Additional problem 12-1 (Algo) With a 0.02 percent chance of a stockout, what is the z-value to use in calculating safety stock? (Round your answer to two decimal points.) Use Table B.2 Resulting Z-Value
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- Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value of items in the store was OMR 5,000 iii. Total items with value OMR 1,500 to OMR 3,000 were 500Problem 7 Lynne Chappell manages the inventory of supplies in a large hospital. To determine which items should be closely monitored, Lynne decided to use the ABC classification schemeto group the items on the basis of their value. Asthe following table shows, she took a random sample of20 items and recorded the annual usage and unit cost ofeach. How should each item be classified?Inventory Item Unit cost(in U.S.dollars) AnnualUsageP21 $80 800A12 $400 70K43 $50 100S54 $60 90C25 $50 130D76 $30 170E27 $20 200F38 $300 90H19 $520 120Q10 $10 100R82 $20 80G65 $80 70L71 $220 200M94 $70 80V45 $15 60T62 $30 180I17 $20 80W22 $300 90O37 $700 85N88 $5 100Question 1: Which of the following best defines " stockout costs"? options: A) They are physical goods used in operations. B) They are costs associated with retrieving inventory items from a workshop C) They are costs associated with interruptions to assembly lines D) They are associated with inventory being unavailable when needed to meet demand. E) None of the above. Question 2 At many LCBO stores in Ontario, Hennessy Cognac is kept in a clear locked case. Based on this information, according to the ABC Inventory Analysis method, is Hennessy most likely to be classified as an A item, a B item, a C item, or none of these? Question 2 options: A) C item B) None C) A item D) B item Question 3 What purpose does Rent the Runway's high-speed reverse logistics system serve? options: A) It allows the customers to return inventory to the fulfillment centre in record time. B) It allows the company to send inventory out to recipients (customers) in record time. C) It allows customers to return…
- Q#3 · Let p + 3q/2 = 27 be an equation involving two variables p (price) and q (quantity). Indicate the meaningful domain and range of this function when (a) the price (b) the quality are considered independent variables.Average daily demand (d) 130 cases Demand Standard deviation (σd) 20 cases Service level 94.0% Service level alternative 86.0% Lead tme, LT 6 days 1. What is the standard deviation of demand during lead time? Round your answer to one decimal place. _______ cases 2. What is the required safety stock at a 94 percent service level? Round your answer to the nearest whole number. _______ cases 3. What is the reorder point? Round your answer to the nearest whole number. _______ cases 4.What is the required safety stock at a 86 percent service level? Round your answer to the nearest whole number. _______ cases 5. What is the safety stock reduction? Round your answer to the nearest whole number. _______ casesCesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, suppées both educational and commercial customers with memory and storage devices. It currently faces the following ordering decision relating to purchases of disks Quantly needed to quality for the discount 6.900 disks What is the LOQ9 EDO-0 unts (round your response to the nearest whole number) D S 1 Purchase price Discount price 30,900 disks $25 21% 50 89 50.01
- Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 16 1 10 2 28 3 46 Random Number Simulated Demand 0.1 0.5 0.9 1.1. Safety stock and service levels are positively correlated. True FalseQ6) Tracking signals track changes in control limits can lead to an increase in cumulative errors can capture changes in trends track changes in demand updates none of the above Q7) In an inventory problem, the fixed ordering costs are increased but all other factors remain the same. This change will increase the optimum order quantity change the demand pattern reduce the optimum order quantity change the stockout costs increase the optimum lead time Q8) In an MRP system, the lead time to acquire or produce components is used in calculating net requirement from gross requirements net requirements from available planned order releases from planned order receipts lot sizes for scheduled orders none of the above
- L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code Avg. Inventory (units) Value ($/unit)1289 380 3.252347 300 4.002349 120 2.502363 70 1.302394 60 1.752395 25 1.756782 20 1.157844 12 2.058210 10…Which are some of the things that drive variability in demand management and forecasting? 1. MOQs 2. Promotional sales on products 3. Supplier contracting 4. Order fulfillment 5. Network planning 6. None of the above Please give me answer ASAP with clear explanation.True Blue says that annual margin for each of its loyalty program members averages $366.60. These customers order an average of 3.3 times per year, and contribution margin as percent of revenue averages 25% for these customers. Given these numbers, calculate average order size in retail dollars for True Blue's loyalty program members. Rounding: penny. Your Answer: Answer