valuate yield management and the techniques reservation managers can use to maximise profits for an organisation.
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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Evaluate yield management and the techniques reservation managers can use to maximise profits for an organisation.
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Jennifer has a small business mixing and selling essential oils. One product is a mixture of two oils, lavender and peppermint. She asked her assistant, Carmen, to check on two suppliers to determine the costs for her next batch. Carmen contacted the suppliers and got quotes from each for the order. She misplaced the number of ounces of each oil she needed to purchase. The information she has is: Supplier A: lavender: $5.80$5.80/ounce peppermint: $4.20$4.20/ounce Total cost: $128.40$128.40 Supplier B: lavender: $4.50$4.50/ounce peppermint: $5.00$5.00/ounce Total cost: $124$124 She decides to solve a system of equations to determine the number of ounces of lavender, LL and of peppermint, PP, she should order. What system of equations can Jennifer use to find LL and PP?Identify two potential problems withoutsourcing
- Reliance Fresh is sourcing electric tandoori ovens from Panasonic for its Indian retail operations. The two parties have negotiated a wholesale supply price of $310/unit. The expected demand distribution for the tandoori ovens is given below. Reliance plans a selling price of $430/unit, ovens unsold after 6 months will be sold at a clearance price of $215/unit. What is the expected Reliance Fresh profit if the wholesale order quantity is 5300 units? Integer answer. DEMAND PROBABILITY 4,361 6% 4,789 14% 4,935 21% 5,001 28% 5,420 22% 5,573 9% 6,373 5% Panasonic’s variable cost is $130/unit and the fixed production cost is $207,109. What is Panasonic’s (manufacturer) profit? Integer answer.1. What is the total revenue of Solet's Paradise Guest House in Negril Jamaica for the year 2021 or 2022?Urban Company (formerly known as Urban Clap) is an Indian gig marketplace that offers home installation, maintenance and repair services, and home beauty and wellness services. In May 2020, Urban Company reported an operating revenue of INR 216 crore and its valuation was at INR 918 crore. In FY20, the home maintenance and repair services contributed 45% of total revenue and the beauty and wellness services contributed 55% of total revenue. In March 2020, the company wasservicing 22 locations within and outside India, had a network of 25,000professionals, and were performing 800,000 service tasks every month. Enumerate the utilisation of Distribution Management of Urban Company in effectively managing their services of maintenance & repair and home beauty & wellness
- 4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________32.What is meant by deficient demand? Explain its causes and consequences?4 A local authority operates over a large geographical area. The Education Department is responsible for ensuring that stocks of a certain item are kept for distribution to schools through the area on request. In order to try to ensure supplies reach the schools promptly, the department currently operates two store warehouses, which operate independently of each other. The department is trying to assess the pros and cons of merging the two store warehouses and offering a centralised facility. For one item under consideration demand is 250 items per annum via Store A and 100 items per annum via Store B. Order costs are £10 at Store A and £11 at Store B, with holding costs 20 per cent of stock value. The item costs £4 per unit. (a) Calculate the impact on costs if the two stores merge and place combined orders for this item. (b) What other factors would you want to take into account before making a decision as to whether or not to merge the two stores?
- How can inventory flow diagrams be useful to a logistics manager?ABC association has 22 controlled facilities and is hoping to supply chocolate for customers. you are the unmistakable man or lady to bargain with a XYZ chocolate creator. Your underlying offer is to wish to give 5,000 boxes (little four-6 desserts in a present-design field) for $ 10 with regards to field. in any case, XYZ chocolate creator makes an underlying counter proposal of two,500 boxes at $15.00 a container. As a retreat advisor, what do you have to do while haggling with the chocolate creator, what are your contentions and advantages for the chocolate producer as an approach to obtain the objective as you need (or outcomes which may be agreeable on each sides)? Any models, all things considered, to help your exchange?What is the essential difference between the Brussel’s Definition of Value (BDV) and thevaluation system under the Agreement on Customs Valuation (ACV)?