A poplar cafee shop is famos for itscopee. The annoal demand for cofee bears15 6600 ases and is table aertime.The costof ordering.cofe beans from itssoppliers is $a00 per order. The hold ingcost is fairly high at $40/0se peryear.The care is open 369.1.0etermine fhe econamic arder acantityP20elenmire the mini mam total anroal inventary3.0elermine tre optimal nober of ardersper year P4. Determine the oftimal tim-Getceeenorders(indap).

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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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can you please help me answer this question.... Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable. Historical Cost Replacement Cost Product Quantity per unit per unit A 17 $430 $499 B 140 325 299 C 38 75 69
Boreki Enterprises has the following 10 items ininventory. Theodore Boreki asks you, a recent OM graduate, todivide these items into ABC classifications.ITEM ANNUAL DEMAND COST/UNITA2 3,000 $ 50B8 4,000 12C7 1,500 45D1 6,000 10E9 1,000 20F3 500 500G2 300 1,500H2 600 20I5 1,750 10J8 2,500 5a) Develop an ABC classification system for the 10 items.b) How can Boreki use this information?c) Boreki reviews the classification and then places item A2 intothe A category. Why might he do so?
Michael’s Offi ce Supply (MOS) sells offi ce furniture,equipment, and supplies. Th is week the company has received 50customer orders. Each order has an average of fi ve line items. Th eaverage dollar amount of each order is $1200. MOS was able toship 47 of the 50 orders on schedule.(a) Using the percentage of orders shipped on time, calculatethe customer service level.(b) If Michael’s calculates customer service level by using thepercentage of line items shipped on schedule, how manyline items must be shipped to achieve the same customerservice level calculated in part (a)?(c) If Michael’s calculates customer service level by thepercentage of dollar volume shipped, how many dollarsof product must be shipped to achieve the same customerservice level calculated in part (a)?(d) What factors determine the customer service levelmeasure that MOS should use?
11. Determine planned purchases (a) at retail and (b) at cost for a month with the following planned figures: Round to the nearest dollar. Sales $148,000 Markdowns 8,400 BOM Stock 310,500 EOM Stock 340,000 Markup 48%
Joe, the owner of Genuine Reproductions (GR), a companythat manufactures reproduction furniture, is interested inmeasuring inventory eff ectiveness. Last year the cost of goodssold at GR was $3,000,000. Th e average inventory in dollars was$250,000.(a) Calculate the inventory turnover for GR.(b) Calculate the weeks of supply. Assume 52 weeks per year.(c) Calculate the days of supply. Assume that GR operates5 days per week.
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15,630 Cost of sales $12,190 Inventory $1,090 Total assets $8,770 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
The Suregrip Tire Company carries a certain type oftire with the following characteristics:Average annual sales = 600 tiresOrdering cost = $40 per orderCarrying cost = 25 percent per yearItem cost = $50 per tireLead time = 4 daysStandard deviation of daily demand = 1 tirea. Calculate the EOQ.b. For a Q system of inventory control, calculate the safety stock required for service levels of 85, 90, 95,97, and 99 percent.c. Construct a plot of total inventory investment versus service level.d. What service level would you establish on the basis of the graph in part c? Discuss.
Describe the purpose of usinABC analysis in inventory andprovide explanation for eachcategory.
be an upsurge in Lerentyl demand but, if it does come, it probably wont be this year and it will be far bigger than the AFU can cope promotion of our other products and capital investment in other are already committed to considerably increased expenditure on At et We see then that 's sevative side don't we con t afford in an at on and product get was e used for proving nough can won't be this year and it will be far bigger than the AFU with anyway, so we might as well have three Chemling p Cope that tìme.' Questions 1. How do the two alternative process technologies (Chemline nities and AFU) differ in terms of their scale and automation2 mine, but What are the implications of this for Prochem? 2. Remind yourself of the distinction between feasibility. acceptability and vulnerability discussed earlier (see Chapter 5). Evaluate both technologies using these criteria. 3. What would you recommend the company should do? ngs, gy is e to
what is PARQ
Define P&G inventory Models, P&G Organizations inventory/how do P&G manage inventory/types/ How many types of inventory P&G have?
Define P&G inventory Models, P&G Organizations inventory/how do P&G manage inventory/types/ How many types of inventory P&G have? Please if possible give in text reference.

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