:6-38 North Manufacturing has a demand for 1,000 pumps each year. CHAPTER 6 INVENTORY CON 230 a Manufacturing $40 to place an order, and the carry- ing cost is 25% of the unit cost. If pumps are ordered in quantities of 200, North Manufacturing can get a 3% discount on the cost of the pumps. Should North Manufacturing order 200 pumps at a time and take the 3% discount? The cost of a pump is $50. It costs North 6-39 Linda Lechner is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation for BX-5 was 7. Linda would like to maintain a 90% service level. What safety stock level do you recommend for ВХ-5? brt QUA 31-199 X200 :6-40 Linda Lechner has just been severely chastised for her inventory policy. (See Problem 6-39.) Sue Sur- rowski, her boss, believes that the service level should be either 95% or 98%. Compute the safety stock levels for a 95% and a 98% service level. 500 6-43 Linda knows that the carrying cost of BX-5 is 50 cents per unit per year. Compute the carrying cost that is associated with a 90%, a 95%, and a 98% ser- vice level. 6-41 Ralph Janaro simply does not have time to ana- lyze all of the items in his company's inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory along with the unit cost and the demand in units. (a) Find the total amount spent on each item during the year. What is the total investment for all of 3d these? (b) Find the percentage of the total investment in in- ventory that is spent on each item. 93
:6-38 North Manufacturing has a demand for 1,000 pumps each year. CHAPTER 6 INVENTORY CON 230 a Manufacturing $40 to place an order, and the carry- ing cost is 25% of the unit cost. If pumps are ordered in quantities of 200, North Manufacturing can get a 3% discount on the cost of the pumps. Should North Manufacturing order 200 pumps at a time and take the 3% discount? The cost of a pump is $50. It costs North 6-39 Linda Lechner is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation for BX-5 was 7. Linda would like to maintain a 90% service level. What safety stock level do you recommend for ВХ-5? brt QUA 31-199 X200 :6-40 Linda Lechner has just been severely chastised for her inventory policy. (See Problem 6-39.) Sue Sur- rowski, her boss, believes that the service level should be either 95% or 98%. Compute the safety stock levels for a 95% and a 98% service level. 500 6-43 Linda knows that the carrying cost of BX-5 is 50 cents per unit per year. Compute the carrying cost that is associated with a 90%, a 95%, and a 98% ser- vice level. 6-41 Ralph Janaro simply does not have time to ana- lyze all of the items in his company's inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory along with the unit cost and the demand in units. (a) Find the total amount spent on each item during the year. What is the total investment for all of 3d these? (b) Find the percentage of the total investment in in- ventory that is spent on each item. 93
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...
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Recruitment in Business Communication
The process of discovering and employing the finest and most competent individual for a work opportunity fairly and cost-effectively is referred to as recruitment in human resource management. It is also known as the act of locating potential individuals and motivating and pushing them to compete for positions within a firm. It is a complete process with a complete life cycle that originates with the assessment of the organizational requirements in relation to the position and continues with the employee's engagement with the organization.
Recruitment
Recruitment is the most important part of Human Resource Management (HRM) which is done by HR (Human Resources) of a company, firm, or industry. To understand the policy, HR needs to understand and analyze the requirement of a profile who can fit into the position as per the company’s objectives and goals. Recruitment involves shortlisting, hiring, and analyzing candidates' skills along with experience and qualifications and comparing them with the organization's requirements or job profile. The objective of the recruitment process is to find the right candidate for the right job.
Question
6-40
Transcribed Image Text::6-38 North Manufacturing has a demand for 1,000 pumps
each year.
CHAPTER 6 INVENTORY CON
230
a
Manufacturing $40 to place an order, and the carry-
ing cost is 25% of the unit cost. If pumps are ordered
in quantities of 200, North Manufacturing can get a
3% discount on the cost of the pumps. Should North
Manufacturing order 200 pumps at a time and take
the 3% discount?
The cost of a pump is $50. It costs North
6-39 Linda Lechner is in charge of maintaining hospital
supplies at General Hospital. During the past year,
the mean lead time demand for bandage BX-5 was
60. Furthermore, the standard deviation for BX-5
was 7. Linda would like to maintain a 90% service
level. What safety stock level do you recommend for
ВХ-5?
brt
QUA
31-199
X200
:6-40 Linda Lechner has just been severely chastised for
her inventory policy. (See Problem 6-39.) Sue Sur-
rowski, her boss, believes that the service level
should be either 95% or 98%. Compute the safety
stock levels for a 95% and a 98% service level.
500
6-43
Linda knows that the carrying cost of BX-5 is 50
cents per unit per year. Compute the carrying cost
that is associated with a 90%, a 95%, and a 98% ser-
vice level.
6-41 Ralph Janaro simply does not have time to ana-
lyze all of the items in his company's inventory. As
a young manager, he has more important things to
do. The following is a table of six items in inventory
along with the unit cost and the demand in units.
(a) Find the total amount spent on each item during
the year. What is the total investment for all of
3d
these?
(b) Find the percentage of the total investment in in-
ventory that is spent on each item.
93
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