How many units should the retailer order at one time? What is the total annual cost at this order point? 227 x units $ 28,730
Q: In terms of project scheduling, what is resource leveling? What is resource-limited scheduling?…
A: Resource Leveling and Resource-Limited Scheduling are two essential techniques in project management…
Q: Consider the bill of materials (BOM) shown to the right. What is the lead time (in weeks) to respond…
A: A list of all the parts, sub-assemblies, and materials needed to make a product is called a bill of…
Q: Why is project management important to a healthcare organization? Do you think it has become more or…
A: Project management is critically important to healthcare organizations for several reasons. It helps…
Q: Calculate the supplier performance index of Sunrise (round your answer to 2 decimal places).
A: Here, I will determine the supplier performance index of Sunrise, Let me state the given data, The…
Q: Classify the cost elements shown below for the Impressive Printing Company into the proper quality…
A: Find the given details below:
Q: resentation about challenges of building learning culture in organization
A: Fostering a learning culture within an organization is a strategic imperative in today’s rapidly…
Q: Create a project status report. Define the project name and list the report date. Share the contact…
A: The objective of this question is to create a comprehensive project status report. This report will…
Q: Discuss how technology including e-business and social media can enhance your marketing…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: UCLp = LCL = (enter your response as a number between 0 and 1, rounded to four decimal places).…
A: The P chart is also the proportion chart, a statistical control chart used in quality control to…
Q: What are the critical differences between a local, regional, and global continuity plan? How does…
A: A continuity plan is a crucial tool for any organization, as it helps the organization to prepare…
Q: ow can risks be mitigated?
A: Risk mitigation is fundamental to any organization’s strategic planning and operational aspects and…
Q: Read the following case scenario and make a return-to-work plan: Cen co. is a logging company…
A: Human resource management is the aspect of management that deals with all the functions and…
Q: An outbreak of a stomach virus occurred after a community picnic. The following data come from a…
A: Foodborne illness outbreaks are a major public health concern, and it's critical to comprehend the…
Q: c. The manager of a car soft drinks facility wants to expand its operations in the coming year. He…
A: Find the given details below:
Q: m-a-k-e- -a- -c-r-i-t-i-q-u-e- -p-a-p-e-r- -a-b-o-u-t- -t-h-e- -m-o-v-i-e- -t-i-t-l-e-d- -"-T-h-e-…
A: The objective of this question is to provide a critique of the movie 'The Platform' directed by…
Q: Propose a framework for selecting the best development strategy for a given project.
A: Choosing the most suitable development approach for a project is a pivotal decision with the…
Q: If D = 7,800 per month, S = $46 per order, and H= $2.50 per unit per month, a) What is the economic…
A: The objective of the question is to calculate the Economic Order Quantity (EOQ). EOQ is the number…
Q: The mean squared error (MSE) for Method 2 = thousand gallons2 (round your response to three decimal…
A: WeekForecast method 2Actual10.820.7221.190.9830.92141.150.97
Q: 6. For each of the following projects, what benefits or costs might be included in a social…
A: A cost-benefit analysis (CBA) can be defined as a tool for determining the feasibility of projects…
Q: Angle Iron (AI), Inc. just purchased a new angle bending machine for foundation bases of their…
A: 1. Revenue for first two years is 3000 beams * 100 per beam= $300,000 Revenue for next 8 years is…
Q: a. Express total inventory as weeks of supply. The weeks of supply is weeks. (Enter your response…
A: Inventory management is a pivotal aspect of supply chain and business operations. It involves the…
Q: What is fraud? Name two types of fraud. 2) What were some laws that were enacted to promote ethical…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: Enumerate the major contributions of F.W.Taylor to the modern management.
A: Frederick Douglass Taylor was a trailblazing person in management who made important contributions…
Q: Outline a background of the case below. (Please note that this is not an essay question.) In June…
A: Social enterprise is the sort of organization that is concerned with applying commercial activities…
Q: 0
A: Answera) Refer the optimal tableau,allowable increase for leather constraint = 36/2 = 18allowable…
Q: What sequencing rule should you use? For the rule you selected, find the best sequence using the…
A: MortgageProcessing Time (days)Due Date11545271431970410225163062357
Q: Discuss the key components of a successful CRM implementation.
A: Customer Relationship Management (CRM) systems have become integral to businesses looking to enhance…
Q: Explain the concept of "volatility" in requirements and how it influences project risk management.…
A: The idea of "volatility" in requirements is critical in influencing the path of a project in the…
Q: Larry Edison is the director of the Computer Center for Buckly College. He now needs to schedule the…
A: An optimization problem in the real world is represented mathematically by a linear programming (LP)…
Q: Kim finally got his own baking factory. However, he found that the factory is too oily. He decides…
A: Find the given details below:
Q: Health and Cure Hospital (H&C) is a new hospital in Amman and tries to provide the best medical care…
A: Documentation is the aspect of business that includes formal and written documents related to…
Q: Jerry Sam owns and operates a chain of 12 department stores in New Ville. Sales figures and…
A: Modeling the relationship between a dependent variable and one or more independent variables by…
Q: 1. In the context of a service-based organization, delivering high-quality services is essential to…
A: In the ever-changing world of service-oriented businesses, providing excellent service is essential…
Q: a) Based on the given information, the best site for Daniel Tracy is (Enter your response as an…
A: FactorWeightABCDQuality of labor105555Construction cost73332Transportation cost73443Proximity to…
Q: 1. Diesel is leaking from the ship onto the dock. Answer (circle one): interpretation sharing,…
A: The objective of the question is to identify the type of information sharing in each of the three…
Q: Write a brief description of a midsize supplier of wood products and what it does.
A: A company that finds, prepares, and distributes wood goods to consumers and companies is referred to…
Q: DQ 4.4The professional logistics manager must develop a knowledge base that is integrated with other…
A: Logistics management is the managing aspect that deals with getting the material from suppliers,…
Q: A local toy manufacturer is using a production line that runs 8 hours per day and produces a toy…
A: Idle time is the aspect of production management that refers to the waiting time during operations.…
Q: Table below gives estimates in weeks, for forned activity (Durations are PERT. using Activity…
A: The objective of the question is to estimate the project duration using Critical Chain Project…
Q: 18. The number of defects found in 25 samples of 100 Malossdientes Candy Company lemon drops taken…
A: Defects Per Million Opportunities is what DPMO stands for. It is a statistical indicator of process…
Q: Norwegian Cruises is a company that owns and manages a large fleet of ships used primarily for…
A: An executive's dismissal from a firm, especially that of a managing director, is a momentous…
Q: Teams must provide a table diagram (as shown in the sample below) of the project implementation…
A: A project management technique called the Critical Path Method (CPM) is used to determine which…
Q: bbott Manufacturing produces plastic cases for solar photovoltaic panels and has decided to combine…
A: GivenSetup Time (secs):For XVT-5,86*60=5160 minsFor UYT,63*60=3780 minsFor KLY, 135*60=8100 mins…
Q: OPTIMUM solution for the transportation problem detailed in the table belo 2228 sss 555 2448
A: ABCSupplyX301210100Y10201550Z101625200Demand5050100200/350
Q: What are the consequences of a workplace with out much discipline? What are the benefits of having a…
A: Workplace discipline is a foundational component of organizational culture, influencing every facet…
Q: There are many models that describe the behaviours and roles of successful managers but no one model…
A: Every management style has its own advantages and disadvantagavailable. There are several…
Q: How managerial leadership can foster a high-performance culture. What is the role of managerial…
A: Managerial leadership refers to a manager's capacity to steer and influence a team or organisation…
Q: In the given time study below, if they are working for 8 hours and a target output of 650, solve…
A: STD time per operator (S) Waiting time (W) Standard time # of…
Q: Voter Type 1st Choice 2nd Choice 3rd Choice 4th Choice 5th Choice Penny Tom i ii iii iv V vi vii…
A: In a two-way runoff between Rishi and Kemi, Rishi would win since he has a higher percentage of…
Q: For the given sample size, the control limits for 3-sigma x chart are: Upper Control Limit (UCL) =…
A: There are many types of process charts. One of the process charts is an X-bar chart. It is the mean…
so.2
Step by step
Solved in 3 steps with 2 images
- I am planning a Holiday Ornament to commemorate the christmas spirit. Forcasted demand for ornaments is normally distributed with a mean of 40,000 with a standard deviation of 15,000 units. The cost per ornament is $3 and are sold to people around the world for $10 each. All unsold ornaments are donated after the holidays without any text deductions for me. How many ornaments should I tell my supplier to produce? What's my expected profit? If the manufacturer were to discount the price to me to $2.75 if I ordered at least 80,000 units should I do it? Justify the answer with profit estimates. please use excelDemand for a product is relatively constant at 5 units per day. Lead time for this product is normally distributed with a mean of 20 days and a standard deviation of 4 days. (a) What reorder point provides an 80 percent service level? (b) What reorder point provides a 90 percent service level? (c) If the lead time standard deviation can be reduced from 4 days to 1, what reorder point now provides 90 percent service? How much is safety stock reduced by this change?The National Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the chemical in inventory is 50 cents per gallon per year, and the cost of ordering the chemical is P150 per order. The firm uses the chemical at a constant rate throughout the year. What is the total ordering costs if the company will purchase at EOQ level? Format: 1,111.11 The National Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the chemical in inventory is 50 cents per gallon per year, and the cost of ordering the chemical is P150 per order. The firm uses the chemical at a constant rate throughout the year. How many days does each order (at the EOQ level) will last? Use 360 days Format: 1
- Regardless of the size of an organisation, having a proper inventory management system is very important for any business. It can help an organisation keep track of all supplies and determine the exact prices. It can also help assist an organisation manage sudden changes in demand without sacrificing customer experience or product quality. In an essay, you are required to analyse inventory management at Ikea.Comment on whether you believe Ikea should make use of the ABC analysis of inventory classification. Justify your stance by discussing at least three key points.Evaluate factors impacting the future of procurement in relation to Ikea such as the fourth industrial revolution.An ophthalmologist's office operates 52 weeks per year, 6 days a week. It purchases disposable contact lenses for $11.70 per pair and sells for $50. The demand is 90 pairs per week. Order cost is $54 per order. Annual interest rate is 27%. Lead-time is 3 weeks. Standard deviation of weekly demand is 15 pairs. Given that 98% service-level. Clearly identify different types of stocks: cycle, safety and pipeline. a. Find a (Q, r) policy for this situation c. Find average service level (fill rate) of the policy (a) d. Find average backorder level of the policy (a) e. Find average inventory level of the policy (a)Knowing how to use the ABC analysis, make up a list of 10 items in a stores inventory, then decide which 10 items sold at the store would constitute 80% of the revenue and create a Word document using the ABC analysis.
- Variety Manufacturer purchases a component from a Asian supplier. The demand for that component is exactly 70 units each day. The company is open for business 250 days each year. When the company reorders the product, the lead time from the supplier is exactly 10 days. The product costs $14.00. The company determined that its inventory carrying cost is 20%. The company’s order cost is $30.00. What is the annual holding cost?The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan pies for a wedding. Bulk pecans can be bought in increments of a tenth of a pound. How many pounds of pecans should you buy?Your local grocery store stocks rolls of bathroom tissue in single packages and inmore economical 12-packs. You are trying to decide which to buy. The singlepackage costs 45 cents and the 12-pack costs $5. You consume bathroom tissue ata fairly steady rate of one roll every three months. Your opportunity cost of moneyis computed assuming an interest rate of 25 percent and a fixed cost of $1 for theadditional time it takes you to buy bathroom tissue when you go shopping. (We areassuming that you shop often enough so that you don’t require a special trip whenyou run out.)b. Determine if it is more economical to purchase the bathroom tissue in 12-packs.
- Determine the order quantity, reorder point, annual holding cost, and order cost, then assume a price break of $50 per order was offered for purchase quantities of 2,000 or more units per order. If you took advantage of this price break, how much would you save annually? When calculating the z-score, use the NORM.S.INV() function from excel.At a recent manufacturing workshop, XYZ, Incorporated explained that demand for disposable masks increase rapidly in March 2020 when quarantine mandates first took effect. At the time, retailers could only place a single order to cover demands through the end of the summer. A certain retailer purchased disposal masks from a supplier at a cost of $20 per unit and sold them for $30 per unit. By the end of summer, demand for masks subsided considerably and all masks that weren't sold during the summer could be sold at a discounted price of $18 per unit. The retailer estimated that demand between March and August would be Normally distributed with mu = 10,000 and sigma = 1525 units With, supply chains becoming more stable since March 2020, the retailer is currently in the process of establishing a contract with a disposable mask supplier. The supplier has agreed to sell masks to the retailer for $18 per unit and will make deliveries any time the supplier places an order for a cost of $100…Your local grocery store stocks rolls of bathroom tissue in single packages and inmore economical 12-packs. You are trying to decide which to buy. The singlepackage costs 45 cents and the 12-pack costs $5. You consume bathroom tissue ata fairly steady rate of one roll every three months. Your opportunity cost of moneyis computed assuming an interest rate of 25 percent and a fixed cost of $1 for theadditional time it takes you to buy bathroom tissue when you go shopping. (We areassuming that you shop often enough so that you don’t require a special trip whenyou run out.)c. Are there reasons other than those discussed in the problem that would motivate you not to buy the bathroom tissue in 12-packs?