1. Consider the pressures for small vs. large inventories. Which situation does Crayola seem to fit, and why? 2. Explain how both independent and dependent demand items are pres- ent at Crayola.

9.15 If the annual cost of goods sold is $30,000,000 and the average inventory is $5,000,000: a. What is the inventory turns ratio? b. What would be the reduction in average inventory if, through better materials management, inventory turns were increased to 10 times per year? c. If the cost of carrying inventory is 25% of the average inventory, what is the annual savings?

ABC Company had the following inventory information:   Beginning inventory: 500 units at $10 per unit Purchases: 1,000 units at $12 per unit Sales: 800 units Ending inventory: 700 units Calculate the cost of goods sold for ABC Company.

This 3-part question about your Operations Management habits is based on the topics of EOQ and Reorder Point: Part 1: Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation of 9  At what inventory level do you order to ensure a 90% service level? Part 2: Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of your refrigerated storage for the milk is valued at $61 per year.  What quantity of milk should you order at each order? Part 3: You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days. When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?

FIN301 Welders is looking into acquiring MIS301 Fabricators. They're looking closely at MIS301's financial records. Data for the years 2014 and 2015 on MIS301’s performance is provided below. What was MIS301's inventory turnover in 2014?   2014 2015 Sales $50,256,700 $52,090,765 Beginning Inventory $6,780,340 $6,540,380 Ending Inventory $6,540,380 $6,772,890 Cost of Goods Sold  $32,890,340 $34,120,700 Group of answer choices

A bagel store orders cream cheese from three suppliers, Cheesy Cream Corp. (CCC), Super Smooth & Sons (SSS), and Bagel's Best Friend Co. (BBF). One month, the total order of cheese came to 100 tons. (The store does do a booming trade.) The costs were $80, $50 and $65 per ton from the three suppliers respectively, with the total cost amounting to $6,710. Given that the store ordered the same amount from CCC and BBF, how many tons of cream cheese were ordered from each supplier? Cheesy Cream Corp.____ tons Super Smooth & Sons ____tons Bagel's Best Friend Co. _____tons

Define functional and non-functional requirements. What are the business criteria for a secure online purchasing system?

An efficient supply chain would be most closely aligned with which of the following production strategies?   Group of answer choices   a Design to order b Job shop c Continuous flow d Make to stock