The average lead time is 10 days and the average daily usage of widgets is 20. The company has determined that safety stock should be 100 units. What is the reorder point?
Q: e activity times after crashing to show the resulting schedule. (
A: Project crashing indicating the process of reducing the total project completion time using addition...
Q: sole-sourcing arrangements, customers involve suppliers
A: Sole-sourcing arrangement indicating a practice where the system working with a single service provi...
Q: The fixed and variable costs for three potential manufacturing plant sites for a rattan chair weaver...
A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-p...
Q: ch, 1. Prepare a flowchart on preparing You need to follow the correct flow chart symbol. meal, you ...
A: COOKING AN EGG: 1. If Scrambled, then egg is cracked egg is broken with mike and butter ...
Q: The inventory turnover is calculated using the annual cost of goods sold and the aggregate inventory...
A: Inventory turnover indicating the number of time the inventory order or sold in a year. We can ident...
Q: 44. US Airlines receives an average of 500 calls per hourfrom customers who want to make reservation...
A: The following information is provided: The arrival rate is 500/hr The service rate is 20/hr Wage rat...
Q: To better plan for future growth of the restaurant, Karen needs to develop a system that will enable...
A: Forecasting is a method that involves chronicled information as contributions to make informed gauge...
Q: Tigers Sports Club has to select four separate coeddoubles teams to participate in an interclub tabl...
A: The problem is solved as follows
Q: Companies can harness a competitive advantage at any one of the five activities in the value chain. ...
A: Due to the continuous increase of competition for unbeatable prices, exceptional products, and custo...
Q: D. "Non-financial incentives are as strong motivators as the financial ones". Critically examine thi...
A: Employee motivation is described as the creativity, commitment, and energy that is showcased by the ...
Q: The marketing manager of a company that manufactures and distributes farming equipment (such as comb...
A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-p...
Q: Future express deals with futuristic robots and it purchase it by sourcing it to the local manufactu...
A: To be determined: Which option is more economical, production or purchasing of the products Given ...
Q: “flexibility,” “expansion,” and “access” in site selection for a processing plant?
A: The geological area of the last plant can have solid impact on the accomplishment of the modern ende...
Q: Total costs K (in billion PLN) and production volume P (in thousand pieces) in the company MIKA are ...
A:
Q: Evaluate the persuasiveness of Mazzucato’s arguments in The Value of Everything (2018) using the con...
A: A Small Introduction about Critical Management Being basic can be positive and valuable and can b...
Q: What are the advantages and disadvantages or the shortestprocessing time (SPT) rule?
A: The shortest processing time often called the SPT technique can be stated as the technique that woul...
Q: describing a Limited Liability Company (LLC) business that would created. Indicate a specific provis...
A: A limited liability company (LLC) is a business entity for private companies in the United States, w...
Q: Question CWD Oil produces two grades of gasoline: regular and premium. The profit contributions are...
A: Part (A): Decision Variables- Suppose-X= No. of gallons of regular gasoline to be producedY=No. of...
Q: A farmer has 150 acres of land suitable for cultivating crops A and B. The cost of cultivating crop ...
A: Given data is Available land = 150 acres Cost of cultivating crop A = Rs 400 per acre Cost of cultiv...
Q: 1. Discuss project resources.
A: Every project requires resources that is important for the successful completion of the project. Pro...
Q: Arthur (from Alabama) is a regional manager for a brand new textbook company, Big Law Publications (...
A: Ethical responsibilities or obligations can be stated as the responsibilities of a worker to take ap...
Q: 1. The New Orleans plant produces wooden packing boxes to be used in the local seafood industry. Cur...
A: Productivity is the capability of the worker to manufacture the products and services effectively an...
Q: Answer the following: Consider the impact and contribution of outsourcing on the global business env...
A: When a company hires or contracts with another external company to perform their tasks for a specifi...
Q: If the company you work for employs/follows GAAP, how might that affect you as a Project Manager ?
A: GAAP often called Generally Accepted Accounting Principles can be stated as the standards that the e...
Q: A Canadian airline is considering purchasing a new aircraft. The maximum cabinet area that can be us...
A: Let x, y, and z be the number of seats of first-class, premium economy, and economy respectively. Ob...
Q: Explain the importance of resource allocation in project scheduling.
A: Resource allocation means managing and arranging the resources of the organsiation is such a manner ...
Q: 1. Prepare a flowchart on preparing a meal, vou may choose either breakfast, lunch, or dinner. You n...
A: Note: - As it has been specified we will answer question 2 here. A cause and effect diagram or fish...
Q: Tyler bakes Cookies (C) and Breads (B) with the help of two ovens in his little bakery. The time tak...
A: Tyler should produce 99.13 batches of Cookies and 18.26 batches of Breads to achieve a maximized rev...
Q: The publisher, Mark Twain Press, feels it has problems. The CEO, Charles Dickens, has instigated an ...
A: Given data Fixed costs of a Voyage to Arcturus is $380000 Variable costs per book of a Voyage to Ar...
Q: Describe the transportation method?
A: A Small Introduction about Supply Management Supply chain management (SCM) is the discipline that o...
Q: Grace Greenberg, production planner for Science and Technology Labs, in New Jersey, has the master p...
A: A Small Introduction about production Plan A production plan is made intermittently for a particu...
Q: CASE STUDY 2 Wildwood Manufacturing Company is in rural Virginia involve in distribution of wood for...
A: Wildwood Manufacturing Company is in rural Virginia involve in distribution of wood for furniture pr...
Q: 1. A bakeshop has recorded sales (in dozens) for three products, as shown below: a. Predict orders f...
A: Note: - As specified in the question, we will answer question 1 here. Given data is
Q: Explain Briefly 1. Why is operations management is an important activity to a project? Who is suit...
A: Operations management is a field of business that deals include many different sub-fields for its wh...
Q: Utikasn Ltd. purchase glass bowls for € 2.5 per unit or they can manufacture it with fixed cost of €...
A: To be determined: The better option for the company for better profits and costs. Given in the que...
Q: Discuss the method of procurement and procedure you will propose to procure the services of a contra...
A: Procurement refers to the goods and services which are needed to be procured for an organization's d...
Q: Strategic Supply Chain Management Questions. With examples, highlight the benefits of company’s ado...
A: Note: - Since the exact question that has to be answered is not specified we will answer the first q...
Q: Develop an EOQ solution and calculate total relevantcosts for the data in the preceding table.
A: The total cost can be computed as below:
Q: Utikasn Ltd. purchase glass bowls for € 2.5 per unit or they can manufacture it with fixed cost of €...
A: Given: Per unit price = € 2.5 Fixed cost = € 69,000 Variable cost = € 1.5 Demand quantity = 1,01,00...
Q: 1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What ...
A: A) 1. As we just start our job we expect pay just like a fresher. The pay of any organisation is bas...
Q: A company has a product that utilizes labor and machine time. Assume 8,888 units are produced in 500...
A: Details given: Produced units = 8,888 Labour hours = 500 hours price = $ 7/unit labor rate = $ 8/hou...
Q: Jamison Day Consul tants has been entrusted with thetask of evaluating a business plan that has been...
A: For solving this problem, the matrix optimal solutions should be constructed and then solved:
Q: The activities, their durations and precedences for designing, writing and installing a bespoke comp...
A: Note: - Since the exact question to be answered is not specified we will answer the first question h...
Q: Discuss at least 2 landmark Supreme Court rulings that have helped shape labor practices today.
A: A Small Introduction about Labor Management Labor-Management Relations is the communication of work...
Q: 'n a system with a single capacity 1 server with Random.Exponential(0.25) minutes inter-arrival time...
A: The Utilization Rate is the rate at which you use the all-out accessible season of your assets. It e...
Q: Which of the following is a performance measure used to measure customer service for a build to stoc...
A: Understanding how to measure customer service benefits is similarly as important as knowing how to g...
Q: a, b, and c represent possible outcomes of NAFTA re-negotiations. Which of these outcomes is both wi...
A: 1. a, b, and c represent possible outcomes of NAFTA re-negotiations. Which of these outcomes is both...
Q: In wox limited the first 31 units takes 34 hours to be produced where the learning curve rate is 77%...
A: To be determined: The time taken by 124 units for production and the unit time of 2nd slot using the...
Q: What role does a security risk assessment have in the organisation?
A: A Security Risk Assessment often called SRA can be stated as the evaluation or assessment that gener...
Q: Which system extends MRP li to tie in customers and suppliers?a) MRP Illb) JITc) IRPd) ERPe) Enhance...
A: Manufacturing Resource Planning often called MRP II system can be stated as the unified information ...
Step by step
Solved in 2 steps with 1 images
- The average lead time is 15 days and the average daily usage of widgets is 30. The company has determined that safety stock should be 100 units. What is the reorder point?During the last 5 weeks, demands for a certain SKU at a retailer were 7 units (5 weeks ago), 4 units, 4 units, 4 units, and 5 units (last week). The retailer uses a period review model with order-up-to level 71 units, a review period of 2 weeks, and the lead time is 11 weeks. It is time to order. How much should the retailer order?Dave’s local college football team is playing for the national championship in next month’s bowl game, and he’s thinking about having “We’re number one” T-shirts imprinted in honor of the team. It’s too late to get the shirts before game day, but if he orders today, he can get them within a few days after the game. The shirts must be ordered in multiples of 1000, and Dave has estimated the amount of profit he will make for possible outcomes of the game. Given the following payoff table, what will Dave do if he uses the maximin criterion? The maximax criterion? The minimax regret criterion? Order no shirts $0 wins $0 loses $0 ties Order 1000 shirts $800 wins $-200 loses $200 ties Order 2000 shirts $1600 wins $-400 loses $300 ties
- Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be? Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?The following information relates to the forthcoming period:-Order costs = $25per orderHolding costs = 17% of purchase priceAnnual demand = 16,000 unitsPurchase price = $17 per unitOrder quantity = 650 unitsRequired:-What are the total annual costs of inventory?Petromax Enterprises uses a continuous review inventorycontrol system for one of its SKUs. The following informationis available on the item. The firm operates 50 weeks in a year.Demand = 50,000 units>yearOrdering cost = $35>orderHolding cost = $2>unit>yearAverage lead time = 3 weeksStandard deviation of weekly demand = 125 unitsa. What is the economic order quantity for this item?b. If Petromax wants to provide a 90 percent cycle-servicelevel, what should be the safety stock and the reorder point?
- The weekly demand for a product is 770 units. The standard deviation of dailydemand is 10 units. The firm reviews its inventory every 28 days. Each order for the product arrives 9 days after placement. At the time of review, there are 10 units backorder. If 95 percent of all demand is to be satisfied from items in stock:a) How many units should be the safety stock?b) What’s the product’s inventory status?c) How many units should be ordered for this period?The two-bin approach is used to control inventory for a particular low-cost component. Each bin holds 1000 units. The annual usage of the component is 40,000 units. Cost to order the component is around $50. (a) What is the imputed holding cost per unit for this data? (b) If the actual annual holding cost per unit is only 5 cents, what lot size should be ordered? (c) How much more is the current two-bin approach costing the company annually, compared to the economic order quantity?You are trying to figure out how much inventory to keep. Your boss has said that your objective is to have a 95% chance of not running out while waiting for the order to come in. Your lead time is 5 days. The holding cost per unit is $4, the ordering cost is $60, the average demand per day is 40, with standard deviation of 20. Annual demand is 1000 units. What is your reorder point?
- Demand for an item is 1000 units per year. Each unit costs $20 and each order placed costs $10. Annual inventory holding costs are 10% of the item cost. In what quantities should the item be ordered?A restaurant uses 5,000 quart bottles of ketchup each year. The ketchup costs $3.00 per bottle and is served only in whole bottles because its taste quickly deteriorates. The restaurant figures that it costs $10.00 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes 3 weeks for an order to arrive. The restaurant operates 50 weeks per year. The restaurant would like to use an inventory system that minimizes inventory cost. The restaurant has figured that the most economical order size or EOQ is approx. 409 (rounding up the decimals). Suppose that things have become uncertain and that customer demand is no more constant. Customer demand is now normally distributed with mean being the same as given in the problem description and standard deviation = 30 units per week. The supply source is still very reliable and as a result the lead time is constant. Find out the safety stock needed to achieve 95% customer service level. O 55 65 075 85 None of…The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?