Describe the difference between carrying and stockout costs and Look up what are the different wastes of lean. Which of the wastes can occur within the inventory management process?

Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board assembly lines. Determine the size of the kanban for subassemblies and the number of kanbans needed. Setup cost Annual holding cost Daily production Annual usage Lead time Safety stock $30 $120 per subassembly 30 subassemblies 3,000 (50 weeks × 5 days each × daily usage of 12 subassemblies) 12 days 2 days' production Kanban container size = ☐ units (round your response to the nearest whole number).

Bipin

(1) An architect firm uses an average of 60 boxes of copier paper a day. The firm operates 280 days a year.Storage and handling costs for the paper are $30 a year per box, and its costs approximately $60 to orderand receive a shipment of paper.(a) What quantity order size would minimize the total annual inventory cost?________________________________________________________________________________(b) Determine the minimum total annual inventory cost.________________________________________________________________________________(c) The office manager is currently using an order size of 300 boxes. The partners of the firm expect theoffice to be managed "in a cost-efficient manner." Would you recommend the manager to use yourquantity from part (a) rather than 300 boxes? _______.Justify your answer (by determining the total annual inventory cost for 300 boxes):_____________________________________________________________________________