7. A company wants to store the following seven SKUs so there is a 100% accessibility.Items are stored on pallets that are stored four high.a. How many pallet positions are needed?b. What is the cube utilization?c. If the company bought racking for storing the pallets, how many pallet positions areneeded to give 100% accessibility?SKUABCDEFGTotalNumber of Pallets Pallet PositionsRequired14174033402234

Answered: 7. A company wants to store the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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QUESTION 20 What are purchased items or extracted materials that will be transformed into components or products called? A. finished goods inventory B. MRO inventory C. raw materials inventory D. distribution inventory E. work-in-process inventory QUESTION 21 Which inventory function exists between the manufacturing plant and the distribution plant? OA. transportation inventory OB. lot-size inventory C. anticipation inventory D. fluctuation inventory E. speculative inventory QUESTION 22 In inventory management, when discussing customer service we mean: OA. whether repair of the product is available. B. whether the product is available regardless if the customer desires it or not. OC. whether the product is available when the customer wants it. OD. whether the customer wants the available product. OE. whether the customer is available when the product is.
2. Atlanta D = 80,000 annual demand 5% holding cost Purchase cost $13.00/unit Ship quantity = 1,000/container Cost to place PO = $50/PO Shipping cost = $1,200/container Annual order cost Annual holding cost Annual logistics cost Total purchase cost Total annual costs |||||||||| =
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Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 300 days. Setup labor cost Annual holding cost Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) $60.00 per hour $19 per unit 1,040 units/day 33,000 (300 days x daily demand of 110 units) Q = 260 units a) Setup cost = $ b) Setup time = (round your response to two decimal places). minutes (round your response to two decimal places).
The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…
Companies that invest in their people will create long-lasting competitive advantages that are difficult for other companies to duplicate Question 12 options: True False
Labuan. The company recently purchase the new equipment that able to reducesthe labor jobs needed to produce the shopping carts. Prior to buying the newequipment, the company used five workers, who produced an average of 80 cartsper hour. Workers receive RM10 per hour, and machine cost was RM40 per hour.With the new equipment, it was possible to transfer one of the workers toanother department, and equipment cost increased by RM12 per hour whileoutput increased by four carts per hour.a) Compute labor productivity under each system.b) Compute the multifactor productivity under each system.c) Comment on the changes in productivity according to the two measures, andon which one you believe is the more pertinent for the situation.
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