Metro Trading owned a factory to produce the automobile parts and has the following inventory, carrying and storage costs: 1. Annual Sales is 300,000 units. 2. The carrying cost is 20% of the purchase price; 3. The purchase price is RM25 per unit; 4. The ordering cost is RMI,500 per order, 5. The desired safety stock level 8,000 units; 6. The delivery time is I week (7days). d) What is the average inventory level? e) How much does the total annual inventory cost? f) Prepare a graph to shows your order point determination.
Q: L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investi...
A: Inventory management is the management in which stock is sourced, stored, and sold in the market as ...
Q: Touch Toiletries, Inc. has developed an addition to its Lizardman Cologne line tentatively branded O...
A: The break-even point refers to the point at which aggregate cost and aggregate revenue are equivalen...
Q: Look into the possibility of adopting project management software to assist you more effectively con...
A: A Small Introduction about Project Management Project management gives construction and control o...
Q: With an overall cost of goods totaling $64,000 and sales of $181,000, what is the food cost percenta...
A: Food cost percentage is a proportionate measurement between total inventory cost and total sales. H...
Q: Consider the following cases, each of which is a consulting client: 1.. The American motorcycle com...
A: Critical Success factors are the critical cycles that are fundamental for the success of the busines...
Q: Please help with this problem. Thanks.
A: The given LLP problem can be solved as below:
Q: Nagle Electric, Inc., of Lincoln, Nebraska, must replace a robotic Mig welder and is evaluating two ...
A: Given Machine A Fixed cost = $83,000Variable cost = $13 Capacity = 16,000 units
Q: 4. Determine a strategy for Wal-Mart to improve online sales. 5. Write a report to management that d...
A: A creating pattern for large numbers of these retail outlets is the way that the vast majority of th...
Q: A process includes 9 tasks and there are 3 workers. Each task can be assigned to only one worker and...
A: Given data is Number of tasks = 9 Number of workers = 3 Task Processing time 1 60 2 70 3 25...
Q: Discuss how aggregate plans is implemented in service organizations. Give example
A: Aggregate planning Aggregate planning is to estimate a company's demand and output capacity over the...
Q: Q. 12 The simple operation of a small phone-order retail company is mapped below. Average order pr...
A: Given- Flow rate = 2 per minuteAverage processing time of Receive orders = 4 minutesAverage proces...
Q: Please help me with this homework
A: The SWOT analysis is a way to analyze a company's competition and setting specific priorities.A SWO...
Q: .Research more information on the world’s top 10 tourism destinations and their locations. If there ...
A: Following is the list of Countries which were in the top 10 as per the tourist arrival and there n...
Q: a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the ...
A: The multiple regression equation is ŷ = 90 + 48.5x1 + 0.40x2. Here the independent variables x1 and ...
Q: (a) Calculate the order quantity and reorder point. (b) Determine the annual holding and ordering co...
A: Holding cost is the cost incurred during the holding, storing and managing of the inventory stock in...
Q: As Jim and Debbie Taylor, what would you do about Proximity’s lending business? Consider its relevan...
A: Whenever anyone lends (also known as "finance"), they are allowing another individual to acquire any...
Q: Why might it be helpful to bring out the charter when people are arguing over a decision? What is m...
A: Nearly every sort of dispute management process depends on some type of ground rule. Ground rules a...
Q: Productivity is efficiency plus effectiveness. What is efficiency? Effectiveness? Briefly discuss ea...
A: Productivity is a concept having different aspects and is related to effectiveness and efficiency.
Q: Construct the appropriate control chart with 3o limits. Plot the data and determine whether the proc...
A: In this, case, the leakage is a defect. For defective items, a C-bar control chart is used.
Q: • 4.29 The number of disk drives (in millions) made at a plant in Taiwan during the past 5 years fol...
A:
Q: 2) How to terminate a process? How to do process termination? 3) What is the critical region? Ho...
A: Termination of a process is required when further improves, and the errors or default condition. The...
Q: please answer in 30 minutes. A company uses transportatiom mode analysis to decide whether to choose...
A: In logistics and supply chains, the transit of material or product requires the firm to invest money...
Q: Question 4: There are 4 departments in a shop. Each department is represented by A, B, C and D. Each...
A: The store layout is the design of a store's floor space and the situation of things inside that stor...
Q: IT Strategy?
A: Originally developed in the early 1990s, business process re-engineering (BPR) is an organizational ...
Q: Freeport Brothers have recently purchased a process management system. Cabling installed in the plan...
A:
Q: You are a scheduling manager for a small group of government contractors working in the Sudan. Becau...
A: Legend: The cell with respective colors show the legend.
Q: Explain the many forms of collaboration technologies and how they may be utilised to improve project...
A: Collaborative technologies are a combination of powerful online collaboration software that make it ...
Q: 1. Explain why time management is essential in our daily routine?
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: how corporations may be harmful to human health
A: The scope of public health research has increased during the previous three decades. Its focus has e...
Q: Kyobo's Rockers manufactures two models, Standard and Premium. Weekly demand is estimated to be 100 ...
A:
Q: 1) Table below is for a product with 150 unit lot size. The current on-hand inventory is 110 units. ...
A: given,
Q: demong view on supplier relationship 7 deming view on supplier relationship
A: Deming - was one of the notable advocates of quality, & his principles regarding the managerial ...
Q: As manager of the St Cloud Theatre Company, you have decided that concession sales will support them...
A:
Q: Refer to the Value Stream Map. What does the letter E represent? Group of answer choices a. Sum of...
A: In Value Stream Map symbols are there that are used to depict the process of material- and informati...
Q: How was Rita Crundwell able to embezzle nearly $53 million over almost 20 years and what role does t...
A: A Small Introduction about Fraud Fraud is a deliberately tricky activity intended to give the culpr...
Q: Acadia Logistics anticipates that it will need more distribution center space to accommodate what it...
A: Given: Requirement(in sq. Ft.) Probability 210,000 0.45 360,000 0.25 510,000 0.15 660,00...
Q: What are the fundamental concepts of system analysis?
A: Systems analysis can be understood as a process which enables to conduct the study of a procedure or...
Q: What are the advantages of understanding the development of Process Flow Diagram? Is it necessary f...
A: Flowcharts make visual portrayals of processes. For this explanation, they are famous among develope...
Q: Which is NOT a goal of modern quality management? Select one: a.Building an everlasting product b.C...
A: Quality management is a a process of keeping all the activities in a desired level of excellence. Co...
Q: Sometimes, a consumer does not choose an option that maximizes utility. Why?” Justify and give three...
A: Utility means a want satisfying power of a commodity and a product without utility is worthless beca...
Q: a) Using exponential smoothing, with a = .6, then trend analysis, and finally linear regression, dis...
A: given,
Q: Demonstrate knowledge of key programme and quality management methodologies and operations managemen...
A: There are four different industrial revolution. 1st IR - is the use of metals, not just stone and w...
Q: You are a marketing manager for a food products company, considering the introduction of a new brand...
A: Since you have submitted a question with multiple subparts, as per guideline we have answered the fi...
Q: What do you think are the limitations of the flow process chart? Then suggests ways to answer these ...
A: Flowcharts have many limitations, that can be listed down as below:
Q: The following gives the number of accidents that occurred on Florida State Highway 101 during the la...
A: Given-
Q: Determine whether project management software can assist you in keeping a tighter grip on project ex...
A: Project management software is the system that helps manager to control project cost and schedule.
Q: An investment firm provides its customers mobile applications that significantly simplify traditiona...
A: Innovating to a new form creates an opportunity for firm to capture a large market share and to gets...
Q: Tej Dhakar's company wants to establish kanbans tofeed a newly established work cell. The following ...
A: Given: Daily demand= 250 unitsLead time =1 2day Safety stock =14 day Kanban size =50 units
Q: Discuss how shifting from traditional operations system to lean system will be done for: A Service ...
A: Traditional operations system involves maximizing the productivity or the production run with an aim...
Q: Capacity Describe the types of incapacity? Define the considerations for each for incapacity? What i...
A: A Small Introduction about Capacity Capacity is alluded to as a measure of the info assets accessib...
Step by step
Solved in 2 steps with 1 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.2. Based on the records of ABC company, the annual demand for item HP26 has annual demand of 6,582 units. The ordering cost per order is PhP105, and the holding per unit per year cost is PhP136. a. What is the Economic order quantity? b. What is number of times the company will order? What is the annual carrying cost? c. d. What is the annual ordering cost? e. What is the total inventory costs incurred at EOQ?ECUR UMIC ORDER QUANTITY CALCULATIONS (2 QUESTIONS) Company uses 800 units of a product per year on a continuous basis. The product year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the a safety stock of 5 days usage in inventory. has carrying costs of $50 A. Calculate the economic order quantity a. 98 B. Determine the reorder a. 150 days (3 CASH DISCOUNTS point. ONS) (Assume (EOQ). a 360-day year.) per unit per firm requires
- Economic Order Quantity and Reorder PointFind the economic order quantity and the reorder point, givenAnnual demand ( D )= 1, 000 unitsAverage daily demand ( d¯ ) = 1, 000 ∕365ordering cost ( S ) = $5 per orde rHolding cost ( H ) = $1.25 per unit per yearLead time ( L ) = 5 daysCost per unit ( C ) =$12.50What quantity should be ordered?Catlea Merchandising is engaged in selling school shoesfor both boys and girls in their teenage years. Catlea needs 32,000 pairs of shoes in a year in order to satisfy the market demand. It costs ₱ 48 to place an order while ₱ 8 is needed to hold each quantity of shoe in Catlea's inventory. Upon checking on Catlea's supplier, it takes 8 days in between placing an order and eventually receiving it. a. Determine the Economic Order Quantityb. Determine the number of order per monthc. Determine the reorder pointEpworth Co. predicts that it will use 360,000 gallons of material during the year. It anticipates that it will cost $72 to place each order. The annual carrying cost is $4 per gallon. a. Determine the most economical order quantity by using the EOQ formula. b. Determine the annual order and carrying costs at the EOQ point.
- A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bagsa year. Preparing an order and receiving a shipment of sugar involves a cost of P 135.Annual carrying costs are P 630 per bag. The bakery operates 280 days per year.Lead time = 2 weeks.a. Determine the economic order quantity.b. What is the average number of bags on hand?c. When should the bakery order for more sugar?d. How many times per year will the bakery order for sugar?Question 1 For supply item ABC, Andrews Company has been ordering 400 units per week. A new purchasing agent has been hired by the company who wants to start using the economic-order- quantity method and its supporting decision elements. She has gathered the following information: Annual demand in units Lead time, in days Ordering costs Insurance and handling costs Purchase price per unit Return on cash investment 20,800 5 $22 $7 $15 15% RequiredDETERMINING INVENTORY MODELS FSYHILD is a manufacturing company of made to order face shield. It is producing products at a constant rate with a requirement of 5,500 face shields per quarter throughout the year. If ordering costs are P35.00 per order, unit cost is P10.00 per face shield, and annual inventory holding cost are charged at 30% of the units cost. A. What is the EOQ for this component? B. What is the expected time between orders? C. What are the total annual inventory and holding cost associated with your EOQ recommendation? D. Assuming a lead time of 5 days, what is the reorder point? E. What is the total cost if the management decides to increase the demand by 75%?
- The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?A manufacturing company produces two products X and Y. Each product X requires one A and two Bs. Each B requires one C and one D. Each product Y requires 1 C and 4Ds. Table Q5A shows data from the inventory records of components. Table Q5A Data category A B C D Lot - sizing rule Fixed order quantity = 250 Lot for lot Lot for lot Fixed order quantity = 1000 Lead time 3 weeks 2 weeks 1 week 2 weeks Beginning inventory 70 0 200 800 The MPS for products X and Y is given in Table Q5B. The on-hand inventories are as follows: X = 100, Y = 30. The only scheduled receipts are 250 units of X in period 2.The lead times are as follows: X = 2 weeks, Y = 3 weeks. The chase strategy is used for both products. Table Q5B Demand in period Product SS 1 2 3 4 5 6 7 8 X 50 300 200 250 Y 30 400 Required: a) Draw a product structure tree for each product. b) Develop…Based on the records of ABC company, the annual demand for item HP26 has annual demand of 6,582 units. The ordering cost per order is PhP105, and the holding per unit per year cost is PhP136. a. What is the Economic order quantity?b. What is number of times the company will order?c. What is the annual carrying cost?d. What is the annual ordering cost?e. What is the total inventory costs incurred at EOQ?