PM CTC is engaged in selling shoes for the military. Upon checking on PM CTC’s supplier, it takes 8 days in between placing an order and eventually receiving it. On the average, they sell 2000 pairs of shoes per day. Determine PM CTC’s reorder point.
Q: An automobile dealer expects to sell 729 cars a year. The cars cost $12,000 plus a fixed charge of $...
A: Here, given annual demand =729 cars, this number of cars are expected to be sold. The delivery charg...
Q: Explain why a critical feature of effective risk management lies in the attitude adopted towards ris...
A: Risk management is the approach to manage the potential risks through identification, analysis and a...
Q: What role does a security risk assessment have in the organisation?
A: A Security Risk Assessment often called SRA can be stated as the evaluation or assessment that gener...
Q: .•• 2.11 hired by a local restaurant to perform a factor-rating analysis to help the restaurant choo...
A: Outsourcing is the business practice of recruiting a party outside an organization to perform benefi...
Q: 15. Paryente Times, Inc, a publisher headquartered in Manila, wants to assign three recently hired c...
A: The assignment problem is a special type of linear program. In this type of problem, allocation is m...
Q: The average lead time is 10 days and the average daily usage of widgets is 20. The company has deter...
A: A reorder point (ROP) is a detailed level at which your stock needs to be reloaded. In simple words,...
Q: How to solve a problem regarding poor quality cost
A: Businesses and organizations take quality for priority until they face a disturbance in the business...
Q: A. Create a Gantt Chart using the normal time.
A: Gantt chart is the graphical representation that shows the relationship between the project tasks as...
Q: A paper published in the Harvard Business Review points out a new way to calculate economic profit t...
A: An individual's productivity is how much work they can do in a given measure of time. It's a straigh...
Q: Programme evaluation and review technique (PERT) is a project management technique that employs thre...
A: Program review and evaluation technique is a project management approach where the time required to ...
Q: Explain the importance of “Increased levels of productivity ensuring successful lives” and make an e...
A: The accomplishment of higher productivity is one of the primary points of any business venture. High...
Q: what is a turnkey contract what are advantage and disadvantages
A: Turnkey contracts are the type of contracts in which a contractor promises to build a project which ...
Q: Discussion Question #1- Using your "own words", discuss the differences among decision making under ...
A: Decision-making is the cycle of making decisions by recognizing a decision, gathering data, and eval...
Q: 10. Quarterly demand for Jaguar XJ8’s at a Tacloban Auto dealership is forecast with the equation, ...
A: Forecasting is used by companies to match supply with demand and to avoid opportunity costs issues. ...
Q: use of a diagram, show (illustrate) the typical levels of project staffing related to each phase an...
A: it is a concept designed to help the company first identify and then acquire the workers they need a...
Q: how would a homebuilder, landlord, or property manager justify the use of energy star appliances in ...
A: Energy star appliances are the products which uses less amount of energy. The more stars a product h...
Q: If an activity has a total duration of 8 days and the schedule is 50% complete, how many days until ...
A:
Q: 4) The choice of technology revolves around two basic questions: (1) What is the desired amount of...
A: Choices of technology has important implications for capacity planning, facility layout, equipment c...
Q: A project manager cannot make sound decisions without an accurate picture of the project's current s...
A: Project scheduling and project cost are two fundamental parts of any project. These two are directly...
Q: Your company has received an order for 60 units of a product. The labor cost to produce the item is ...
A: Given- Time for the first unit = 12 hourLabor cost = $22 per hourMaterial cost = $80 per unitOverh...
Q: What is Machine Scheduling in Integer linear optimization and put example.
A: A Small Introduction about Scheduling Scheduling is the method involved with organizing, controll...
Q: In terms of quality assurance, why is it crucial to validate methods?
A: First of all let us understand what is quality Validation Process validation is defined in a guideli...
Q: Briefly explain the 5 critical decision making criteria in Operations which can support mission and ...
A: Supply chain management is the management in which production of production services are managed. It...
Q: Dennis Geyer's company wishes to assign a set of jobsto a set of machines. The following table provi...
A: Given data is
Q: evelop a swot matrix for MacDonalds
A: SWOT is basically- S-strengths W-weaknesses O-opportunities T-threats
Q: re managers interested in forecasting sales figures for the next quarter. What different types of us...
A: Technology-enabled data analysis, known as business intelligence (BI), helps executives, managers, a...
Q: Solve Using Excel solver in Linear Optimization Problems. Must present the excel solver output inclu...
A: Given data is Cost to operate factory A = $1200 Production of scientific calculators in factory A = ...
Q: Discuss the concept of Project Crashing
A: When abbreviate the duration of a project by lowering the time of one or more tasks, this is known a...
Q: Management should think about the trade-offs between storing products in more places in different te...
A: A Small Introduction about Shipping Management Transport management is a significant piece of sea...
Q: Chapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the S...
A: Decision Variable: Suppose xij be the technical service provided from technician-i to Client-j.
Q: Where do problems in logistics happen more often? Why? How do these problems get fixed? Is there onl...
A: Companies manage logistics operations to handle the resources like raw materials or final items, fur...
Q: 1.5 George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he ...
A: Multifactor productivity considers all the available resources and calculates productivity. Multifa...
Q: tions to Operations Management. Need long answer.thanks for your help
A: An approach to management based on Six Sigma emphasizes statistical improvements to a company proces...
Q: 2. Consider the data given in the following table and give what is asked. Immediate Normal Time Cras...
A: Find the Given details below: Activity Predecessor Original duration (NT) (Days) Original cost (N...
Q: John Doe, a fraud examiner, has been hired by ABC Corporation to investigate a shortage of cash, whi...
A: Business frauds are often called illegal activities or operations. Business fraud can be stated as a...
Q: Using the Solver, find the solution and answer the questions given below the LP
A: The optimal solution can be developed as follows:
Q: 15. Is the act of purchasing or acquiring goods and services for company use. a. Purchasing departme...
A: A company that produces products usually purchases raw materials from suppliers. In order to manage ...
Q: Problem 4 A. Complete the following Table for Product A MPS Record for Product A Demand time fence: ...
A: Given data is
Q: According to Andy Growe, “Spending more time on planning should pay off in execution” what does this...
A: According to Andy Growe, “Spending more time on planning should pay off in execution”. This statemen...
Q: 1,) In a community of 100,000 adults, subscribers to the newspaper, the Tallahassee Democrat, tend t...
A: Process analysis is a method that permits an unmistakable understanding of an organization's busines...
Q: How best can natural resources conflicts be resolved
A: A Small Introduction about Conflict Management Conflict management is the most common way of rest...
Q: XYZ Leather Company manufactures and sells two products, wallets and belts, in its two-department pl...
A:
Q: One unit of A is composed of two units of B and three units of C. Each B is composed of one unit of ...
A: Develop a spreadsheet as shown below to get the desired answers.
Q: 10. The Project Manager and the Project Team will be listed on an Object-Based Communication Matrix....
A: A communication matrix - is the document outlining the communication administration plan for the pro...
Q: 1) List and explain the phases that mark the life of a project.
A: The project management and its lifecycle is a system of best practices employed to shepherd a task f...
Q: Chapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the S...
A: Decision variable- Suppose- Xij be the technical service provided by ith technician (i=1, 2, 3, 4...
Q: In developing an operations and supply strategy, which one of the following would be an important pr...
A: The detailed solution is given in Step 2.
Q: 1. Choose a CEO or a promise firm that you believe exemplifies strategic leadership? 2. What actions...
A: Challenges associated with strategic leadership: 1. High expense is the drawback of strategic leader...
Q: True or False: An inventory management system that relies primarily on the physical counts of invent...
A: The current answer is True.
Q: Covey believes effective people continuously sharpen their saws. What are the consequences of not sh...
A: Improving and upgrading yourself with the time is sharping your saws. It is enhancing yourself with ...
Step by step
Solved in 2 steps
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.A major automobile manufacturer located in Georgetown, Kentucky, has two certified vendors that produce brake pads with the information shown below. New Albany Manufacturing is located in Columbus, Ohio, and LaPlaya Manufacturing is located in Monterrey, Mexico. The automobile assembly factory is assumed to operate 250 days per year. CertifiedSupplier OrderSize (Q) Price per Unit (P) OversightCostper Unit (O) TransportCost perUnit (Ct) Order Cost(Co) Cost to StoreOne UnitOne Year (Ch) Order LeadTime inDays (L) New Albany Mfg. 59,000 $11.74 $0.00 $0.37 $255 $1.70 51 LaPlaya Mfg. 118,000 $11.08 $0.42 $0.87 $290 $1.35 99 Use the Total Supply Chain Cost Excel template to compute the supply chain costs associated with each supplier if the annual demand is 1,180,000 brake pads. Do not round intermediate calculations. Round your answer to the nearest dollar. Order quantity: 59,000 units 118,000 units Total procurement cost: $ $ Total management oversight…explain the Kraljic supply Matrix of McDonald's with a diagram
- Explore the concept of Vendor-Managed Inventory (VMI) and its synergy with the Wilson approach.Charlie’s Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by 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 ingre- dients and 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?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?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? LADistinguish between dependent and independent demand in a McDonald’s restaurant, in an integrated manufacturer of personal copiers, and in a pharmaceutical supply house.
- A pharmacist is trying to determine the inventory order and stock levels for a particular drug. The following information is available about the drug. 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? If the pharmacist uses the periodic review (P) system to control the inventory of the drug, what would be the review interval and target inventory level? (Hint: Use the EOQ model to derive the review interval P)Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every six weeks to take orders. Because the orders are shipped directly from Italy, they take five weeks to arrive. Charlie's Pizza uses an average of 160 pounds of pepperoni each week, with a standard deviation of 26 pounds. Charlie's prides itself on offering only the best-quality ingredients and a high level of service, so it wants to ensure a 99 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? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Amount of pepperoni's ordered poundsAnnual purchasing salaries are $65,000, operating expenses for the purchasingdepartment are $25,000, and inspecting and receiving costs are $25 per order. If thepurchasing department places 9000 orders a year, what is the average cost of ordering? What is the annual cost of ordering?