Explain how would MPS schedule adjusted when safety stocks requirements are given
Q: How would you adjust MPS schedule when safety stock requirements are given?
A: The Master Production Schedule (MPS) is a tool to plan the production on the basis of your demand…
Q: what could be the main source of the inventory mess created by Sandusky.
A: Sandusky Winery has been a larger winery in the specific Ohio region for over 75 years & shares…
Q: Describe the 3 differences between a fixed-quantity (Q) and a fixed-period (P) inventory system? a
A: An inventory system is a process by which you follow your goods throughout your complete supply…
Q: Discuss the need to manage inventory in the monetary context.
A: Inventory is one of the most vital elements of any business model. A close tab on the passage of…
Q: L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An…
A: The A-B-C approach classifies inventory items according to some measure of importance, usually…
Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce…
A: Given data: Cost per box = $4 per box Salvage value per box = $1.50 per box Selling price = $10…
Q: Periodic inventory systems may be appropriate for ________________ a. Both small businesses and big…
A: The correct option is option b, Smaller businesses.
Q: Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1…
A: Inventory Turnover Ratio is calculated with the help of following formula Inventory Turnover Ratio…
Q: Annual demand= 360 units Holding cost per year = 1 $ per unit Ordering cost = $ 100 per order…
A: Annual demand= D = 360 units Holding cost per year = H = 1 $ per unit per year Ordering cost = O = $…
Q: Walrus Company has the following information available concerning one of its inventory items: Cost…
A: Days that can be covered by the safety stock = Safety stock/Average daily demand = 125/25 = 5 days
Q: What are the assumptions of the basic EOQ model, and towhat extent do they limit the usefulness of…
A: The demand rate is known and also equally distributed throughout the year. There is no time delay…
Q: ) The MD of the company seeks your expert advice on ways in which to determine the economic order…
A: THE ANSWER IS AS BELOW:
Q: Given an ordering cost of $200, a holding cost of $2 perunit, and a negligible lead time, examine…
A:
Q: Develop a lot-for-ot solution and calculate total relevant costs for the gross requirements in the…
A: Find the Given details below: Given details Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross…
Q: Boreki Enterprises has the following 10 items ininventory. Theodore Boreki asks you, a recent OM…
A: Solution a) ABC classification Item Annual Demand Cost/unit Annual Consumption Cumulative annual…
Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce…
A: Given information:Price of lettuce (P) = $11 per boxSelling Price of lettuce (SP) = $25 per…
Q: What is the purpose of inventory control?
A: A computerised inventory control system integrates all facets of inventory management into a single…
Q: Explain what are the advantages of inventory control?
A: Inventory control benefits include the ability to maintain a minimum and maximum level of inventory…
Q: When quantity discounts are offered, why is it not necessary to check discount points that are below…
A: A quantity discount is an incentive given to a purchaser that, when purchased in larger quantities,…
Q: Periodic inventory systems may be appropriate for ________________ a. Both small businesses and big…
A: Periodic inventory systems may be appropriate for ________________ b. Small businesses For the…
Q: Which of the following is NOT one of the major causes of the bullwhip effect? A. demand forecast…
A: The bullwhip effect means a condition in which the supply chain of an organization puts pressure to…
Q: Demand beyond planning horizon can be managed by keeping a safety stock. GIVE ME ME MOER DETALIS…
A: Given, Service level, α =95% , Lead time, L =4 weeks =1 month
Q: Problem 12.1L. Houts Plastics is a large manufacturer of injection-molded plastics in North…
A: ABC classification system:It is the system used for inventory control process. It refers to the…
Q: Define Inventory holding?
A: The process of storing inventory is called inventory holding. Companies hold inventory for avoiding…
Q: Explain what are just in time inventory pros and cons for a business?
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Q: Q2. AutoSupport Manufacturing, Inc. manufactures components used in the automotive industry.…
A: Given data: Annual demand = 1000 units - D Ordering cost = $150 - C Annual holding cost = 20% of…
Q: 5. Which of the following inventory technique is appropriate for the classification of inventory…
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Q: Fan Base (FB) operates a megastore featuring sports merchandise. It uses an EOQ decision model to…
A: This question is related to the topic - Inventory Management and This topic fall under Operations…
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A: 1. A perishable good is an item in which the quality of the product deteriorates with time due to…
Q: Q2) Groundz Coffee Shop uses 4 kgs of a specialty tea weekly; each kg costs $16. Carrying costs are…
A: NOTE - We will address the first of your questions since you asked so many. If you require an answer…
Q: Case Study 4: Inventory Management. I) A Furniture manufacturing company uses 1200 units of an…
A: Given: Annual quantity (D) = 1200 units The cost price = $250 per unit.The ordering costs = $600…
Q: Explain why is necessary to maintain inventory control?
A: Inventory is the stock material held by a business so that it may be distributed instantly to the…
Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…
A: Formula:
Q: A product's demand in cach period follows a Normal distribution with mean of 50 and standard…
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Q: - What is the monthly break-even quantity (QBEP)?
A: Breakeven quantity in9BEPd) indicating the point which facilitate no loss no profit situation. BEP…
Q: Q2) Clancy's Motors has the following demand to meet for custom manufactured fuel injector parts.…
A: Given - Holding cost = $2 per month Setup costs =$80 Lead time = 0
Q: Discusswhat is ABC analysis fundamental premise what are the three factors that suit into a ABC…
A: Content managers utilise the ABC analysis technique to organise their inventory. The ABC research…
Q: Subject: Logistic management Q): What are the concern of inventory control & overall objective of…
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Q: Explain the detailed steps in an ABC Analysis and illustrate the steps using the example of a…
A: Inventory management is the management in which products are stored, and sell in the market…
Q: Lead time for one of your fastest-moving products is21 days. Demand during this period averages I 00…
A: Given data is Lead time(L) = 21 days Demand during lead time(D) = 100 units per day
Q: Q3. What is inventory management? Explain in brief 4 functions of inventory management.
A: Inventory management refers to the method of ordering, storing, and employing a company's inventory.…
Q: Explain two usages of the importance of inventory.
A: Inventory management is the process related with operation management which helps to maintain the…
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Q: Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in…
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Q: Question 2 Consider the company in Question 1. Now the company is considering working with a local…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: What is the cause of inventory issued and what type of fundamental principles does it reveal?
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Q: State what is meant by Abc inventory classification system and indicate it's pros ?
A: Management is the method of purchasing, storing, then utilizing a business's inventory. This…
Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any…
A:
Explain how would MPS
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- Where possible, the inventory costing method shouldmimic actual product flows.” Do you agree? Explain.12. Determine the planned purchases for January (a) at retail and (b) at cost for the lingerie department when the seasonal merchandise plan indicates the following planned figures: Round to the nearest dollar. Sales $88,000 Markdowns 8% BOM Stock $81,000 EOM Stock $66,000 Markup 49%Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,220 February 4,320 March 4,020 April 4,420 May 5,020 June 4,720 July 5,320 August 4,920 September 5,420 October 5,720 November 6,320 December 6,020 Using linear regression analysis, what would you estimate demand to be for each month next year? (Round two decimal places) To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units…Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January February 4,100 4,200 March 3,900 April 4,300 May 4,900 June 4,600 July 5,200 August 4,800 September 5,300 October 5,600 November 6,200 December 5,90019. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted colors of spray paint during the year as follows. Beginning inventory 200 cans at $2.20 March 400 cans at $2.40 May 700 cans at $2.00 August 500 cans at $2.30 November 300 cans at S2.60 At the end of the year, they had 450 cans of spray paint in stock. (a) Find the inventory value using the weighted-average method. (b) Find the inventory value using the FIFO method. (c) Find the inventory value using the LIFO method.
- Q 12.30: Alvin's Apple Orchard manages inventory closely to maintain freshness. In the past four years, its current assets have fluctuated with demand and supply of fresh fruits. The following table reproduces selected balance sheet items: 2020 2019 2018 2017 Accounts 10.1% 11.9% 12.1% 12.4% receivable Raw material 7.0% 7.6% 7.8% 8.0% inventory Finished goods 5.2% inventory 4.6% 5.3% 5.4% Alvin's common size analysis shows that A inventory management improved over the period as a result of better control over raw material inventory. В inventory management deteriorated over the five years as a result of poor control over finished raw material inventory. C receivables are becoming easier to collect. inventory management improved over the period as a result of better control over finished goods inventory. DSu;bject: Logistic Management Q): What are the causes of poor inventory management & how manager control it & manage poor inventory? Q): What challenges faces in reverse logistic?Specialty Toys, Inc., sells a variety of new and innovative children's toys. As with other products, Specialty faces the decision of how may Weather Teddy units to order for coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team ask you for analysis of the stock-out probabilities for various order quantities, an estimate of the product potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty%u2019s sales forecaster predicted and expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and…
- Year Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1 503,425 10,300 12,400 2 643,056 12,400 11,200 3 690,432 11,200 10,670 4 734,509 10,670 11,200 5 758,734 ? 10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answerCompany B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings:d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan h. The number of orders i. Ordering point j. The profit from this inventory planCompany B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings: a. Economic order quantity for the phone in units and in kg b. The total cost for purchasing the phones c. The total cost for ordering d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan…