28080F34 / 5 |100% +B4. Amy Zeng, owner of Zeng's Restaurant Distributions, supplies nonperishable goods torestaurants around the metro area. She stores all the goods in a warehouse. The goodsare divided into five categories according to the following table. The table indicates thenumber of trips per month to store or retrieve items in each category, as well as thenumber of storage blocks taken up by each.Item CategoryMonthly Trips Area Needed (Blocks)Paper Products50Dishes, Glasses, and Silverware16Cleaning Agents6Cooking Oils and Seasonings30Pots and Pans12The following picture of the warehouse provides an identification number for each of the 16storage blocks. For each item category, indicate into which blocks it should be stored.13579 11 13 15DockAisle468101214162SACDIIF8JUN16 O000000F42útvF5OO(O6CMacBook AirF68F724226DDF9

Item Category Monthly Trips Area Needed (Blocks) Paper Products 50 2 Dishes, Glasses, and…

4. Amy Zeng, owner of Zeng's Restaurant Distributions, supplies restaurants around the metro area. She stores all the good are divided into five categories according to the following t number of trips per month to store or retrieve items in eac number of storage blocks taken up by each.

4. Amy Zeng, owner of Zeng's Restaurant Distributions, supplies restaurants around the metro area. She stores all the good are divided into five categories according to the following t number of trips per month to store or retrieve items in eac number of storage blocks taken up by each.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.
A clothing manufacturing company requires raw materials for 8 consecutive weeks as follows: 30, 40, 50, 35, 60, 30, 40, and 30 units with a one-time order cost of $50,000 and a storage fee of $500 per unit/week. From these data calculate the total cost of procurement using:a. Lot For Lot (LFL) Methodb. Economic Order Quantity (EOQ) Methodc. Period Order Quantity (POQ) Method Using this table format: Week 1 2 3 4 5 6 7 8 Gross requirements Schedule receipts Projected on hand Net requirements Planned order receipts Planned order releases
Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 335 and standard deviation = 67. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.)
Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.30 a copy. You sell a copy of San Pedro Times for $1.10. Daily demand is distributed normally with mean = 265 and standard deviation = 53. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) Optimal order quantity b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) Probability
Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.45 a copy. You sell a copy of San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) 8 Answer is complete but not entirely correct. Optimal order quantity 0.05 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) * Answer is complete but not entirely correct. Probability 3 X %
2. The following table contains figures on the monthly volume and unit costs for a random sampla et 16 items from a list of 2,000 inventory items at a health care facility: Unit Cost Usage Item Unit Cost Usage Item K34 $10 200 F99 20 60 К35 25 600 D45 10 550 K36 36 150 D48 12 M10 16 25 D52 15 110 M20 20 80 D57 40 120 Z45 80 200 N08 30 40 F14 20 300 P05 16 500 F95 30 800 P09 10 30 a. Develop an A-B-C classification for these items.
Becky Shelton, a teacher at kemp middle school is in charge of ordering the T-shirts to be sold for the school's annual fund-raising project the t-shirts are printed with a special kemp school logo. In some years the supply of T-shirts has been insufficient to satisfy the number of sales orders. In other years, T-shirts have been left over. excess T-shirts are normally donated to some charitable organization. T-shirts cost the school $7 each and are normally sold for $14 each. Ms Shelton has decided to order 790 shirts. Required 1) if the school receives actual sales orders for 715 shirts, what amount of profit will the school earn?what is the cost of waste due to excess inventory? 2) If the school receives actual sales orders for 830 shits, what amount of profit will the school earn? What amount of opportunity cost will the school incur? a) Profit $1,050 waste due to excess inventory b) Profit opportunity cost
Determine an A-B-C classification for these items: Which items are A, B, and C - explain how you derive the answers? Use a table or excel spreadsheet to illustrate your work. Item Unit Cost Annual Volume (000)1 300 252 90 303 30 604 50 105 15 706 100 407 10 60 Hint:Determine the Annual Dollar Value (Unit Cost * Annual Volume) for each item and the sum of the individual Annual Dollar Values. Arrange the items in descending order based on Annual Dollar Values. Then, determine the percentage of items and the percentage of…
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X
A clothing manufacturing company requires raw materials for 8 consecutive weeks as follows: 30, 40, 50, 35, 60, 30, 40, and 30 units with a one-time order cost of $50,000 and a storage fee of $500 per unit/week. From these data calculate the total cost of procurement using:a. Lot For Lot (LFL) Methodb. Economic Order Quantity (EOQ) Methodc. Period Order Quantity (POQ) Methodd. In your opinion as an operations manager at the company which method would you choose? Explain, why?
PT Cahaya Pintar Utama (PT. CPU) makes special lights that are popular in new homes. PT. CPU demand for two popular lights (VX-1234 and BX-1010) to be the following over the next 12 weeks, as listed in Table 2. Table 2. Demand data Week 1 2 3 4 5 6 7 8 9 10 11 12 VX-1234 82 94 78 96 105 90 86 75 88 98 110 100 BX-1010 250 280 301 312 290 300 275 286 310 334 350 318 A key component in both lights is a light socket that the bulb is screwed into in the base fixture. Each light has one of these sockets. Given the following information (Table 3). Table 3. Information VX-1234 BX-1010 Light Socket On Hand 185 425 620 Lot Size 325 600 500 (purchase quantity) Lead time (week) 1 1 3 Safety Stock 0 10 20 On Order 50 (week 5) 150 (week 4) - Questions: Develop and complete the material requirement planning to plan the production of…