(a) Is it justified to reject the order? (b) Briefly explain four qualitative factors that are relevant when evaluating such type of decision.
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Kimberly Ltd manufactures and markets a Fizzy drink, which is sold for Rs 25 per can. Current output is 30,000 cans per month, which represent 60%of capacity. The company has the opportunity to utilize their surplus capacity by selling their product at Rs 16 per can to a supermarket chain. Total costs for the last month were Rs 550,000 , of which Rs 130,000 were fixed costs. The immediate reaction from the manager was to reject the order because total unit cost exceeds the special price. Required: (a) Is it justified to reject the order? (b) Briefly explain four qualitative factors that are relevant when evaluating such type of decision.
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- 32.What is meant by deficient demand? Explain its causes and consequences?Toys "R" Us had cost of goods sold of $12,355 million, ending inventory of $3,187 million, and average inventory of $2,343 million. Its days' sales in inventory equals:Please provide answers to subparts d to J: Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings: d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan h. The number of orders i. Ordering point j. The profit from this inventory plan
- Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing carrier can cost $2,200. A 150-passenger jet costs about $150,000 to operate from Raleigh to Atlanta. The average ticket price is $2,000. Table. The frequency of no-shows NO-SHOWS FREQUENCY 1 15 2 10 3 10 4 5 5 5 6 5 a. how many seats should be overbooked? (show your calculations) b. Korean Airline increased the average ticket price from $2,000 to $3,000 on its Atlanta/Seoul route for the holidays. How would the increased ticket price affect the number of seats overbooked? (show your calculations)Explain continuous replenishment?Customer satisfaction is the desired result of any supply chain management strategy. Q.1 - Explain to the managers of Converse, the relationship between flexibility, inventory, and customer satisfaction.Q.2 - Converse sneakers are produced in Indonesia. Identify the most suitable method of transport to be used for delivery from Indonesia to stores in South Africa. Motivate your answer. Q.3 - Would the following warehousing activities be necessary for Converse’s business?• Storage• Bulk breakingExplain your answer
- Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information:• Annual demand: 800 phones• Phone cost: $1,093 each• Phone RRP: $1,249 each• Net weight: 169 g each• Tare weight: 111 g each• Annual inventory holding cost: 25%• Cost per order to replenish inventory: $70• Annual in-transit holding cost: 10%• Freight rate: $8.10 per kg• Time to process order for freight: 1 days• Freight transit time: 2 daysSolve this problem using a non-linear programming (NLP) model to determine the followings:g. The total cost for this inventory planh. The number of ordersi. Ordering pointj. The profit from this inventory plan need answer for g to j along with excel solver solutionCompany B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information:• Annual demand: 800 phones• Phone cost: $1,093 each• Phone RRP: $1,249 each• Net weight: 169 g each• Tare weight: 111 g each• Annual inventory holding cost: 25%• Cost per order to replenish inventory: $70• Annual in-transit holding cost: 10%• Freight rate: $8.10 per kg• Time to process order for freight: 1 days• Freight transit time: 2 daysSolve this problem using a non-linear programming (NLP) model to determine the followings:j. The profit from this inventory planCompany B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings:d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan h. The number of orders i. Ordering point j. The profit from this inventory plan
- Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings: a. Economic order quantity for the phone in units and in kg b. The total cost for purchasing the phones c. The total cost for ordering d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan…Where possible, the inventory costing method shouldmimic actual product flows.” Do you agree? Explain.Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $28,600 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $38,600 so he can obtain the bank's approval for the loan. Sales Cost of supply chain purchases Other production costs Fixed costs Profit 260,000 169,000 36,400 26,000 28,600 % of sales 100% 65% 14% 10% 11% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $38,600? What is the cost of material with a $38,600 profit? % in supply-chain costs is required to yield a profit of $38,600, for a new cost of supply chain A decrease of purchases of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.) b) What percentage improvement is needed in a sales strategy…
