine the following information: a. Economic order quantityb. The total purchasing costc. The total ordering cost d. The total inventory holding coste. The total transportation cost (by weight)f. The total freight-related cost (by shipment) g.…10 Use the information presented in the graph to answer the following questions: Annual Cost C3 C2 Q1 You are also given the following information: Q1 =450 .Q2 = 700 C1 = 350 C2 = 750 1300 Q2 Order Quantity Which annual inventory cost component does the blue line represent? Total cost Which annual inventory cost component does the green line represent? Holding cost What is the Economic Order Quantity (EQ9) based on th Which annual inventory cost component does the red line represent? Ordering cost 220
- Micro-Electronics Warehouse Headset and Webcam Sale Item Type Reg. Price After Savings Price BuddyChat 200 Headset $34.72 $24.40 BuddyChat 300 Headset $41.27 $34.91 BuddyCam HD Webcam $83.54 $61.46 You have decided to purchase the headset with the greatest markdown percent and the BuddyCam HD webcam in order to take advantage of an "Extra $15 Rebate" offer when you purchase both. What is the markdown percent on your total purchase including the rebate?Suzuki is a company that manufactures motorcycles. It produces 450 motorcycles a month. It buys tyres for motorcycles from Dunlop at a cost of $20 per tyre. The company’s inventory carrying cost per tyre is estimated to be 15% of the cost per tyre. The cost per order is calculated at 250% of the cost per tyre. Rquirement: i) Calculate the EOQ. ii) Determine the number of orders per year? iii) Compute the total cost.Dara Jones, operations manager of Arrow Distributing Corp., likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,480 $14,740 $1,010 $9,220 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is