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).
"Supply Chain Management is normally defined as optimal fulfillment of customer needs at minimal cost" Explain with the help of a diagram, the various functional aspects that have led to the evolution of Supply Chain Management.?
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
Discuss RFID benefit in the supply chain( 6 benefits with short explaining)
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!
Explain and identify TWO (2) types of risk in the supply chain with relevant examples.
Director of legal services of ABC Company must decide whether to hire another full-time lawyer or to hire part-time lawyers. Anticipated costs for the two options under three possible demand levels are given in the table below: States of Nature Low Medium High Alternatives Demand Demand Demand Hire full-time $460 $380 $430 Hire part- $560 $500 $770 time Probabilities 0.25 0.25 0.5 What is the EMV of the best decision? Specify only the amount. e.g. 350 Answer:
[8] United States. Your harvest has just come in and you picked 795,000 pounds of apples. You need to distribute the harvest to the appropriate warchouse locations. You manage an apple orchard that distributes fruit throughout the southeast part of the [A] Using the following warchouse information, allocate the apples to their appropriate locations. DEMAND STANDARD DESIRED WARE CURRENT STOCK DEVIATION OF DEMAND HOUSE INVENTORY FORECAST AVAIL- ABILITY Atlanta 35,000 lbs 190,000 lbs 20,000 lbs 95% Miami 10,000 Ibs 170,000 lbs 18,000 lbs 95% Columbia 45,000 lbs 155,000 Ibs 10,000 lbs 85% Memphis 5,000 lbs 145,000 Ibs 25,000 lbs 80% [B] Discuss two additional methods to push inventory into a network.
part b

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