Determine SLC Walmart’s Economic Order Quantity in [gallons]. 2. If SLC Walmart buys 750 gallons of coconut water per order, what is the average flow time of coconut water at SLC Walmart? (Hint: First find the average inventory (I). Then use Little’s Law to find the flow time (T) in weeks. Note that the flow rate (R) is 600 [gallons/week].) 3. What is the optimal weekly cost of ordering and holding?

Q: Al Fursan Inc. needs 300 kgs of a material per month (four weeks). It costs RO 10 to make and…

A: EOQ is the optimal quantity that a company can order to minimize its cost.

Q: William​ Beville's computer training​ school, in​ Richmond, stocks workbooks with the following​…

A: The optimal quantity a business should acquire to reduce its inventory expenses, such as shortfall…

Q: a. Which inventory model fits the best to this problem? O A. All-units quantity discounts model B.…

A: EOQ = 900 casesTime of orders = 4 monthsSetup costs (S) = $5000Holding cost (H) = $14

Q: Problem #2- Jasper Inc. has four different air conditioning SKUS: J101, J102, J103 and J104. The…

A: Given data is Mean = 500 units Standard deviation = 10 Confidence level = 95% The formula to…

Q: ABC Inc. operates 360 uaya per ycar au uaua uel to make inventory decisions about plastic pellets…

A: Answer: ABC Inc. operates 360 days a year and its daily demand has been forecasted to be 600 units…

Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…

A: The economic order quantity (EOQ)  is a optimal order quantity where logistics costs, stock outs,…

Q: Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an…

A: EOQ FormulaWhere:D is the annual demand for the product.S is the ordering cost per order.H is the…

Q: Describe the perpetual and the periodic inventory systems. Are there circumstances in which one…

A: A periodic review system uses an occasional physical count of all the inventory balances of all the…

Q: Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in…

A: Given Production per day p = 290 / day Annual demand D = 12700 / year d = 12700/250 = 50.8 Working…

Q: PUC Enterprise has annual demand for corporate finance textbook of 500. The cost of the textbook is…

A: Annual Demand (D)= 500unit cost=$40Holding cost (H)=20% of unit costHolding cost (H)= (20%*40)=…

Q: A large law firm uses a constant 50 reams of copier paper per day. The lead time for the paper is…

A: Find the Given details below: Given Details: Mean (Average Demand) 50 Reams/day Standard…

Q: One reason for authorizing purchases is to enable efficient inventory manager. A) True B) False

A: When purchases are subject to authorization, it ensures a structured and controlled approach to…

Q: A local retailer anticipates an annual demand 12000 units of a product. The retailer allows…

A: The formulas that we are going to use are:   Optimal batch size, Q = [2.a.K.(h + p) / h.p]1/2…

Q: Peach Company uses 800 units of a product per year on a continuous basis. The product has a Fixed…

A: Given data  Annual demand = 800 units  Fixed cost (S) = $50  Carrying or holding cost (H) = $2 Lead…

Q: Thomas Smith is the purchasing manager for the headquarters of a large insurance company chain with…

A: Below is the solution:-

Q: For an item with an average daily demand of 70 units with a standard deviation of 4 units, an…

A: Given data: Average daily demand (d) = 70 unitsThe standard deviation of demand (σ) =4 units…

Q: Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an…

A: Given-

Q: Explain what are the type of demand distribution effects on inventory situations?

A: There are several types of demand distribution forecasting models that are used, including…

Q: How many sheets should you order?

A: Service Level = 90% Annual Demand (D) = 3400 sheets Working Days (W) = 365 days Review Period (R) =…

Q: Sunstar Ice Cream Sells 12,000 gallons of ice cream each month from its central storage facility.…

A: Given, Demand of ice cream, d = 12000 gallons Carrying cost, h = P 0.10 per gallon Ordering cost, o…

Q: Mattress Firm sells water beds and assorted supplies. Their​ best-selling bed has an annual demand…

A: Given- Annual demand (D) = 395 units Ordering cost (S) = $43​ Holding cost (H) = $5 per unit per…

Q: Ms Nadhirah opened a souvenir shop which she operates 36 weeks per year. Her top-selling product is…

A: The question is related to Inventory Management. The Economic Order Quantity is that level of…

Q: Muscat Bakery buys flour and uses an average of 1215 kg a year. The cost of ordering the flour…

A: The EOQ model is used to minimize its annual inventory-related costs. Cost of ordering = No. of…

Q: The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes peryear (365…

A: Re-order is a point where the company has to place orders for required input resources such as raw…

Q: What are the core components of the Wilson approach in inventory management?

A: It is important to manage inventory in an effective manner. There is a time gap between the…

Q: Double T appliance is a retailer of small appliances in West Texas.  Double T gets all of their…

A: Given, Annual demand D = 10000 units Ordering cost S = $100 Carrying cost H = $50 EOQ = 200 units

Q: Describe what is safety stock and what it provides safety against in inventory management

A: To define:  what is safety stock and what it provides safety against in inventory management

Q: Economic Order Quantity A pipe manufacturer requires a chemical for making plastic at the rate of…

A: Economic Order Quantity is a inventory management technique which helps to identify the optimal…

Q: The electrolyte drink for our beloved NMSU soccer team average normally distributed demand of 5…

A: The reorder point (ROP) can be defined as a degree of stock which triggers an activity to recharge…

Q: Mac-in-the-Box, Inc., sells computer equipment by mail andtelephone order. Mac sells 1,200 flat-bed…

A: Annual Demand = 1200 units. ($400 per unit as given in the table.) Ordering Cost = $300 Holding Cost…

Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…

A: Demand D = 19400 units per year Ordering Cost S = $27 per order Holding Cost H = $5 per unit per…

Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…

A: Given data:  Demand D = 19,400 units/year Ordering cost S =$ 27/order Holding cost H =$5units/year

Critical Path Method

The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay. 

Cost Analysis

The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services. 

Inventory Management

Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.

Project Management

Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.