Which of the following is NOT one of the major causes of the bullwhip​ effect?   A. demand forecast errors   B. price fluctuations   C. shared demand information   D. order batching

Classify the items in a warehouse inventory using the ABC method, where Group A contributes 80%, Group B contributes 15%, and Group C contributes 5% to the total inventory value Product Code Annual Demand Pick List Frequenscy Weighted Volume Weighthed Percentage Comulative Weight Percentage ABC Category A001 20000 2200         A002 19000 1700         A003 7800 700         A004 9840 1400         A005 16000 1300         A006 12000 2000         A007 9950 400         A008 10500 1700         A009 8200 515         A010 4700 258         A011 5100 367         A012 8800 800         A013 8900 711         A014 15000 1900         A015 7900 350         A016 9620 2000         A017 8800 550         A018 25000 2000         A019 9950 380         A020 10500 1100

Alpha Products, Inc., is having a problem trying to control inventory. There is insufficient time to devote to all its items equally. The following is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume. ITEM ANNUAL DOLLAR USAGE ITEM ANNUAL DOLLAR USAGE a S 30, 100 k S 1,700 b 27,000 120,000 c 93,000 m 111,000 d 1,400 n 3,000 e 1,800 o 500 f 30,000 p 114, 000 g 1,600 q 2,600 h 2,500 г 28,000 i 3, 200 s 2, 800 j 1,500 t 3, 100 a. Suggest a system for allocating control time? multiple choice ABC analysis Cycle counting b. Specify where each item from the list would be placed.

Sunrise Garden Center buys 425 bags of fertilizer per month for feeding and weeding lawns. The ordering cost is $15.00. Holding cost is $0.10 per bag per year. a. How many bags should Sunrise order at a time? Sunrise should order bags at a time. (Enter your response rounded to the nearest whole number.) b. What is the time between orders? The time between orders is months. (Enter your response rounded to one decimal place.)

Jim's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows: a. What is the inventory control system for Tegdiws? Reorder quantity = 1,225 Reorder point = 824.24 b. Find the total inventory costs if using inventory policy. This is a case considering safety stock (Do not use Excel, show your work) Holding cost per unit per year is given as a percentage of item cost ITEM TEGDIW WIDGET Annual Demand 10,000 5,000 Holding cost (% of item cost) 20% 20% Set up or order cost $150.00 $25.00 Lead Time 4 weeks 1 week Safety stock 55 units 5 units Item cost $10.00 $2.00

26 Which of the following statements is true with regard to cycle stock?   a It is also called surplus stock.   b It is received from a downstream supply chain partner.   c It is seasonal in nature   d It is also referred to as base stock.   27 Inventories that are in transit in containers or trucks ______.   a are known as pipeline inventories   b are known as in-house inventories   c are relatively small in global supply chain (as compared to domestic supply chains)   d are known as en route inventories

University Drug Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. The standard deviation of daily demand was derived from examining prescriptions filled over the past three months and was found to be 800 capsules. It takes f ive days for the order to arrive. University Drug would like to satisfy 99 percent of the prescriptions. The salesperson just arrived, and there are currently 25,000 capsules in stock.How many capsules should be ordered?

Discuss what is meant by ABC analysis of inventory.Name several measures that can determine ABCstatus

Examine the historical evolution of inventory management strategies, with a focus on the significant contributions of R. H. Wilson.

Green Gardens' owner has asked your advice about a possible problem at his business.  Over the last 6 months the large-sized lawn and garden inventory (ie, tables, chairs, planters, etc.) has appeared to be short.  The inventory records that employees use to determine what is on hand show that more inventory is available than can actually be located.  This has cause frustration and mis-trust in the inventory records for the sales employees.  The owner realizes that the problem is bigger than just frustrated employees.  He is afraid that inventory is being stolen, a problem he didn't think possible given that these are large items that are not easily moved. Requirements:  Provide the owner with two internal controls that he could implement to reduce the likelihood of theft of the lawn and garden inventory.