Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
12th Edition
ISBN: 9780134741062
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 12, Problem 7P
A
Summary Introduction
Interpretation: The average aggregate inventory value
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
B
Summary Introduction
Interpretation: The number of weeks of supply is to be calculated
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
C
Summary Introduction
Interpretation: The inventory turnover of last year is to be calculated.
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
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Discuss the ABC inventory classification system and indicate it's benifits?
19. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted
colors of spray paint during the year as follows.
Beginning inventory 200 cans at $2.20
March 400 cans at $2.40
May 700 cans at $2.00
August 500 cans at $2.30
November 300 cans at S2.60
At the end of the year, they had 450 cans of spray paint in stock.
(a) Find the inventory value using the weighted-average method.
(b) Find the inventory value using the FIFO method.
(c) Find the inventory value using the LIFO method.
Last year, the retailer’s weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and 1,350 units for the retailer, wholesaler, distributor, and manufacturer, respectively.a) Calculate the bullwhip measure for the retailer.b) Calculate the bullwhip measure for the wholesaler.c) Calculate the bullwhip measure for the distributor.d) Calculate the bullwhip measure for the manufacturer.e) Which firm appears to be contributing the most to the bull-whip effect in this supplychain?
Chapter 12 Solutions
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
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