Formulate a problem and make a solution using the Economic Production Quantity Model.
Q: Find the Initial Basic feasible solution (Total Cost) by using Vogel's Approximation method.…
A: VOGELVogel's Approximation Method (VAM) is use to find the initial basic feasible solution for a…
Q: The career counselor at Mountain Peak College has a tough job. She is expected to provide…
A: 1) To find payoff table showing the 3-year gross salaries of the different careers. Payoff table…
Q: Demand varies a great deal in most organizations. How can you adjust supply to try to match demand?
A: The various strategies that include to match the supply with the demand are,. a) Smoothing the…
Q: Will the supply chain world remain chaotic this year, asks Supply Chain Dive (Feb. 22, 2022)? What…
A: The complete world came to stand still because of the Corona pandemic. Everything in the business…
Q: Scenario A Mervin and Ling Li decided to register a partnership at the Companies Commission of…
A: Growth, innovation, and new employment opportunities are all fueled by entrepreneurial activity.…
Q: a practical example of Sustainability as a reason for increasing the importance of the purchasing…
A: Demand and supply are the two basic things in economics that are seesaw for the economy. When the…
Q: Which trends do you think are the easiest to address and why?
A: The entire world came to stand still because of a virus. Everything in the business world disrupted…
Q: Describe what are the main reasons and arguments for offshoring is the lower total cost?
A: Offshoring is when a company relocates or develops a manufacturing plant in another country, as well…
Q: Discuss the role of demand estimation and demand forecasting in the success of a business firm you…
A: Demand estimation means identifying the possible reasons which affected the numbers of demand…
Q: What is production cost? Give examples of production cost in manufacturig enterprises.
A: Manufacturing cost is the sum of costs of all the resources consumed in the process of making a…
Q: Write Mission and Objectives of a Grocery Store and five possible business strategies to achieve the…
A: A company's mission statement defines its line of business, as well as why it exists and what…
Q: What is the origin of the logistical chain and why does it exist?
A: The way information and products are defined from the supplier or retailer to the end-user is…
Q: A multi-brand apparel UK-based retail company, an MNC, having a presence and stores in 20 other…
A: The recruitment and training process is one of the most integral part of running any kind of…
Q: Critically discuss all activities and flows involved in the supply chain of Rhodes food.
A: Foods in cans, drinks, and meal solutions are just a few of the items produced by Rhodes Food, a…
Q: As of 2021 harvest, what must producers in Alsace now indicate on back label of their wines?
A: A wine bottle's label is a crucial component of the merchandise. Customers can get important…
Q: A university currently has a recycling program for paper waste. The fixed cost of running this…
A: Answer image:Step 1:Given data,The fixest cost for running this program is $15000 per year.The…
Q: Conduct an external environment analysis and industry analysis to determine opportunities and…
A: External environment is the environment in which the companies thrives. All the factors in that…
Q: Analyze the role of IT procurement strategies in optimizing resource allocation. Provide examples of…
A: Effective IT procurement strategies are fundamental for organizations to make informed decisions…
Q: Satory Malaysia Food & Beverage is the Malaysian subsidiary of a big Japanese keiretsu, Satori…
A: Strategic management is the aspect of the organization that deals with making strategies and…
Q: Describe the different type of costs to produce electricity. Categorize the costs by fixed and…
A: Like other financial product costs, power production requires land, work, natural substance and…
Q: The aircraft manufacturing industry has four major players: Boeing, Airbus, Bombardier, and EMBRAER.…
A: Airplanes, helicopters, and unmanned aerial vehicles (UAVs) are just some of the aircraft that are…
Q: SKA negotiation SKA is a newly established NGO with an aim of changing lives of the poor and needy…
A: SKA, a newly formed NGO in Uganda, has set out on a mission to improve the lives of the destitute…
Q: How can optimization models be effectively utilized in supply chain management to maximize…
A: Each business should carefully examine their supply chain activities in order to maximize efficiency…
Q: According to the Local Enterprise Authority website ,LEA with a geographical footprint across the…
A: Introduction:The Local Enterprise Authority (LEA) is a key player in promoting citizen…
Q: Give some examples of sectors where the market for other commodities has an effect on demand…
A: Forecasting future demand makes use of historical data, trends, seasonality, and expert opinion. Any…
Q: Describe sales and operations planning in terms of its purpose, components, and frequency and how…
A: Sales and Operations Planning (S&OP) is a business process which assists organizations in…
Q: Explain the supply solutions that are used in sales and operations planning?
A: The supply chain is described as the mechanism by which firms/organizations participate in the…
Q: PESTEL analysis for coffee cultivation in Malaysia.
A: An analytical framework known as a PESTEL analysis is frequently used to assess the business…
Q: Think about the recent advancements in Corona Virus Vaccines. How do you think the demand and supply…
A: Demand and supply is the most important concept of the economy. It helps in understanding the…
Q: Explain the ethical issues of cost allocation
A: Below are the ethical issues of cost allocation:
Q: One of the key aspects of PT Logistra's operations is the selection of the right suppliers to ensure…
A: a. Total Cost for each supplier:To calculate the total cost for each supplier, we need to consider…
Q: As the supply chain manager for KFC in Port Elizabeth, it is your responsibility to make sure your…
A: My duty as the supply chain manager for KFC in Port Elizabeth is to plan a well coordinated supply…
Q: outsourcing
A: Outsourcing activity holds great advantages but is not at all risk-free. Steps should be taken to…
Q: Define the term redeployment? What significance does redeployment have?
A: Redeployment is the term used in the workplace to describe the transfer of a worker from one…
Q: a. How many breakers would the electrical switching equipment company need per year to make the…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Describe and contrast the Sustainability Criterion and the Hartwick Rule.
A: Introduction ” Thought of the world’s vanishing supplies of minerals, timberlands, and other…
Q: TRUE or FALSE. The larger is the variation in firm demand in an industry with relatively fixed total…
A: An equilibrium situation in the market arises when the market demand is equal to the market supply…
Q: Which are the six steps of the factor-rating method?
A: Operations management is the administration of operational processes within a company to create the…
Q: SKA negotiation SKA is a newly established NGO with an aim of changing lives of the poor and needy…
A: Negotiation plays a crucial role in the procurement process for the newly established NGO, SKA, as…
Q: In terms of manufacturers, what are the features of supplier partnerships?
A: Customer order fulfilment refers to the process of gathering orders, packing them, and sending them…
Q: A manufacturer can produce an item for $139/unit with a fixed cost of $56,034. The alternative is to…
A: The break-even point is the point at which the total cost of production equals the total revenue…
Q: Briefly list and describe the main production strategies, and comment on how each strategy affects…
A: Production strategies are described as the action plans that are carried out for the long term. It…
Formulate a problem and make a solution using the Economic Production Quantity Model.
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- Value proposition, revenue model and competitive environment are three examples of elements of a business model. Describe how business organisations can use information technology to design attractive value proposition, revenue model and competitive environment that might lead to a successful business ventureClaudia Pragram Technologies, Inc., has narrowed its choice of outsourcing provider to two firms located in different countries. Pragram wants to decide which one of the two countries is the better choice, based on risk-avoidance criteria. She has polled her executives and established four criteria. The resulting ratings for the two countries are presented in the table below, where 1 is a lower risk and 3 is a higher risk. The executives have determined four criteria weightings: Price, with a weight of 0.1; Nearness, with 0.6; Technology, with 0.2; and History, with 0.1. a) Using the factor-rating method, which country would you select? b) Double each of the weights used in part (a) (to 0.2, 1.2, 0.4, and 0.2, respectively). What effect does this have on your answer? Why?SKA negotiation SKA is a newly established NGO with an aim of changing lives of the poor and needy in Uganda. As a way to achieving its goal, various goods and services have to be procured. Ben the new Procurement Manager has been tasked to identify and negotiate with potential suppliers and service providers to ensure procurement of quality, reliable and affordable services and goods. Among the items required are; office furniture and equipment, food, clothes, laptops and IT services. Ben’s responsibility is to coordinate and manage teams within SKA to ensure effective agreements are arrived at. However, disagreements within teams are increasing with majority of the members blaming BEN for taking over their roles, his over dominance personality and failing to consider the needs of other. Allan with whom they are supposed to coordinate the activities is always criticizing whatever step is being taken without giving solutions on how certain things should be done. Other organizational…
- Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-five years, in old rented premises located in the heart of the Barbadian capital of Bridgetown. The company has a flexible labour force of about twenty employees and three directors, only one of whom, namely Mr. Grant, the managing director, is fully active in the business, who wishes to take the business outside of Barbados. Thoughts have been given to launch a small sample on the European market. The company specializes in leisure and swim wear garments for the exotic, high end markets. Their current range consists of tee shirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women and children. The company capacity is 400-500 garments per week, depending on style and continuity of the production run, but additional floor space and machines could be brought in quickly to raise production levels to a maximum of 1000 garments weekly if required. A new…Economics complete the cost tableDiscuss the circular supply chain concept and how it aligns with the sustainability objectives of the Wilson approach.
- Explain the product characteristics of goods and transportation within the food industry and explain how those characteristics can impact inventory control decisions in warehouse operations.TRUE OR FALSE? Selecting the best alternative always depends on the economy under study, rather than the total costs.Mistral plc is a wholesaler of fast-moving consumer goods throughout the UK. The board of directors has decided Mistral pic should use the principles of Supply Chain Management to spise ta activities, and a consultant has made the following specific recommendations to the board as a result(1)Focus on a reduced number of suppliers and high value customers(2)Engage in joint problem-solving with suppliers and customers(3)Restrict information for suppliers about how much inventory is needed Which of these recommendations apply applies the principles of Supply Chain Management? A. (3) onlyB. (1) and (2)C. (1) onlyD. (2) and (3)
- Determine any type of industry (or business sector) and explain the dominating controllable and uncontrollablefactors that influence the selection of facility location for organizations operating in it. For example Computer industry Food industry hospital industryExplain how products of production can be produced from commercial production? Drawing and explanation on the drawing is required in this question.Sourabh Gupta can purchase copper bottles for $ 34 per piece and can manufacture it in house where the fixed and variable cost are $ 51,000 and $ 19 respectively. If the market demand for the bottles is 4500 units for a month, ascertain that whether it would be economical to make the product in house rather than sourcing it .
