urrently, the store places orders to the supplier, weeks, fixed order cost per order is $100, each box book), what should be the safety stock value?
Q: Amelio Rodríguez Computing wants to establish an assembly line for producing a new product, the…
A: Given, Target = 180 PDAs per hour Available time = 1 hour = 3600 seconds
Q: Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all…
A: Slope b=(n∑xy-∑x∑ y)/(n∑ x^2- (∑ x)^2) Intercept a=(∑ y-b∑ x)/n Equation y = a+bx Where y= TV sales…
Q: Please answer part D to the below four part question. I've included the answers for the first three…
A: Please note that the provided answers are not relevant to the actual questions. here I have solved…
Q: Martin Manufacturing has implemented several programs to improve its productivity. They have asked…
A: Productivity is a measure of economic performance by comparing the number of goods and services…
Q: Calculate the reorder level ii Calculate the maximum level of inventory iii Calculate the…
A: Inventory management is the process of forecasting, ordering, and storing products so that they are…
Q: All possibly paths through the network diagram Duration of each of the paths identified Float of…
A: Slack is the time in your project when you can make changes without impacting the timeline or…
Q: 18hth must be at least 5 (the number TopLathes plus the number BigPresses must be a 5). All machines…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Which projects should be selected? What is the total net present value of these projects
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Can we use CPFR in SMEs?
A: CPFR stands for Collaborative Planning Forecasting and Replenishment. Participants in a supply chain…
Q: PART A Speedy Bicycle Company (SBC) is a wholesale distributor of a wide variety of bicycles and…
A:
Q: Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies…
A: Ordering cost is the cost that the company incurred during the purchase and transporting the…
Q: Discusses design and innovation at Dyson Appliances Limited (DAL). As a purchasing manager, advice…
A: A purchasing manager has very high responsibility that s/he must take very seriously. The job is…
Q: The relative size of errors is shown by: Residuals O MSE O Bias O MAD O MAPE
A: Forecasting errors are common in a variety of industries. They are usually caused by human mistakes,…
Q: Please to use 450 as daily output desired and 560 minutes as total time available per day for…
A:
Q: Q: Given the current values for the decision variables, what's the value in cell 830 which…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: An operations planner, Lovell Bradley, is developing a sales and operations plan that involves back…
A: If production plus beginning inventory is greater than the demand of period, then ending inventory…
Q: Answer these questions: a. Construct a c-chart to monitor this process. b. Plot the c-chart graph.…
A: A C-chart is a type of control chart that is used for monitoring the process of production. The…
Q: ABC INVENTORY CLASSIFICATION A company trades with a number of items and the management is…
A: A' items – items account for 85% of the annual consumption value of the items (asked 82% so taken up…
Q: What are the importance of Quality Assurance department for the national and international…
A: There are numerous strategies followed by organizations to accomplish and keep up with required…
Q: Spencer Enterprises is attempting to choose among a series of new Investment alternatives. The…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: • Draw the Network diagram. • Calculate expected time and variance for each activity. Find the…
A: The critical path is a project management technique that identifies the sequence of tasks that must…
Q: Which of the following is likely to be data rather than information? a. Top 3 suppliers with the…
A: Data: Data is a collection of unprocessed, raw facts and information, such as text, observations,…
Q: In an M/M/1 queueing system, the arrival rate is 8 customers per hour and the service rate is 11…
A: Given, Arrival rate λ = 6 / hour Service rate μ = 8 / hour (1) Probably that server will be idle P…
Q: 1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in…
A: Find the total cost equations below: Location x = Fixed cost (x) + (Variable cost (x) * Units (x))…
Q: Table 4.1 shows his list of the various activities needed for replacing an existing boiler with an…
A: Path with the longest duration is the critical path. Activities which have 0 slack value denotes the…
Q: c. Distinguish between design capacity and effective capacity. Provide a brief example. d. Why is…
A: Design Capacity Vs Effective Capacity: Design Capacity: Design capacity is defined…
Q: identify critical components of the procurement cycle
A: NOTE: We are allowed to do one question only. Ans 1. Procurement is the process of getting supplies…
Q: L.P. Model: Maximize Subject to: Z= 1X + 10Y 4X+3Y ≤36 2X+4Y ≤ 40 1Y27 X,Y 20 (C₁) (C₂) (C3) 1.)…
A: MAX zx = x1 + 10 x2 subject to 4 x1 + 3 x2 ≤ 36 2 x1 + 4 x2 ≤ 40…
Q: Calculate the average inventory
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: ← Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past…
A: Safety stock is the stock that company keep for safety purpose to fulfill the customers' demnd…
Q: Question sti Saved All of the following can be said about network diagrams EXCEPT: For making a…
A: A : For making a network...... This is false because there is no such constraint to represent a…
Q: Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in special…
A: Given data: Target weight μ =14 kg Tolerance limit =+/- 2.4 kg Standard deviationσ= 0.7 kg
Q: Based on the above data: What is the Economic Order Quantity (EOQ) for this product? How many orders…
A: Inventory management is a process that involves the planning and control of the stock of products.…
Q: chain analysis. Critically discuss the primary value chain activities ( Inbound logistics,…
A: The systems that a business or organization employs to generate revenue are combined into a value…
Q: You are employed as a quality manager at Mr Price in Durban. Critically analyse how you would…
A: Total quality management (TQM) is a method of management that focuses on long-term success through…
Q: Q-1)Find the optimal solution for the Lpp below by using the graphical method ? Max z=X1+X2 S.TO…
A: Find the Calculations below: Graph: Based on the above graph we conclude that the feasible region…
Q: terminology of the MRP system.
A: Since this question asks to discuss about the six system aspects and/or terminology of the MRP…
Q: Determine whether the following is a feasible sales and operations plan. Assume that the company has…
A: Given data: Available labor hours during the next period = 56000 hours Total labor hours required…
Q: Define the supply chains for the following products from the first source of raw materials to the…
A: Production is the process of transforming the raw materials into the finished products and services…
Q: describe one IT resource acquisition strategy and propose a network management system
A: A network management system (NMS) is an application or set of applications that lets network…
Q: Mr. John produces a special type of shoes on an assembly line. The process involves eight different…
A: To ensure the smooth flow of work in a product line, assigning tasks to workstations with…
Q: The total cost, excluding normal time labor costs, for Plan A = $. (Enter your response as a whole…
A: Find the Calculation methods below: Output forecast = (Production - Demand) + Subcontract…
Q: You are an SME (Small and Medium Enterprise) specialising in footwear in South Africa. You have…
A: Manufacturing of commodities as well as services in foreign places and markets is the focus of…
Q: NETWORK Job Activity Initial Node Final Node Expected time A 1 2 2 B 1 3 3 C 1 4 4 D 2 5 3 E 2 9 3…
A: Based on the given relationships, the following network can be formed.
Q: How does the insurance grievance redressal mechanism works in your country ?
A: Insurance Grievance Redressal Mechanism :Having a complaint or a grievance with the insurance…
Q: Control Charts are a tool to help monitor forecast accuracy. True False
A: The control chart is a kind of graph that may be used to analyze the dynamic behavior of a process.…
Q: Item A has a gross requirement of 2,400 in week 6. Currently, there are 200 Item A's on hand with…
A: Given, Gross requirement in week 6 = 2400 On hand inventory in week 1 = 200 Scheduled receipts in…
Q: What would be product life cycle of Samsung galaxy s6 and Samsung galaxy s21
A: Product Life Cycle Product Life Cycle of a product is referred to the total time duration of a…
Q: Kaplan, Inc. produces flash drives for computers, which it sells for $20 each. The variable cost to…
A: Kaplan, Inc. produces flash drives for computers, which it sells for $20 each. The variable cost to…
Q: Organisations face an important decision in choosing how supplier performance is to be measured.…
A: Businesses that have a solid supply chain have a far better chance of succeeding. Maintaining solid…
Step by step
Solved in 2 steps
- Demand (D) 85 tablets/week Working weeks per year 52 weeks Unit holding cost per year (H) $6 Order cost (S) $44/order Standard deviation of weekly demand (sd) 15 tablets Lead time (L) 2 weeks Desired cycle service level 95% If the pharmacist uses the continuous review (Q) system to control the inventory of the drug, what would be the order quantity and reorder point?L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code L. Houts Plastics Charlotte Inventory Levels Avg. Value Inventory (units) ($/unit) Dollar Volume % of Dollar Volume 1289 360 3.75 2347 300 4.00 1,200 37.58 2349 120 2.50 300 9.40 2363 60 1.50 2394 60 1.75 105 3.29 2395 30 1.75 6782 20 1.15 23 0.72 7844 12 2.05 25 0.77 8210 8 2.00 8310 7 2.00 14 9111 6 3.00 18 0.44 0.56 3,193 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be…L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code L. Houts Plastics Charlotte Inventory Levels Avg. Value Inventory (units) ($/unit) Dollar Volume % of Dollar Volume 1289 420 3.50 1470 2347 300 4.00 1,200 36.05 2349 120 2.50 300 9.01 2363 65 1.50 98 2394 60 1.75 105 3.15 2395 25 2.25 56 6782 7844 12 8210 10 8310 9111 22076 1.15 23 0.69 2.05 25 0.74 2.00 20 2.00 14 0.42 3.00 18 0.54 3,328
- Explore the concept of Vendor-Managed Inventory (VMI) and its synergy with the Wilson approach.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?Why do the basic EOQ model variations not include theprice of an item?
- Discuss why is it not necessary to include product cost in the EQQ model, but the quantity inventory system, discount model requires this information ?3. Fortnex is a company that assembles small household appliances including coffee makers, toasters, and food mixers. The parent company of Fortnex has been concerned about the rising product cost of the finished products, which has led to reduced profit margins. One of the demands of the parent company has been to review the inventory management practices of Fortnex. Two areas which Fortnex is currently investigating are economic order quantity EOQ and ABC analysis. Perform the following. (i) At present the company purchases copper wire for a certain appliance under economic order quantities based on the information given in Table 3-1. The supplier of copper wire is proposing a discount of 5% of unit price if Fortnex purchases in lot sizes of 1000 kg. rather than the calculated EOQ. Determine if Fortnex should take advantage of the price discount. Justify your response. For a particular series of referenced products, the number of units used a year, and the unit cost are as shown in…Exercise on EOQ and TAIC: Data: D = 7000 flyers, Q = 500 flyers S = $100, k = 28%, C = $2, number of days/year = 350 days Calculate the total cost and the total inventory cost to see if the company's ordering policy needs to be changed. If yes, how should it be changed? Question 2: This year's forecast for D is 8000 flyers/year. The following price list is given according to quantity: Quantity Price 599- 999 2,5$ 1000- 1999 2$ > 2000 1,5 $ How should the ordering policy be changed? (Note: questions about ordering policies like this require finding two factors: when to order and how much to order each time.)
- question #3 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. With a safety stock of 300 boxes, what is the approximate service level (round to two decimals)? Numeric Response 84.13 * f5 10 f6 0 4- ♫+ fg C fil W f12. insert prt sc + 11 Ə ← delete backspace home num lock 4x D end 1:23 PM 11/15/2022 pg upL. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round individual dollar volumes to two decimal places. Also round percentage of dollar volume to two decimal places.) L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Inventory (units) Value ($/unit) Dollar % of Dollar Volume Volume 1289 360 4.00 2347 300 4.00 1,200 36.20 2349 120 2.50 300 9.05 2363 75 1,50 2394 60 1.75 105 3.17 2395 35 2.00 6782 20 1.15 23 0.69 7844 12 2.05 24.6 0.74 8210 5 1.60 8310 7 2.00 14 0.42 9111 3.00 18 0.54 3,315.1 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number…question #5 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. Under the current order quantity of 5,000 boxes and current reorder point of 4,200 boxes, what would be the order-up-to level S that the retailer should use as a baseline to calculate how much inventory to order when conducting a periodic review? Numeric Response 1500 f4 ***** LA f5 40 % f6 4- 0 C + & 7 < Prev. 門 fg KAA * 8 5 of 5 DII hp f10 DDI 9 Next fi W f12. insert prt sc + 11 ( ← delete backspace home num lock end 1:24 PM 11/15/2022 pg up