This is very important in fast-changing industries, such as the computer industry and thepharmaceutical industry; it is also responsible for developing new products and improving oldproducts.A. Purchasing ManagementOB. Operations ManagementC. Production ManagementOD. Research and Development

Research and Development is key in industries that change quickly, like the computer and…

Answered: This is very important in fast-changing…

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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X1=29000 X2=5 I need a step by step answer please (not on excel please)
Match the following OSCM job titles with the appropriate duties and responsibilities.Plant manager A. Plans and coordinates staff activities such as new product development and new facility location.Supply chain manager B. Oversees the movement of goods throughout the supply chain.Project manager C. Oversees the workforce and resources required to produce the i rm’s products.Business process D. Negotiates contracts with vendors and coordinates improvement analyst the l ow of material inputs to the production process. Logistics manager E. Applies the…
is the ability of the customer to track the order from placement to delivery: Select one: a. Order visibility b. Flexibility c. Response time d. Returnability
Which of the following statements is/are true:Statement 1: Supply chain management involves acquiring and bringing inside the company all of the processes that bring value to customers. Statement 2: A value chain consists of the major business functions that add value to the company's products and services. Statement 3: Enterprise Resource planning is a concept whereby organizations consider the needs of all stakeholders when making decisions. All of the statements are true Statement 2 only Statement 3 only Statement 1 only None of the statements is true
The process of acquiring materials, supplies,components, and parts from other firms isknown asa. acquisition.b. planning.c. purchasing.d. inventory requisition.e. materials requirements planning.
elean.squ.edu.om/mod/quiz/attempt.php?attempt3D17634218cmid%3D874822 QU E-LEARNING SYSTEM (ACADEMIC) nventory Management - Spring21 Time left 1:19:29 Quiz navigatic Question A company has 52 week per year operation. The weekly demand is for product it needs is 20 units and it costs OMR 2500 per unit to purchased. The cost of reordering is OMR 100 each order. The annual holding cost is OMR 500 per unit. Which economic order quantity policy, either round-up or round-down for inventory ordering to be used here to minimize total inventory cost per year? The correspondingorder quantity will be ot yet nswered larked out of Ammar Al H O a. 15 50 12214 O b. 21 Flag uestion c. 14 O d. 20 O e. None is correct Finish attem NEXT PAGE P Type here to search
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1) Which of the following translates business plan into productionplanningAPPMPSMRPNone of the Above2) Master production schedule is a medium-range planning and it isused for quantity and timing ofcomponents and raw materialFinished goodsBoth A & B3) The manufacturing strategy which deploys hiring and laying ofworkers in order to match its production rate to demand is calledLevel Production StrategyChase Production StartegyHybrid StrategyNone of the above4) "In a level production strategy, if the firm makes annual 120,00units per annum, the permonth production can be estimatted by""120,00 /12""120,00 / 365"The information is not complete5) The Bill of material is an engineering documments that showsinclusive listing and sub-components to be used for end productTRUEFALSE6) A lead capacity usually increases or decreases its capacity in anticipation of demand, this is known as "Match strategyLead Capacity StrategyLag capacity strategy7) The most important output of MRP isBOMPlanned…
spaces between figures) * Your answer There are 2 policies suggested by Procurement related to inventories. Policy A suggests: Order 150 units. ROP is 50 units and the time between placing and receiving an order is 10days. Policy B suggests: Order 200 units. ROP is 75 units and the time between placing and receiving an order is 15days.Order cost is P20.00 per order and the cost of keeping inventory is P 0.02 per day. Which policy do you think is the best for the company to adopt and what is the cost. Policy A Policy B How much is the cost of production planning A using chase demand? Write your

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This is very important in fast-changing industries, such as the computer industry and the pharmaceutical industry; it is also responsible for developing new products and improving old products. A. Purchasing Management OB. Operations Management C. Production Management OD. Research and Development