Question Help ▼ Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 300 days. Setup labor cost Annual holding cost Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) Q = 260 units $60.00 per hour $11 per unit 1,040 units/day 31,500 (300 days x daily demand of 105 units) a) Setup cost = $ 10.61 (round your response to two decimal places). b) Setup time = minutes (round your response to two decimal places).

Question 3The weekly demand for a product, which is held in stock is always 90 units.When an order for new stock is placed, it is delivered almost instantaneously by an ordering cost of 50,000 is incurred. The product costs 3,000 per unit,and it costs 15 percent of this amount to hold a unit in stock for a year.Currently, orders are placed for 2000 units. There are 50 working weeks in ayear and lead time is one week. a) As a management science student, the MD of the company seeks yourexpert advice on ways in which to determine the economic order quantity,optimal order cycle time, re-order level and total annual inventory cost.Advise the MD, providing detailed explanation using your answer. Writeyour answer in a form of a report to the MD. b) Advise the MD about savings, if any, could be made by changing fromcurrent order quantity of GH¢ 2000 units to the one obtained in (a) above. c) Describe the order policy followed by the firm based on your calculations

Discussion Questions 1. The customer order decoupling point was described as the point at which the demand changed from independent to dependent. Describe what this means and why it is important to managers. 2. Provide examples of make-to-stock, assemble-to-order, and make-to-order products. What advantages are there in moving from make-to-stock to assemble- or make-to- order?

QUESTION 2 When used effectively, S&OP Planning does not require cross-functional collaboration. O True False

question #3 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. With a safety stock of 300 boxes, what is the approximate service level (round to two decimals)? Numeric Response 84.13 * f5 10 f6 0 4- ♫+ fg C fil W f12. insert prt sc + 11 Ə ← delete backspace home num lock 4x D end 1:23 PM 11/15/2022 pg up

QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT?     Retailer only faces underage risk.     Supplier faces both underage and overage risks.     Suppliers tend to produce less than the supply chain optimal quantity.     The retailer has to purchase at least the quantity it reports to the supplier.   QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT?     The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time.     The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May.     The firm should source from a combination of one faraway supplier and one close-by…

Question 3 (1 point) ✓ Saved Which of these items product? (not a service) Haircut Dry cleaning Cell phone Mowing Question 4 (1 point) A Saved is responsible for all debt and is easy to r

Question 39 Which of the following are considered customer service targets? All of the above % of time in stock % of items in stock % of demand fulfilled

QUESTION 13 The return to any factor of production that is in variable demand variable supply fixed demand fixed supply is pure rent.

Question:               How do you use the Silver-Meal ordering policy to find the Total annual Cost for the damand and parameters listed below?                     Month Period Demand         Jan. 1 110         Feb. 2 40         Mar. 3 150         Apr. 4 130         May 5 60         Jun. 6 30         Jul. 7 20         Aug. 8 30         Sep. 9 80         Oct. 10 120         Nov. 11 130         Dec. 12 100           Total 1000                       Given cost parameter:             Value           Order cost $25           Unit cost $8           Holding cost rate (monthly) 5%