What costs are incurred as a result of waste management in the food industry in the inventory management of operations management
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What costs are incurred as a result of waste management in the food industry in the inventory management of operations management ?
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- A supply chain that must deal with high levels of both supply and demand uncertainty.Which is not a flow in the supply chain? funds raw materials information productb) As a local car manufacturing company, illustrate the various types of inventory flowing through the supply chain from the supplier up to the end customer.
- How does the decisions of the supply chain affect the organizationIdentify the concepts and their corresponding description, obtained from the survey of a construction company: In the context of a construction company, it is required to maintain the organization of different works that the company carries out. Our client is in the habit of organizing a set of tasks into what is called a batch. Items are used as units of work intermediate level, to which a limited amount of material can be assigned to fulfill the tasks that compose them. It is necessary to distinguish the suppliers and the prices of each material, even if there is only one supplier for each material. Although rare, tasks can have an associated machine; but generally, they have more than one. The machines are not related to the work other than by the tasks and the items; and only operators with category “A” can operate them. All workers are paid according to their category and the hours worked, regardless of the work. ➢ Carry out the definition of the types of objects found. ➢ Develop…What type of cost is covered due to waste management in the food industry.
- The Fizer Drug Company manufactures over-the-counterand prescription drugs. Last year the company’s cost ofgoods sold was $470 million. It carried average raw materialinventory of $17.5 million, average work-in-process of $9.3 million, and average finished goods inventory of $6.4 mil-lion. The company operates 365 days per year. Compute the company’s inventory turns and days of supply for last year.1. Explain how the new supply chain solution affected the warehouse workers and the company.Your head of division has asked you to evaluate the alternatives for producing newly designed jig on milling machine. He gives you the following facts: An old milling machine valued at RM 150,000 exists in the warehouse that can be modified for the new jig. The production line supervisor has given an estimate of RM 25,000 to modify this machine. It is hoped that the milling machine will be able to meet production requirements at full capacity. Another vendor, CARE Sdn Bhd, has produced the machine five years ago and can easily do the same modifications for RM45,000. The cooling system used for this machine is not environmentally safe and would require some disposal costs. CARE Sdn Bhd has offered to build a new milling machine to be more environmental friendly and a higher capacity for a price RM250,00. For this scenario: (a) Define the problem statement. (b) Explain ONE (1) key assumption. (c) Explain THREE (3) alternatives available.