A firm has 56 units of product X on hand. Forecasts ofdemand are for 20 units per week. An MPS quantity of 100units is planned to arrive in period 3. Customer orders are24 for period 1, 18 for period 2, and 15 for period 3.What is the projected on-hand inventory at the end ofperiod 2?Multiple Choice14321220impossible to say without more information A firm has 43 units of a certain product on hand. Forecastsfor the first two planning periods are 20 units each. Aproduction quantity of 80 units is planned to be availablein period 3. Customer orders are 22 for period 1 and 17 forperiod 2. What is the projected on-hand inventory at theend of period 2?Multiple ChoiceO2111220impossible to say without more information

The "projected on-hand inventory" describes the quantity of a specific good or service that a…

Answered: A firm has 56 units of product X on…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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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?
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. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
March demand was pridicted at 590 units of gear cycles of trevaa ltd. But the actual demand was 400 units only so fourth the company now want to forecast the april demand using exponential smoothing model with constant alpha of 0.72., calculate the same
Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *
Flamingo Educational Services, a company located in the Tema metropolis, is a nationwide market leader in the publishing and distribution of textbooks for first and second cycle schools. Somehow, Flamingo does not use forecasts for production planning. Instead, the operations manager decides which books to produce and the batch size, based on orders and the amounts in inventory. The books that have the fewest amounts in inventory get the highest priority. Demand is uneven, and the company has experienced being overstocked on some items and out of others. Being under-stocked has occasionally created tensions with managers of the retail bookstores the company works with. Flamingo is on the verge of losing a lucrative contract with the Ghana Education Service over a complaint that the books produced over the last four months have defective binding as well as slight but noticeable variations in print quality and sizes of the finished books. Some staff members, however,…
Given the demand data, answer the following questions below. Year Sales 1 - 123 2 - 118 3 - 109 4 - 112 5 -100 6 -110 7 -124 8 - ? ** The annual demand forecast for Year 1 to Year 7 is given in the table above, what is the demand for Year 8 using a 3-year moving average method.a.) 102b.) 108c.) 101d.) 103
Sales in hunderds) of XYX Cc for the previous 7 months are 80, 82. 88, 95, 103, 105 and 122 respectively. Forecast the sales by 4 point moving average method for the forthcoming penod Oa 10260 units Ob 10625 units Oc 11000 units d. 113500 units
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.
Problem 18-28 (Algo) The following are historical demand data: YEAR SEASON 2011 Spring Summer Fall 2012 Winter Spring Summer Fall Winter ACTUAL DEMAND 210 136 375 582 465 274 695 972 Use regression analysis on deseasonalized demand to forecast demand in summer 2013. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Forecast for summer 2013
The K&R Camera shop sells all the latest cameras and accessories. To meet customer demand, the manager must forecast demand for items she sells. Lately the XR-42S zoom lens has been very popular. Recent monthly demand for this item has been as shown: Number of Lenses Month Sold 1 12 17 2 3 4 15 20 18 23 6.
In order to predict pancakes, John's House of Pancakes uses a weighted moveable average process. It gives a weight of five to the demand in the preceding month, three to request two months ago and one to request three months ago. What is the prediction for August if revenues amounted to 1,000 pancakes in May, 2200 pancakes in June, and 3,000 pancakes in July?
The schedular at ZamTech uses MPS time-phased records for planning and item production. The planner is currently working on a schedule for a strut assembly, one of ZamTechs top-selling spare parts.The planner uses a production lot size of 170 and a safety stock of 15 for the strut assembly. The planner has the following forecasts (Ft) and orders (Dt) for the next 8 weeks, as shown in Table 1. Table 1 Week 1 2 3 4 5 6 7 8 Ft 130 130 130 140 140 140 145 145 Dt 45 38 18 Required: a) Help the master production scheduler to fill in the MPS time-phased record shown in Table 2 for the strut assembly. There are 120 units on hand. Table 2 1 2 3 4 5 6 7 8 Ft Dt EIt-1 Pt EIt ATPt b) Can the planner accept the following orders? Update the MPS time-phased record for accepted orders, in Table 3. Table 3 Order Quantity Desired week 1 120 4 2 144 6 3 100 2…

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