DETERMINING THE NUMBER OF KANBAN CONTAINERS Hobbs Bakery produces short runs of cakes that are shipped to grocery stores. The owner, Ken Hobbs,wants to try to reduce inventory by changing to a kanban system. He has developed the following dataand asked you to finish the project.Production lead time = Wait time + Material handling time + Processing time = 2 daysDaily demand = 500 cakesSafety stock = 12 dayContainer size (determined on a production order size EOQ basis) = 250 cakes

Q: ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6…

A: Given data is Beginning inventory = $2000 Ending inventory = $1000 Inventory turnover = 6 times

Q: There is high utilization of inventory in chase approach O a. True O b. False

A: Inventory management is a systematic approach to sourcing, storing, and selling inventory- both raw…

Q: None

A:

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A: ANSWER: OPTION (D) is the correct answer: Continuous Review Policy.

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A: The current answer is True.

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Q: Increases in holding costs ________ the economic order quantity. Group of answer choices Decrease…

A: An imaginary example is given below;

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Q: what is the annual inventory turn rate? (round to nearest whole number)

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A: Find the answers below: The Correct answer is False.

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Q: Please do not give solution in image formate thanku. A company has an annual demand for a product…

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Q: Which of the following are true as the order decoupling point moves toward the source?    I.…

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Q: a) Setup cost = $ (round your response to two decimal places).

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A: THE ANSWER IS AS BELOW:

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Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.