A company produces bicycles with various raw material components. Each component has a number of uses/year and price/component. The component list can be found in Table 1. a) Determine the ABC category for each of these components. b) What kind of treatment is appropriate for each category?

What are professional ethics that an individual must have with a career in the area of Operations Management.

1. Describe the main daily tasks for an Operations Manager.

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ 8,400 $ 23,600 $ 45,000 $ 123,600 $ 26,925 $ 150,000 $ 59,000 $ 75,000 $ 80,000 $ 105,000 $ 56,000 $ 23,675 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. f. Monthly expenses are as follows:…