Homework Help is Here – Start Your Trial Now!
Business
Operations Management
1. An electronics component manufacturer produces high precision assemblies for the aeronautics and space industry, controls for kitchen appliances, and some items for industrial equipment. Company's purchased parts are given in the following table. Product No Unit Cost ($) Annual Volume (units) 575 607 625 811 947 024 413 483 93.00 31.00 212.00 130.00 618.00 720.00 0.25 0.60 3,200 2,500 320 475 300 300 25,000 6,800 Product No 495 Unit Cost ($) 1.25 Annual Volume (units) 15,000 3,000 3,000 450 211 273 435 825 661 893 6.30 75.00 63.00 84.00 1.00 485.00 30 4,000 65 (a) Classify the company's purchased parts according to ABC principles. (b) Create an exchange curve for this population of inventoried items. (c) Suppose that the company is operating with a total cycle of $70,000 and 24 numbers of orders. Comment this operating system.

1. An electronics component manufacturer produces high precision assemblies for the aeronautics and space industry, controls for kitchen appliances, and some items for industrial equipment. Company's purchased parts are given in the following table. Product No Unit Cost ($) Annual Volume (units) 575 607 625 811 947 024 413 483 93.00 31.00 212.00 130.00 618.00 720.00 0.25 0.60 3,200 2,500 320 475 300 300 25,000 6,800 Product No 495 Unit Cost ($) 1.25 Annual Volume (units) 15,000 3,000 3,000 450 211 273 435 825 661 893 6.30 75.00 63.00 84.00 1.00 485.00 30 4,000 65 (a) Classify the company's purchased parts according to ABC principles. (b) Create an exchange curve for this population of inventoried items. (c) Suppose that the company is operating with a total cycle of $70,000 and 24 numbers of orders. Comment this operating system.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
1. An electronics component manufacturer produces high precision assemblies for the aeronautics and space industry, controls for kitchen appliances, and some items for industrial equipment. Company's purchased parts are given in the following table. Product No 575 607 625 811 947 024 413 483 Unit Cost ($) Annual Volume (units) 3,200 2,500 93.00 31.00 212.00 130.00 618.00 720.00 0.25 0.60 320 475 300 300 25,000 6,800 Product No 495 211 273 435 825 661 893 Unit Cost ($) 1.25 6.30 75.00 63.00 84.00 1.00 485.00 Annual Volume (units) 15,000 3,000 3,000 450 30 4,000 65 Classify the company's purchased parts according to ABC principles. (b) Create an exchange curve for this population of inventoried items. (c) Suppose that the company is operating with a total cycle of $70,000 and 24 numbers of orders. Comment this operating system. (a)
Transcribed Image Text:1. An electronics component manufacturer produces high precision assemblies for the aeronautics and space industry, controls for kitchen appliances, and some items for industrial equipment. Company's purchased parts are given in the following table. Product No 575 607 625 811 947 024 413 483 Unit Cost ($) Annual Volume (units) 3,200 2,500 93.00 31.00 212.00 130.00 618.00 720.00 0.25 0.60 320 475 300 300 25,000 6,800 Product No 495 211 273 435 825 661 893 Unit Cost ($) 1.25 6.30 75.00 63.00 84.00 1.00 485.00 Annual Volume (units) 15,000 3,000 3,000 450 30 4,000 65 Classify the company's purchased parts according to ABC principles. (b) Create an exchange curve for this population of inventoried items. (c) Suppose that the company is operating with a total cycle of $70,000 and 24 numbers of orders. Comment this operating system. (a)
Expert Solution
steps

Step by step

Solved in 5 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS