Inventory A certain bookstore chain has two stores, one in San Francisco and one in Los Angeles. It stocks three kinds of books: hardcover, softcover, and plastic (for infants). At the beginning of January, the central computer showed the following books in stock. Hard Soft Plastic San Francisco 1,000 3,000 6,000 Los Angeles 1,000 6,000 3,000 Its sales in January were as follows: 600 hardcover books, 1,300 softcover books, and 1,900 plastic books sold in San Francisco, and 300 hardcover, 300 softcover, and 500 plastic books sold in Los Angeles. The bookstore chain actually maintained the same sales figures for the first 6 months of the year. Each month, the chain restocked the stores from its warehouse by shipping 500 hardcover, 1,400 softcover, and 1,400 plastic books to San Francisco and 600 hardcover, 600 softcover, and 600 plastic books to Los Angeles. (a) Use matrix operations to determine the total sales over the 6 months, broken down by store and type of book. Hard Soft Plastic San Francisco Los Angeles (b) Use matrix operations to determine the inventory in each store at the end of June. Hard Soft Plastic San Francisco Los Angeles
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.
| Hard | Soft | Plastic | |
|---|---|---|---|
| San Francisco | 1,000 | 3,000 | 6,000 |
| Los Angeles | 1,000 | 6,000 | 3,000 |
| Hard | Soft | Plastic | |
|---|---|---|---|
| San Francisco | |||
| Los Angeles |
| Hard | Soft | Plastic | |
|---|---|---|---|
| San Francisco | |||
| Los Angeles |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
