Problem 1The following information applies to the City View Restaurant.May 1 Food inventory value:$73,480 bnldeMay 31 Food inventory value:$77,550bonenCost of food used during May$386,4101. What is the inventory turnover rate for food products for the City View Restaurant?2. What does the answer (inventory turnover ratio) in question 1 mean?

Inventory control is also described as the control of stock and is a means of managing of inventory…

Answered: Problem 1 The following information…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Strategic Supply Chain management Question 1. By use of ‘PESTLE’ analysis, explain how environmental factors affect business.
Q.1. a) Identify the challenges affecting the delivery performance and buffer levels in an in-house material handling system at BRL. (
QUESTION 12 A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT (S) Average Crowd $50,000 $70,000 1.50 Small Crowd -$2,000 -$5,000 30
Which is not a current Issues in OSCM? Question 13 options: Managing the companies that produce components and supply major business functions for the firm. Optimizing global supplier, production and distribution networks. Leveraging the information available to the firm to make decisions concerning inventory, transportation and production. Lowering awareness of the competitive advantages of OSCM.
Q7. The president of Rose Bowl Enterprises, Desmond Howard, projects the firms aggregate DEMAND requirements over the next 8 months as follows: These are the monthly DEMAND, not production. MONTH JAN FEB MAR APR MAY JUN JULY AUG DEMAND 1,400 1,600 1,800 1,800 2,200 2,200 1,800 1,800 PRODUCTION 1,600 from December INVENTORY 200 from Dec plus 200 His operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a strategy that produces the quantity demanded in the prior month. The December demand was given as 1,600 units per month. Therefore, the production for JAN will be 1,600. However, only 1,400 are needed. Therefore, the extra 200 produced go into inventory and there is a holding cost for inventory. Also, per the above, you already have 200 units in inventory…
S C 0 r e 4 b) 3.5 3+ 2.5 2 1.5 1 0.5 + 0 4 3.17 3.18 Malaysian Logistics Performance Index 3.45 3.49 Custom Logistics Efficiency Infrasturcture 3.65 Based on the above chart: a) 3.21 World Bank Logistics Performance Index 3.46 3.57 *Note: Score: 0 - Poor, 5- Excellent 3.34 Timeliness Track and Trace Quality and Logistics Cost Competency Malaysia Logistics Performance Index 3.52 Source: https://www.lpimy.com The above chart shows the comparison between the average Malaysia Logistics Performance Index (MLPI) and the World Bank Logistics Performance Index (WBLPI). Discuss five (5) key components measured in the survey. 3.48 The MLPI is a survey based measurement of the Malaysia logistics performance from the views of industry professionals. The objective of the survey is to evaluate the status of logistics performance for Malaysia. 3.28 Compare the trend of performance between MLPI and WBLPI.
10

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