The reorder point for BB-1 is 60 sets. What level of safety stock should be maintained for BB-1? The optimal quantity of safety stock which minimizes expected total cost is sets (enter your response as a whole number).
Q: Michele Platini and Diego Maradona, planners for a company that makes several models of footballs…
A: Aggregate planning is a marketing activity that does an aggregate plan for the production process,…
Q: Discuss the challenges of inventory control.
A: The objective of this question is to discuss the challenges that are faced in inventory control.…
Q: what are the three basic cash management tools for any business and particularly healthcare?
A: The objective of the question is to identify and explain the three basic cash management tools that…
Q: Assume that you are the project manager for a project for enterprise system development for LLBGC.…
A: A project's logical and sequential relationships between tasks are shown visually in a project…
Q: A small bank is trying to determine how many tellers to employ. The total cost of employing a teller…
A: Arrival rate = 100Service rate = 120 Delay cost = 10Cost per teller = 10
Q: When backing up the data base of the LIS, where should the backup disc/tape be stored? In the…
A: The objective of the question is to identify the best location to store the backup disc/tape of the…
Q: a) XYZ Ltd has listed the following activities in respect of a project. Activity Preceding Activity…
A: Critical path method is project management tool (others e.g WBS, PERT). It uses flow chart of…
Q: How do you construct and implement the model? What does it look like?
A:
Q: Human Resources Business Discussion Using in-text citiations and APA format, respond to the…
A: Human Resource Management (HRM) can be defined as the strategic organisational function that focuses…
Q: From the Objectives listed below, kindly draft updated SMART Objectives Perform the Human Resource…
A: SMART is a framework used in project management regarding objectives. SMART stands for;S- SpecificM-…
Q: Your organization has decided to hire 2 new project managers. As you know when someone is hired…
A: Effective project estimation and planning play pivotal roles in the success of any organizational…
Q: In a car manufacturing company, an automated painting process has been introduced, and the quality…
A: Subgroup123456112.512.312.612.412.212.7211.811.611.911.711.512313.21313.313.112.913.4410.910.71110.8…
Q: Consider the information given below. Output Inputs 335,000 units 6,400 labor hours @ $14.00 per…
A: The efficiency with which a single input is utilized to generate a single output is known as…
Q: A bus company believes that it will need the following numbers of bus drivers during each of the…
A: Forecasting is the determining or predicting something based on the information and data.…
Q: Need a implementation plan for this : The Tack articulation inspection is one of the most time…
A: A crucial step in the certification process for components is the Tack Articulation Inspection…
Q: SPT sequence: Sequence -Select- -Select- -Select- -Select- Processing Time Due Date Average How…
A: Sequencing involves deciding the order in which tasks or jobs are performed in a production or…
Q: Company C currently sources keyboard components from various suppliers. Company C calculated that…
A: Transaction cost is incurred when an exchange is made in the market, i.e., either purchase or sale.…
Q: 10. Customers arrive an average of 8 per hour and an average of 12 customers can be served in an…
A: NOTE: We are allowed to answer one question at a time. Arrival rateA8.00Service rateS12.00
Q: A supply chain failure is defined as an interruption caused by external or internal operations that…
A: Effective supply chain management is crucial to manufacturing organisations' success in today's…
Q: A hospital in a rural community operates the ambulance service. The hospital purchases a new…
A: The objective of the question is to calculate the annual depreciation charge for the ambulance…
Q: what is the market size and growth rate of Subway fast food restaurant?
A: Subway is a global fast-food conglomerate known for its diverse sandwich offerings and expansive…
Q: First Printing has contracts with legal firms in San Francisco to copy their court documents. Daily…
A: Find the Given details below:
Q: Background For the signature assignment, you will develop an Action Plan for a new managerial…
A: This Apple Inc. proposal outlines a comprehensive strategic initiative that focuses on product…
Q: Use the EDD rule and compute the start time, flow time, lateness, and tardiness for each job. Use…
A: In project management, job sequencing refers to the logical arrangement of project tasks to ensure…
Q: With reference to "Avoiding the Bullwhip Effect" analyse the opportunities for improving supply…
A: The supply chain is the aspect of production management that is concerned with moving products and…
Q: Costs Fixed Locations A 500,000 B C 600,000 800,000 Variable 40 30 20 i. Based on costs, over what…
A: A decision-maker reaches an indifference point when they find two options equally desirable. When…
Q: Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given…
A: Changing a real-world issue into a mathematical model that can be managed with LP procedures is…
Q: 1. Waiting time, transportation, processing, and product defects are all part of the ____________…
A: 1. elimination of waste2. reduced cost3. waste5. reduce setup times7. both Lean and Six Sigma…
Q: You have been recruited as a member of the procurement team of JM investments and one of your key…
A: The objective of this question is to identify and explain four steps that JM Investments can take to…
Q: Jessica owns a successful cleaning company, Spring Clean. Her clients are businesses who require…
A: The objective of the question is to explain the concept of consequential losses and provide two…
Q: Consider the bill of materials (BOM) shown to the right. If inventory consists of 3 units of B, 1…
A: A Bill of Materials (BOM) is a list of all parts needed to produce a product. It contains the…
Q: Bhojraj Fabricators Inc. machines metal parts for the automotive industry. Under the traditional…
A:
Q: Please create fishbone diagram for the given case, sample in is also in the photo attached.
A: A fishbone diagram, also known as an Ishikawa or cause-and-effect diagram, is a visual tool used to…
Q: A county wants to build one centrally-located processing facility to serve the county's four…
A:
Q: A local project being analyzed by PERT has 42 activities, 13 of which are on the critical path. If…
A: Given:Critical path duration (mu) = 105Variance (v) = 25New duration (x) = 95
Q: Formulate and solve a spreadsheet model for this problem. Then use Solver's sensitivity report to…
A: The following information is provided:
Q: during a weekly team meeting dr jones expressed his concerns regarding the decline in patient…
A: The objective of the question is to identify the specific ratio that Lucy should use to determine…
Q: An automated machine runs for an 8-hr shift and requires an operator to run it. There are a few…
A: Let me state the given data
Q: How is Virtual Classroom training described?
A: Virtual Classroom Training, also known as Virtual Instructor-Led Training (VILT), is a type of…
Q: You have been recruited as a member of the procurement team of JM investments and one of your key…
A: The objective of the question is to identify and explain two roles that the procurement team of JM…
Q: Gibson Valves produces cast bronze valves on an assembly line, currently producing 1,500 valves each…
A: To find the new productivity after a 78% increase, start by calculating the increase in…
Q: Is the process in control? O A. No OB. Yes
A: X bar chart:UCL = 109.6LCL =34.9R bar chart:UCL = 93.85LCL =0
Q: A small call center normally has four employees answering calls while open. On average, seven calls…
A: Processing time refers to the duration taken for an entire procedure to run and the number of…
Q: Analyze any five (5) decisions that operations managers might make to ensure and attain quality in…
A: In the increasingly competitive industrial scene, obtaining and maintaining high-quality standards…
Q: A farmer in Lufyanyama has 2000 acres of land on which he can grow maize, wheat and Soya beans. Each…
A: For Maize:Cost for preparation: K200 per acreMan-days of work: 14 days per acreProfit: K60 per…
Q: ve customers brought in computers to be repaired to a small shop. Estimated repair times (in days)…
A: Early Due Date (EDD) is a scheduling rule that is used by the organization to sequence jobs in…
Q: Which is not a force driving organizational change? Question 1Answer Workforce diversity…
A: The question is asking us to identify which of the given options is not a force that drives…
Q: A Florida lottery machine and printer at Store #8302 operates 360 days a year. If the machine does…
A: The objective of the question is to calculate the expected cost of a breakdown per day and the…
Q: A process considered to be in control measures an ingredient in ounces. Roberto Baggio, a quality…
A:
Q: A company is deciding if it should design a product in-house or outsource the design. If outsourced,…
A:
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Mr. Beautiful, an organization that sells weight training sets, has an ordering cost of $45 for the BB-1 set (BB-1 stands for Body Beautiful Number 1). The carrying cost for BB-1 is $5 per set per year. To meet demand, Mr. Beautiful orders large quantities of BB-1 5 times a year. The stockout cost for BB-1 is estimated to be $45 per set. Over the past several years, Mr. Beautiful has observed the following demand during the lead time for BB-1: Demand During Lead Time 100 120 140 160 180 200 Probability 0.1 0.2 0.2 0.2 0.2 0.1 The reorder point for BB-1 is 140 sets. What level of safety stock should be maintained for BB-1? The optimal quantity of safety stock which minimizes expected total cost is sets (enter your response as a whole number).Mr. Beautiful, an organization that sells weight training sets, has an ordering cost of $35 for the BB-1 set (BB-1 stands for Body Beautiful Number 1). The carrying cost for BB-1 is $15 per set per year. To meet demand, Mr. Beautiful orders large quantities of BB-1 7 times a year. The stockout cost for BB-1 is estimated to be $15 per set. Over the past several years, Mr. Beautiful has observed the following demand during the lead time for BB-1: Demand During Lead Time 100 110 120 130 140 150 Probability 0.1 0.2 0.2 0.2 0.2 0.1 The reorder point for BB-1 is 120sets. What level of safety stock should be maintained for BB-1? The optimal quantity of safety stock which minimizes expected total cost is (enter your response as a whole number). sets
- Mr. Beautiful, an organization that sells weight trainingsets, has an ordering cost of $40 for the BB-1 set. (BB-1 stands forBody Beautiful Number 1.) The carrying cost for BB-1 is $5 per setper year. To meet demand, Mr. Beautiful orders large quantities ofBB-1 7 times a year. The stockout cost for BB-1 is estimated to be$50 per set. Over the past several years, Mr. Beautiful has observedthe following demand during the lead time for BB-1: The reorder point for BB-1 is 60 sets. What level of safety stockshould be maintained for BB-I?Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 58,800 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory Total costs units units a-4. What is the total cost of ordering and carrying inventory for second year? LADavid's Delicatessen flies in Hebrew National salamis regularly to satisfy a growing demand for the salamis in Silicon Valley. The owner, David Gold, estimates that the demand for the salamis is pretty steady at 175 per month. The salamis cost Gold $1.85 each. The fixed cost of calling his brother in New York and having the salamis flown in is $200. It takes three weeks to receive an order. Gold's accountant, Irving Wu, recommendsan annual cost of capital of 22 percent, a cost of shelf space of 3 percent of the value of the item, and a cost of 2 percent of the value for taxes and insurance. How many salamis should Gold have on hand when he phones his brother to send another shipment?
- David’s Delicatessen flies in Hebrew National salamis regularly to satisfy a growing demand for the salamis in Silicon Valley. The owner, David Gold, estimates that the demand for the salamis is pretty steady at 175 per month. The salamis cost Gold $1.85 each. The fixed cost of calling his brother in New York and having the salamis flown in is $200. It takes three weeks to receive an order. Gold’s accountant, Irving Wu, recommends an annual cost of capital of 22 percent, a cost of shelf space of 3 percent of the value of the item, and a cost of 2 percent of the value for taxes and insurance.a. How many salamis should Gold have flown in and how often should he order them?b. How many salamis should Gold have on hand when he phones his brother to send another shipment?c. Suppose that the salamis sell for $3 each. Are these salamis a profitable item for Gold? If so, what annual profit can he expect to realize from this item? (Assume that he operates the system optimally.)d. If the salamis…Charlie’s Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops every four weeks to take orders. Because the orders are shipped directly from Italy, they take three weeks to arrive. Charlie’s Pizza uses an average of 150 pounds of pepperoni each week, with a standard deviation of 30 pounds. Charlie’s prides itself on offering only the best quality ingredientsand a high level of service, so it wants to ensure a 98 percent probability of not stocking out on pepperoni. Assume that the sales representative just walked in the door and there are currently 500 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order? (Answer in Appendix D)Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 97,200 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. What is the economic ordering quantity? How many orders will be placed during the year? What will the average inventory be? What is the total cost of ordering and carrying inventory?
- Floral Beauty, Inc., is a large floral arrangements store located in Asheville Mall. Bridal Lilies, which are a specially created bunch of lilies for bridal bouquets, cost Floral Beauty $19 each. There is an annual demand for 22,000 Bridal Lilies. The manager of Floral Beauty has determined that the ordering cost is $85 per order, and the carrying cost, as a percentage of the unit cost, is 14%. Floral Beauty is now considering a new supplier of Bridal Lilies. Each lily would cost only $17.50, but to get this discount, Floral Beauty would have to buy shipments of 2,000 Bridal Lilies at a time. Should Floral Beauty use the new supplier and take this discount for quantity buying? d) What is the total annual inventory cost (including purchase cost) for the current supplier? e) What is the annual holding cost for the new supplier (when purchasing 2,000 each order)? f) What is the total annual inventory cost (including purchase cost) for the new supplier (when I Need help on the formulas…Floral Beauty, Inc., is a large floral arrangements store located in Asheville Mall. Bridal Lilies, which are a specially created bunch of lilies for bridal bouquets, cost Floral Beauty $19 each. There is an annual demand for 22,000 Bridal Lilies. The manager of Floral Beauty has determined that the ordering cost is $85 per order, and the carrying cost, as a percentage of the unit cost, is 14%. Floral Beauty is now considering a new supplier of Bridal Lilies. Each lily would cost only $17.50, but to get this discount, Floral Beauty would have to buy shipments of 2,000 Bridal Lilies at a time. Should Floral Beauty use the new supplier and take this discount for quantity buying? d) What is the total annual inventory cost (including purchase cost) for the current supplier? e) What is the annual holding cost for the new supplier (when purchasing 2,000 each order)? f) What is the total annual inventory cost (including purchase cost) for the new supplier (when I Need help on the formulas…Golden Crust Bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual holding costs are $75 per bag. Once an order for flour is placed, it takes six (6) days to receive the order from the flour factory. The bakery operates 350 days per year. Calculate the following: Economic Order Quantity Expected number of orders (Order Frequency) Average inventory The annual holding cost The annual ordering cost The total annual cost of inventory management Reorder point If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost?