TABLE EXAMPLE MATRIX OF WEIGHT BREAKS AND FREIGHT CLASS ($/CWT) Class < 500 (lbs) 500 (Ibs) 1,000 (Ibs) 2,000 (Ibs) 5,000 (Ibs) 10,000 (lbs) > 20,000 (lbs) 50 34.30 28.32 24.25 23.04 17.58 15.74 10.47 55 36.94 30.50 26.12 24.82 18.93 17.41 11.58 60 39.59 32.69 27.99 26.60 20.29 19.08 12.69 65 41.94 34.64 29.66 28.18 21.49 20.27 13.48 70 44.64 36.86 31.56 29.99 22.88 21.94 14.59 77.5 48.10 39.72 34.01 32.32 24.65 23.85 15.86 85 51.90 42.86 36.70 34.87 26.60 26.24 17.45 92.5 55.89 46.15 39.52 37.56 28.64 28.38 18.87 100 60.27 49.77 42.61 40.50 30.89 30.77 20.46
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.
Arts N Crafts Industries manufacturers high-end light fixtures, which it sells internationally. The company is responsible for paying for shipping its product to a distributor located in Atlanta, Georgia. Due to the high cost of shipping, the company is considering shipping its products unassembled, but will include detailed assembly instructions in each package. By shipping unassembled products, Arts N Crafts will be able to shrink the size of its cartons and thereby increase the number of products per pallet from 16 (4 rows of 4) to 25 (5 rows of 5). Note that this change will not appreciably increase each product’s 8-pound shipping weight. Furthermore, since individual fixtures will be packed more tightly, they will be less susceptible to damage and easier to handle. Thus, the company expects the freight class to decrease from 85 to 70. Currently the company ships 400 units per week.
a. Using Table, assess the impact of the proposed change in packaging on weekly shipping cost.
b. How will your analysis change if demand for the product increases to 500 units per week?
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