A wholesaler selling golf carts and mowers to golf courses might also carry grass seed and grass fertilizer. This would be an example of Multiple Choice bulk-breaking. sorting. accumulating. assorting. discrepancy of quantity.
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A wholesaler selling golf carts and mowers to golf courses might also carry grass seed and grass fertilizer. This would be an example of
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- You are the executive chef at a large wedding facility, and a wedding with a confirmed count of 168 is scheduled for tomorrow at noon. Everything has been ordered except the shrimp, which was missing from the last purchase order. It will have to be a last-minute rush order, and only one supplier can get it to you in time. The purchase order will be for frozen raw, U 16-20, shrimp peeled, de-veined, tail-on, in 5-pound boxes (according to your spec for the product). You’ve dealt with this supplier before, and made a note to yourself on the jumbo shrimp spec that this vendor’s product averages 19 to 20 shrimp per pound and has a 96% yield. Catering policy dictates that a 10% buffer be provided for unexpected guests, and the catering menu states that 5 shrimp are to be served per person. If you have 4 pounds of good jumbo shrimp on hand, how much will you order for the wedding? Will there be any leftover product? How much?SLO 9.2. Expediting: May be caused by the buyer or the supplierIs caused by buyer behavior onlyIs caused by supplier behavior onlyMay be the result of legal noncomplianceIs a routine order tracking process SLO 10.1. Radio frequency identification (RFID) will: Eliminate bar coding and manual countingEliminate further investment in information technologySupplement bar coding to reduce theftBe more cost effective to implement than bar codingImprove data capture but slow down inventory pickingInventory tracking is concerend both ith the quantity and the location of the goods in inventory. Select one: a. True. b. False.
- A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of SKUs. Following are the characteristics of one item.Demand (D) = 64 units/week 1Assume 52 weeks per year2Ordering or setup cost (S) = $50/orderHolding cost (H) = $13/unit/yearLead time (L) = 2 weeksStandard deviation of weekly demand = 12 unitsCycle-service level = 88 percenta. What is the EOQ for this item?b. What is the desired safety stock?c. What is the reorder point?d. What are the cost implications if the current policy for this item is Q = 200 and R = 180?Edwarldo’s Manufacturing uses 2,400 units of a product per year on a continuous basis. The product Carrying Cost are $60 per year and Ordering Cost are $250. It takes 20 days to receive a shipment after an order is placed and the firm requires a safety stock of 8 days of usage in inventory. Show Computations and Explanations. A. Calculate the Economic Order Quantity (round up the answer to the nearest whole unit) (Format: 111) B. Calculate the Total Cost per year to order and carry this item. (Format: 1,111) C. Their supplier has notified the company that if they increase their order quantity by 58 units, they will give the company a discount. Calculate the Dollar Discount that the company will have to at least give to Edwarldo’s Manufacturing to be indifferent. (Format: 111)The purpose of EQQ is: A. measure the cost of ordering inventory B. to lower the level of inventory C. to determine the optimal amount of inventory to order D. to find the number of days before inventory needs to be reordered
- Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 112, 500 units per year, an ordering cost of $3 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be? d. What is the total cost of ordering and carrying inventory?Here are statistics on order sizes of Megalith Construction Supply’s shipments of two kinds of construction materials last year. Girders Rivets Mean 160 2800 Std. Dev. 48 702 Which order sizes have greater variability? Multiple Choice Rivets Cannot be determined without knowing n Girders They are the same.5 The ABC model of inventory control categorizes products according to the revenue earned by them.Select one:a. True.b. False.
- The following information relates to the forthcoming period:-Order costs = $25per orderHolding costs = 17% of purchase priceAnnual demand = 16,000 unitsPurchase price = $17 per unitOrder quantity = 650 unitsRequired:-What are the total annual costs of inventory?A publisher did an inventory of his three book titles. There are a total of 315 of such books. There are half and third of the second and third titles respectively as much as the first. How many of the first book does the publisher have in stock? a. 182 b. 172 c. 180 d. 170The production system's objective of minimizing inventory investment is centrally important to which of the following stakeholders? OA VP Marketing ObVP Quality OVP Manufacturing Od VP Finance