OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9780077835439
Author: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein
Publisher: McGraw-Hill Education
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Chapter 15, Problem 2DQ
Summary Introduction
To determine: The reasons why the demand history is inappropriate for the management of raw materials and work-in-process inventories.
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Why is demand history irrelevant for the management of raw-materials and work-in-process inventories?
A restaurant is planning to introduce a through drive window for their meals. The
service consists of two windows: first window to place orders, and the second
window to receive orders. The design team of the company is assigned to perform
the following tasks. Show how the data is obtained (survey, literature, actual from
records). Justify any assumptions used in your analyses.
Question) Manage the inventory of the drive-through window including the following:
a. Decide on the types of inventories.
b. Use periodic inventory control system model.
c. Justify any assumptions used in your analysis.
How does the Work-in-process inventory play an important role in manufacturing?
Chapter 15 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 15.7 - Prob. 1OLCh. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - With regard to inventory management, discuss the...Ch. 15 - Prob. 4DQCh. 15 - How much safety stock should be carried in a MRP...Ch. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - Prob. 9DQ
Ch. 15 - Describe how MRP? concepts could be used for the...Ch. 15 - How are MRP and ERP related?Ch. 15 - The following information is given for a...Ch. 15 - eXcel The Old Hickory Furniture Company...Ch. 15 - Product A consists of subassemblies B and C....Ch. 15 - eXcel The BOM for product A given below Part on...Ch. 15 - The master scheduler in the ABC Widget Company is...Ch. 15 - A firm makes a basic scissors consisting of three...Ch. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - A small toy robot is assembled from sis parts: a...
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- What considerations should be weighed when deciding whether to use a job order cost system or a process cost system under some particular production scenario?arrow_forwardBhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: January 1 Quantity (pounds) January 31 Quantity (pounds) Work-in-Process Inventory Cost Cost Molding department Finishing department None None 5,000 $ 15,000 2,000 The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Direct Costs of Production Materials Conversion Molding department Finishing department $ 450,000 $ 90,000 80,290 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required: 1. Prepare…arrow_forwardDescribe how inventories influence each of the following:a. Customer service.b. Plant operations.arrow_forward
- Explain in what ways do independent demand inventories differ from dependent demand inventories ?arrow_forwardQ2: What factors should be taken into account in deciding whether to use a job order cost system or a process cost system in any given manufacturing situation?arrow_forwardIn any given manufacturing scenario, what factors should be considered when determining whether to use a work order cost system or a process cost system?arrow_forward
- 4. How is the cost of ending inventory calculated in a process costing system?arrow_forwardAn efficient supply chain would be most closely aligned with which of the following production strategies? Group of answer choices a Design to order b Job shop c Continuous flow d Make to stockarrow_forwardP5 define the types of manufacturing approach, such as make to stock, make to order and engineered to order.arrow_forward
- Why is there a need to balance the inventory needs with customer’s needs?arrow_forwardDoes the supplier track material and product and or service cycle time andcompare this against a performance objective or standard?arrow_forwardMake TWO recommendations to prevent both high returns and short deliveries. at MGMT bakehousearrow_forward
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