Alvarez Incorporated can purchase component X from 3 potential suppliers. Supplier A charges a fee of $6.50 per component. Supplier B charges $2100 per order plus $2.50 per component ordered. Supplier C charges $4.00 per component, and requires the uyer to pay for at least 300 components (even if the order size is less than 300). 4. What is the full range of order sizes where each supplier is optimal? 5. Alvarez decided to buy 1000 units of component X from supplier B. How much money could the company have saved if it purchased the 1000 units from supplier C instead of supplier B? 6. Next week supplier B will be running a 18% off special. What equation represents the new Total Cost for supplier B during the sale?
Q: The following table lists the components needed to assemble an end item, the manufacturing or…
A: The assembly process helps an organization collect the components in one place that are required to…
Q: How does the "cost of quality" concept relate to software development and testing?
A: The "cost of quality" concept is a crucial aspect of quality management that pertains to the…
Q: Triathlon Team Formation Coaches Scott and Newby-Fraser are faced with a difficult choice. They…
A: Find the given details below: Given…
Q: The diagram below represents a transshipment problem. Node A and B represent your manufacturing…
A: A transhipment problem is given below:Node A and BManufacturing factoriesNode C,D and…
Q: Explore the concept of remote 3D printing services and their impact on decentralized and distributed…
A: With the help of remote 3D printing services, we can outsource 3D printing processes to specific…
Q: What average number of persons can be expected to be in the system? What is the average amount of…
A:
Q: What strategies can be employed to implement real-time or near-real-time data warehousing for…
A: Organisations need access to current insights more than ever in the fast-paced business environment…
Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
A: Multifactor productivity is the proportion between total output values and two or more input values.…
Q: Describe the challenges and benefits of implementing blockchain technology in supply chain…
A: SCM is a strategic approach to integrating supply and demand in the market. It involves several…
Q: At a price of $26.75, producers will provide 8 items, while at a price of $32.25, they will provide…
A: Let the supply be S, demand be D and price be P.According to the question supply…
Q: What strategies can businesses employ to handle conflicts arising from product recalls or safety…
A: Product recalls and safety concerns are an unavoidable problem in the dynamic world of modern…
Q: Lisa creates two types of jewelry: Type A and Type B. Type A requires 90 minutes of carving and 1…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution…
A: Customer loyalty is a positive relationship between the organization and a customer that increases…
Q: How does the failure rate of components affect system reliability, and how can it be minimized?
A: In operations management, the system reliability is crucial for ensuring smooth functioning of the…
Q: What is project analysis, and why is it a critical phase in project management? How does it…
A: Within the field of project management, project analysis plays a crucial role as the compass that…
Q: Describe the technology behind barcode scanners and their role in inventory management.
A: Supply chain is an integral part of an organization. There are several intermediaries whose movement…
Q: Total Productivity ($) Labor Productivity ($) Material Productivity ($) Productivity Growth (%)…
A: The concept of productivity is used to measure the units produced, either in number or in $,…
Q: Define system reliability
A: Reliability refers to the ability of a product, component or service to perform its functions in…
Q: Explain the principles of root cause analysis (RCA) and its application in complex system…
A: The goal of Root Cause Analysis (RCA), a methodical approach to problem-solving, is to identify the…
Q: It takes a cycle of 12 minutes to mould 50 defect-free standard bricks plus 1 minute to adjust the…
A: Assumptions:· all bricks produced can be soldHigher-capacity machine Batch size= 50Total…
Q: Costs Regular Overtime Subcontracting Inventory Carrying Cost: Total Problem 18: Medaas Electronics…
A: Find the given details below: Given…
Q: To monitor the response time of emergency response teams to calls from the local community, 3-sigma…
A: Average Range = 4.1 minutesAverage of sample means = 11.3 minutesSize of 1 sample = 4Number of…
Q: Below questions are based on the concept of Project Schedule. a. Describe what is project…
A: The strategic process of planning and coordinating the numerous tasks and activities necessary to…
Q: Explain the operation of barcode scanners and RFID readers as input devices in inventory management
A: Barcode scanners and RFID readers are used as input devices in inventory management systems, Here,…
Q: Please answer this question What is the acceptable standard deviation range for running of quality…
A: Quality control is a process with the help of which a business ensures that the quality of the…
Q: Explain the concept of "business continuity planning" and its role in system management.
A: Business planning is the activity that is thought of by the manager of the company in advance so…
Q: Kim Petras is starting to appreciate the works of Max Weber particularly that selection of employees…
A: Selection of employees is a crucial aspect to consider for any organization. This a process…
Q: What is the upper control limit for the most appropriate control chart? 0.1889 36812 0.2566 11402…
A: Control charts are also known as process-behavior charts. It is a statistical process that helps in…
Q: why is it importanto to research on accreditation of analytical processes?
A: Research is the procedure of research and investigation that includes the finding, collection,…
Q: Evaluate how demand variability impacts the effectiveness of the Wilson approach in inventory…
A: Demand variability is a critical factor that can significantly impact the effectiveness of the…
Q: Discuss the application of earned value management (EVM) in government and public sector projects.…
A: Earned Value Management (EVM) is a project management technique. It is used to assess a project's…
Q: A manufacturer of chemical products which are used in electronics, automotive, and housing…
A: ERP (Enterprise Resource Planning) is a software system that integrates and manages…
Q: XYZ Ltd produces medical equipment for the diagnosis of ARI disease in four factories. Four partner…
A: Find the Given details below: From/ToHospital 1Hospital 2Hospital 3Hospital 4SupplyPabrik…
Q: Based on Gauteng Province International Festival 2024: 20 - 31 July Please draw a WBS (Work…
A: In project management, a WBS, or Work Breakdown Structure, is a hierarchical organisation of tasks…
Q: today is may 10th, what can you determine about the status of the project?
A: Here, I have been given the Gantt chart, Today's date is 10th May, and I will determine the status…
Q: In the context of system reliability, explain the difference between Mean Time Between Failures…
A: System reliability is a key concept in engineering, statistics, and systems analysis that refers to…
Q: The Fish House (TFH) in Norfolk, Virginia, sells fresh fish and seafood. TFH receives daily…
A: Find the given details below: Given…
Q: Given the following data on inputs and outputs at a work center, determine the cumulative deviation…
A: Beginning Backlog = 7Planned and Actual Inputs & Outputs for 6 periods are given below:
Q: What is the average defection rate for grocery store shoppers in local area of a large city if…
A: For the given data, I will determine the average defection rate,
Q: Consider a cost-benefit-trade-off Benefit Contribution per Unit of Each Activity Benefit P Q R Unit…
A: Find the Given details below:
Q: 1. In your own words explain what is project scope ? What is the difference between a project…
A: Project management is a complicated science that relies heavily on exact definitions and…
Q: Discuss the importance of load balancing in distributed systems and the strategies used to…
A: Load balancing has a wide level of importance in distributed systems, In the context of a…
Q: Ques 3: Company has four sales representatives who are to be assigned The monthly sales increase…
A: Assignment Model· Is about finding the most efficient assignment of people to…
Q: Explain the concept of data transformation in data management. How can organizations effectively…
A: Data transformation is a fundamental component of good data management, where raw and frequently…
Q: Given the following information set up the problem in a transportation table and solve for the…
A: Find the given details below: Given…
Q: Explore the function and implications of safety stock within the framework of the Wilson approach…
A: Efficient inventory control is a critical aspect of supply chain management, and the Wilson EOQ…
Q: Discuss the use of event-driven architectures in optimizing supply chain operations and inventory…
A: Maintaining efficiency and competitiveness is crucial in the dynamic world of e-commerce. To do…
Q: What does it mean to be socially responsible
A: Social responsibility for a business is essential, as every business is part of society, so, society…
Q: Sanchez Trucking has been experiencing delays at its warehouse operations. Management hired a…
A: Number of members in a crew7Full time hours per member40permanently hired crew cost($)per…
Q: Which inventory methods are mostly used in groceries stores and why? What are the benefits ?
A: A good food store's management of its inventory is essential. The effectiveness, profitability, and…
Step by step
Solved in 4 steps with 1 images
- No written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier YChris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 800 valves; order cost is $7 per order; and annual inventory holding costs are $2.15 per unit. D Vendor A units at a time from Vendor C Vendor B Quantity 1-14 15-24 25-99 100-199 200-399 400+ Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Chris Sandvig Irrigation should order (enter your response as a whole number). Vendor A Price $35.00 34.75 33.55 32.35 31.15 30.75 Vendor D Vendor B Quantity 1-24 25-99 100-199 200-399 400+ Price $34.75 34.00 32.80 31.60 30.50 Vendor C Quantity 1-49 50-149 150-299 300+ Price $34.50 33.75 32.50 31.10 Vendor D Quantity 1-149 150-299 300+ Price $34.25 33.00 31.00A major automobile manufacturer located in Georgetown, Kentucky, has two certified vendors that produce brake pads with the information shown below. New Albany Manufacturing is located in Columbus, Ohio, and LaPlaya Manufacturing is located in Monterrey, Mexico. The automobile assembly factory is assumed to operate 250 days per year. Certified Supplier New Albany Mfg. LaPlaya Mfg. Order Size (Q) 30,000 60,000 Price per Unit (P) Order quantity: Total procurement cost: Total management oversight cost: Total annual transportation cost: Annual order cost: Annual holding cost: Average annual pipeline inventory cost: Total supply chain costs: $14.38 $13.55 Oversight Cost per Unit (0) $0.00 $0.37 $ LA GA $ LA tA a. Use the Total Supply Chain Cost Excel template to compute the supply chain costs associated with each supplier if the annual demand is 480,000 brake pads. Do not round intermediate calculations. Round your answer to the nearest dollar. 30,000 units 60,000 units tA Transport Cost…
- Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 1,100 valves; order cost is $10 per order; and annual inventory holding costs are $7.55 per unit. D D Vendor A Quantity 1-14 15-24 25-99 100-199 200-399 400+ Price $35.00 34.75 33.55 32.35 31.15 30.75 Vendor C Vendor D Vendor A D Vendor B Vendor B Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Chris Sandvig Irrigation should order units at a time from (enter your response as a whole number). Quantity 1-24 25-99 100-199 200-399 400+ Price $34.75 34.00 32.80 31.60 30.50 MacBook Air O Vendor C Quantity 1-49 50-149 150-299 300+ Price $34.50 33.75 32.50 31.10 Vendor D Quantity 1-149 150-299 300+ Price $34.25 33.00 31.00 NextA major automobile manufacturer located in Georgetown, Kentucky, has two certified vendors that produce brake pads with the information shown below. New Albany Manufacturing is located in Columbus, Ohio, and LaPlaya Manufacturing is located in Monterrey, Mexico. The automobile assembly factory is assumed to operate 250 days per year. Certified Supplier New Albany Mfg. LaPlaya Mfg. Order Size (Q) 44,000 88,000 Price per Unit (P) Order quantity: Total procurement cost: Total management oversight cost: Total annual transportation cost: Annual order cost: Annual holding cost: Average annual pipeline inventory cost: Total supply chain costs: $15.14 $14.08 Oversight Cost per Unit (0) $0.00 $0.47 LA tA tA tA a. Use the Total Supply Chain Cost Excel template to compute the supply chain costs associated with each supplier if the annual demand is 440,000 brake pads. Do not round intermediate calculations. Round your answer to the nearest dollar. 88,000 units $ tA $ LA Transport Cost per Unit…A hospital treating COVID patients needs to buy gloves, gowns, and masks for the health care professionals working at the facility. The hospital has two suppliers who can supply the items. The cost, and the maximum number of each item each supplier can provide is given below: Supplier A Supplier B Gloves (cost, max units) ($0.30/unit, 20,000) ($0.35/unit, 11,000) Gowns Masks ($2.00, ($2.50, 5000) 10,000) ($1.75, 7000) ($2.55, 9,500) The hospital immediately needs 30,000 units of gloves, 5500 units of gowns, and 12,500 masks. To account for the economies of scale in logistics, the Supplier A has a requirement of at least 25,000 units in the order, while Supplier B has a requirement of a minimum order size of 10,000 units and a maximum order size of 20,000. What is is the minimum total cost of order that the hospital needs to pay to the suppliers to get the items?
- Chris Sandvig Irrigation, Inc., has summarized theprice list from four potential suppliers of an underground controlvalve. See the accompanying table on the next page. Annual usageis 2,400 valves; order cost is $10 per order; and annual inventory holding costs are $3 .33 per unit.Which vendor should be selected and what order quantity isbest if Sandvig Irrigation wants to minimize total cost?Durant Co. manufactures glass bottles for dairy products. The contribution margin is $0.10 perbottle. Durant just received notification that one of its orders for 100,000 bottles contained misprintedlabels and thus had to recall and reprint the bottle labels. If it will cost $0.05 per bottle to reprint thelabels and $1,000 to reship the bottles, what will the net contribution margin be after the recall?Which of the following combinations would result inneeding to utilize the largest number of suppliers?a) a high value of S and high value of Ub) a high value of S and low value of Uc) a low value of S and high value of Ud) a low value of S and low value of U
- A fireworks competition is happening in Sydney this November. An entrance fee of $8.00 is required for spectators who want to have a great view of the competition. However, residences near the competition can also watch the firework displays even without paying for the $8.00 entrance fee. 1. Fireworks display is considered a common good. 2. Fireworks display is non-excludable and non-rivalrous. 3. Fireworks display is non-rivalrous but excludable. Which of the above statements are true? Only 1 is true. Only 2 is true. Only 3 is true. Both 1 and 2 are true. Both 1 and 3 are true.Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard. Price Quantity Demanded Total Revenue Marginal Revenue Variable Cost Total Cost Average Variable Cost Marginal Cost Profit Percent Contribution Margin 18 600 10800 5210 5710 8.68 5090 17 a 11900 11 b 6140 8.06 4.30 5760 0.75 16 800 12800 9 6135 c 7.67 4.95 6165 d 15 900 13500 e 6700 7200 7.44 5.65 6300 0.62 14 1000 14000 5 7335 7835 f 6.35 6165 g 13 1100 14300 3 8060 8560 7.33 h i 0.44 j 1200 14400 1 8900 9400 7.42 8.40 5000 0.30 a.____________ b.____________ c.____________ d.____________ e.____________ f._____________ g._____________ h._____________ i.______________ j.______________Florida Citrus produced 40000 boxes of fruit that sold for OMR 3 per box. The total variable costs for the 40000 boxes were OMR 60000, and the fixed costs were OMR 75000. (a) What was the break-even quantity? (b) How much profit (or loss) resulted? (Ans. (a) 50000 boxes and (b) OMR 15000 loss) Draw a graph for the above question. Take appropriate scale on x and y axes. Label axes. Show Break-even point, break-even cost and break even quantity.