Describe the dependency of service level and inventory level in operations
Q: How are the flow of goods in the rice wholesaler and retailer warehouse? (
A: Rice is the basic grain consumed as a food in India.
Q: 2. Describe Webvan's supply chain design in detail. Contrast Webvan's supply chain with that of a…
A: Webvan’s Supply chain: Webvan’s supply chain operations has begun on 1999 and now it…
Q: (Round your answers to 0 decimal place,e.g.,200.) Season Forecast Fall Winter Spring Summer
A: Demand is the total quantity of goods and services that an individual is willing to purchase at…
Q: suppose your business is rental cloth collection, explain specifically the markets competitive…
A: Rental cloth collection is business where the cloth are provided for rent to the user for a…
Q: Demand for products or services can be broken down into how many components and explain the…
A: Demand for goods and services can be broken down into six components. These six components are as…
Q: OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has…
A: Acquisitions are considered advantageous for business for the following reasons: The company that…
Q: OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has…
A: Demand for goods can be understood as how much the customers are wanting to buy a product from the…
Q: Revenue per Available Room (RevPar) and Average Daily Rate (ADR)? Why is RevPar lower than ADR
A: Revenue per available room (RevPar) and average daily report (ADR) are metrics used in the…
Q: Conclusion analysis of the grab food business.
A: Concluding an analysis of the GrabFood business, a segment of Grab Holdings Inc., which is a key…
Q: Henri of Henri’s French Cuisine (HFC), a chain of 12restaurants, is trying to decide if it makes…
A: Formula:
Q: The bullwhip COVID-19 effect supply chain impact, Advise the two fundamental approaches which can be…
A: Supply chain management: The area of production management that deals with resource and product…
Q: Effective Demand Management in a NATURAL RESOURCES/MINING COMPANY
A: Great treatment of market demand information is one of the most crucial ideas in any supply chain.…
Q: A supply chain that must deal with high levels of both supply and demand uncertainty.
A: A supply chain that must deal with high levels of both supply and demand uncertainty is known as the…
Q: Suppose that the government is considering enacting an expansionary policy in 2023 that would shift…
A: If the government is considering enacting an expansionary policy in 2023 that would shift aggregate…
Q: What is revenue management and how does it work? What types of service operations benefit most from…
A: Revenue Management is a disciplined analytics technique that indicates buyer behavior at the…
Q: List, and briefly explain, current trends in supply chain management.
A: The current trends of supply chain are Internet of things (IoT), digitization, visibility, cloud…
Q: Hau Lee Furniture, Inc, spends 55% of its sales dollars in the supply chain and finds its current…
A: given
Q: FarmBox is a company who grow and distribute fresh food produce directly to customers via an online…
A: Human Resource Management refers to process of recruiting, selecting, providing training and…
Q: Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at…
A: a. Current year annual sales = $48 million Inventory turned over = 6 times Next year increase in…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: Inventory management aids in maintaining a smooth production flow by ensuring that necessary raw…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = 3,410,000 52 weeks per year
Q: What is the inventory days’ supply? What target inventory level is necessary to reach a 15- and…
A: The inventory days’ supply is defined as the ratio of the average inventory of all types (Raw…
Q: The Ashton Furniture Company manufactures coffee tablesand chest of drawers. Last year the company’s…
A: Days in inventory, also regarded as the Days of supply, which is defined as the efficiency ratio,…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = $3,410,000 52 weeks per year
Q: Frank’s Contract Bakery measured her 2021 Cost of Goods Sold to be 6516265. Her Average Aggregate…
A: Inventory Days of Supply display the typical time it takes for your business to buy goods and sell…
Q: What is meant by the term inventory velocity and why is this important? What is information…
A: Inventory velocity & Information velocity
Q: Katie Perez, owner of Perez POPS, realizes she needs a Point of Sale System (POS) for her main shop…
A: Note: The answer has been authored in a generalized manner.POS stands for "Point of Sale." It refers…
Q: At The Fresh Connection, the supply chain manager, has just chosen to change all of the stock levels…
A: Supply chain management is the management of the transportation of products and services, and it…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A:
Describe the dependency of service level and inventory level in operations ?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year?
- A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year?OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has been in business for over 20 years, mainly producing baby formula for infant nutrition industry and selling the formula exclusively through its distribution network across the United States. Over the years, OPMFORMULA gradually expanded its production capacity and consumer base. However, over the past 24 months, the company has been faced with an unprecedented and unanticipated increase in demand, which has cleared out its storage facilities and exceeded its production capabilities. At this time, the demand continues to be extremely high. The company has an existing storage facility, specifically designed for long-term storage of baby formula (controlled climate, humidity, etc.), which can be converted to a new production line. The new production line would increase the existing manufacturing capabilities by 50%. However, this would require a substantial investment in remodeling of the…OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has been in business for over 20 years, mainly producing baby formula for infant nutrition industry and selling the formula exclusively through its distribution network across the United States. Over the years, OPMFORMULA gradually expanded its production capacity and consumer base. However, over the past 24 months, the company has been faced with an unprecedented and unanticipated increase in demand, which has cleared out its storage facilities and exceeded its production capabilities. At this time, the demand continues to be extremely high. The company has an existing storage facility, specifically designed for long-term storage of baby formula (controlled climate, humidity, etc.), which can be converted to a new production line. The new production line would increase the existing manufacturing capabilities by 50%. However, this would require a substantial investment in remodeling of the…
- Conclusion analysis of the grab food business.Hau Lee Furniture, Inc spends 55% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment Hau would ike to improve the profit line to $20,000 so he can obtain the bank's approval for the loan Current Situation Sales $100,000 $55,000 (55%) $15,000 (15%) Cost of material Production costs Fixed cost $15,000 (15%) Profit $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,0007 What is the cost of material with a $20,000 profit? A decrease of% in matenial (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of S (Enter your response for the percentage decrease to one decimal place and enter your resporise for the new matenal cost as a whole number.)At The Fresh Connection, the supply chain manager, has just chosen to change all of the stock levels for finished goods. This is in an attempt to improve service levels to customers. He has set a new safety stock and production interval for all finished products. As the operations manager, it is your task to find out how much space you need in your finished goods warehouse. In an effort to simplify the system, the supply chain manager has set the safety stocks for all 6 finished goods to 3 weeks and the production interval of all finished goods to 1 weeks (or 5 days). The production interval is the time between production runs of a given product. At The Fresh Connection, you measure stocks in terms of weeks of demand. Currently you can store 600 units of 1 liter cartons on a pallet and 1440 units of 0.3 liter PET bottles on a pallet. Your average weekly demand for all the products combined, in 1 liter cartons is 155000. This means that the sum of all one liter products that flow…
- please help to answer below questionAndrew Manufacturing held an average inventory of $1.5 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.5 million, and its cost of goods sold was $6.2 million. The firm operates 290 days a year. What is the inventory days’ supply? What target inventory level is necessary to reach a 15- and 10-day inventory days supply during the next two years?What is revenue management and how does it work? What types of service operations benefit most from good revenue management systems and why
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)