Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Explain how is ordering in small lot sizes essential for just in time implementation and what benefi are epected to be achieved ?
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- Flora is preparing for her busy season and is building 2500 Model A fountains. Calculate the gross requirements for each component assuming that there is no beginning inventory. Component Immediate Parent Usage per Parent Lead Time (weeks) Beginning Inventory A none — 1 0 B A 2 2 250 C A 1 6 500 D A 3 3 750 E A 2 2 750 F B 4 2 3000 G B 2 4 1000 H D 3 2 5000 I D 2 4 5000 J E 1 8 1000 K E 5 1 5000 L E 2 4 2500 M F 3 3 250 N F 6 3 2560 O H 2 4 0 P K 1 2 500 Q K 2 3 1000arrow_forwardProduction Company Universal Controlsmanufactures control units. Their new models areeI Argon I and eI Argon II. To make each unit ofArgon I, use 6 meters and 3 controllers. For fa-craft each unit of Argon II, they use 10 meters and Scontrollers. The company receives a total of 760 me-managers and daily controllers of their suppliers.How many units of each model can you produce?seriously? Assume that all parts are used. Note: Solve freely # OF ARGON UNITS I # OF ARGON UNITS IIarrow_forward“I had to spend 27 minutes on hold before talking to an agent”. i would like to answer want to Focus on how long the customer had to wait.arrow_forward
- What critieria—limit to four—should Scott Nolan use to screen suppliers to be integrated into the early phases of the Deere skid-steer loader development process? Why?arrow_forwardDraw a simple bill-of-materials (BOM) for a smart phone given the following requirements: (a) clearly label the end item and each component, (b) the BOM must contain no more than ten items, (c) the BOM must contain at least three levels (you may count the end-item level zero).arrow_forwardPlease do not give solution in image format thankuarrow_forward
- K Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 30 Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 2 40 3 40 1 30 U 4 2 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. 5 6 7 30 70 20 3 40 8 4 9 10 10 80 5 6 7 30 70 20 8 11 9 10 D 12 50 10 11 12 80 50arrow_forwardhow does purchasing help in reducing order cycle to achieve effieciency?arrow_forwardWhat is the reason for a manufacturing organization to need three separate types of inventory?arrow_forward
- What Companies Use JIT Inventory Management?arrow_forwardIf your average daily demand is 60 units, and the replenishment cycle (lead time) is 5 days; with 60 units of safety sock, what is the re-order point?arrow_forwardDevelop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 70 30 9 10 11 12 60 10 70 Period 1 Gross requirements 20 2 Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 3 40 1 20 4 *Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 2 3 40 4 8 5 6 30 7 70 30 8 9 10 11 12 10 70 60 cornarrow_forward
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