Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Which of the following is not a fixed order cost?
( ) Administrative costs incurred to place an order
( ) Shipping cost incurred to ship an order
( ) Labor cost incurred to receive an order
( ) Supplier's packaging cost
( ) none above
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- 12. A low inventory turnover might signal ________ a problem with old and obsolete inventory. ________ fast-moving inventory. ________ insufficient investment in inventory. ________ not enough inventory on hand.arrow_forwardWhich item would be considered an order winner in an automobile developed for high-end users? Voice-activated music system Compact disc players Full-sized spare tire Air bagsarrow_forwardquestion #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 uparrow_forward
- Beginning Quantity Ending Inventory Order? Lost Week Demand inventory on-order inventory position (yes/no) Sales 1 100 53 2 40 3 36 4 38 5 55 6 34 7 30 8 31 9 40 10 57 11 30 12 53arrow_forward_____ refers to the inability of services to be stored, warehoused, or inventoried. Question 20 options: a) Perishability b) Reliability c) Heterogeneity d) Variabilityarrow_forwardQ.1. a) Explore the security concerns commonly associated with warehousing and inventory operations b) Explore how managers can go about resolving the above mentioned security issues in (a)?arrow_forward
- Increases in order cost ________ the economic order quantity. Group of answer choices DecreaseHave no Effect increasearrow_forwardIncreases in demand ________ reorder points Group of answer choices Decrease Have no effect on Increasearrow_forwardQuestion content area Part 1 A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day. (Demand can be assumed to be distributed normally with a standard deviation of 16 pounds per day). After ordering (fixed cost = $17 per order), beans are always delivered from Hawaii in exactly 4 days. Per-pound annual holding costs for the beans are $3. Refer to the standard normal table LOADING... for z-values. e) What is the safety stock needed to attain a 1% risk of stockout during lead time? enter your response here pounds (round your response to two decimal places). Part 7 f) What is the annual holding cost of maintaining the level of safety stock needed to support a 1% risk? $enter your response here (round your response to two decimal places). Part 8 g) If management specified that a 2% risk of stockout during lead time would be acceptable, the safety stock holding costs will ▼…arrow_forward
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