Chris Sandvig Irigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 700valves; order cost is $7 per order, and annual inventory holding costs are $2.15 per unit.Vendor AQuantity1-14Vendor BPrice$34.75Vendor CPrice$34.50Vendor DPrice$34.2533.0031.00QuantityQuantity1-149PriceQuantity$35.001-241-4950-149150-29915-2434.7525-99100-19934.0033.7532.50150-29925-99100-199200-39933.5532.3532.80300+31.6030.50200-399300+31.1031.15400+400+30.75Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost?Chris Sandvig Irigation should orderunits at a time from Vendor B(enter your response as a whole number).

Cost minimization is the method involved with lessening consumptions on superfluous or wasteful…

Answered: Chris Sandvig Irrigation, Inc., has…

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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As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.20 $2.00 $1.25 $1.20 Variable Cost $0.60 $0.95 $0.35 $0.25 % of Revenue 26 24 30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $633.640 (round your response to two decimal places).
As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Selling Price Variable Cost % of Revenue Soft Drink $1.00 S0.70 25 Wine $2.00 $0.95 25 Coffee $1.25 $0.30 30 Candy $1.20 $0.30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $280.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $60.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine = servings…
The process outputs from three suppliers are shown in the table. The customer is striving to achieve 3-Sigma performance. The product specification limits are USL = 210, and LSL = 190. If the three suppliers were able to shift their process averages to the target value, which supplier(s) would be capable of 3-Sigma performance? A. Suppliers 2 and 3 B. Suppliers 1 and 2 C. Suppliers 1 and 3 D. Only supplier 1.
Please do not give solution in image format thanku
link of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1/. According to Simpson and et.al, why should we measure the performance of our suppliers?
This question has a few parts to it, but it is all one question. Thank you so much!
part b
Horizon Cellular manufactures cell phones for exclusive use in its communication network. Management must select a circuit board supplier for a new phone soon to be introduced to the market. The annual requirements (D) are 40,000 units and Horizon's plant operates 250 days per year. The data for three suppliers are in the attached table. Annual Freight Costs Shipping Quantity (Q) Supplier 10,000 20,000 Price/Unit (p) Annual Holding Cost/Unit (H) Lead Time (L) (days) Annual Administrative Cost Material Costs Abbott $11,000 $8,500 $29 $5.80 4 $11,000 $232,000.00 Baker $12,000 $9,500 $31 $6.20 3 $12,000 $1,240,000 Carpenter $9,000 $7,000 $28 $5.60 8 $9,000 $1,120,000 Which supplier and shipping quantity will provide the lowest total cost for Horizon Cellular? Using the supplier [X] and a shipping quantity of [X] units is the lowest cost alternative, with annual total costs to Horizon Cellular of [X]. (Quantity and Annual Total Costs are integer…
Why is it important to consider “uncertainty” when evaluating supply chain process?
b) Impact of the Fourth Industrial Revolution on Supply Chain Lea Manufacturing industry Additional Revenues 22.6% 20.1% Cost Reduction 17.6% Cost Reduction + additional revenues 17.6% Logistics Service Additional Revenues 33.6% 14.5% Cost Reduction 34.2% Cost Reduction + additional revenues 17.8% 每 Retail Additional Revenues 33.3% 25.5% Cost Reduction 7.8% Cost Reduction + additional revenues 33.3% Source: http://www3.weforum.org/docs/WEF The above diagram shows the expected impact of digital transformation on the cost situation in companies practising Industrial Revolution 4.0 (IR 4.0) principles. a) Discuss two (2) factors that could benefit the logistics industry when embracing the digital transformation initiative. Elaborate two (2) activities in logistics operations that require changes to fulfil the digital transformation to IR 4.0.
Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools. Meanwhile, Weekend Projects is a national chain of retail outlets and wants to find a supplier for a particular tool set that promises to be a big seller. Expected annual sales are 100,000 units (D). Weekend's warehouses operate 50 weeks a year. Management collected data on the two suppliers, which are contained in the table below: Annual Freight Costs Shipping Quantity (Q) Annual Lead Annual Supplier 20,000 40,000 Price/unit(p) Administrative Holding Cost/Unit(H) (L)(wks) $1.5 $1.8 Time Cost Bradley $30,000 $20,000 Alexander $25,000 $22,000 $6 $5 $20,000 $30,000 4 What is the total annual cost for Weekend Projects if the company chooses Alexander as the supplier and determines the shipping quantity at 40,000 units per shipment? $608,600 O $609,600 $606,600 O $607,600
Op2. Define the parties involved directly and indirectly in the supply chain and their role in the smooth running of the business?

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