What is rfm model and rfm analysis explain with the complete model chart.
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What is rfm model and rfm analysis
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- What is the rfm model. explain the rfm model with complete model chart diagramWhat distinguishes smooth and layered VES models?A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor. Step 1 : Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.
- A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order 4 Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor.a) Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.b) It is time to review the item. On-hand inventory is 40 mixers; receipt of 440mixers is scheduled, and no backorders exist. How much should bereordered?c) What is the target inventory level, T?d) What is the total annual cost of the P system?N5 Managing quality & statistical process control is component of strategic OM decesions which requires decesions that considers facility capacity and production demand. true or false?Business Intelligence and Analytics Q : List down the steps in building and using a risk analysis model
- E FA/IBM536/FEB2022 S Final Assessment Test Declaratic • Download file iLovePDF ocs.google.com/forms/d/e/1FA/PQLSCUK7M_XQAbSDhnv-0qsBCBvKgmkwb0Q1||3Vx4wkihZP6TOA/formResponse This is a required question A company with a(n) parent company to guide the strategic decisions. * predisposition allows the values and interests of the Polycentric Geocentric Ethnocentric Regiocentric None of the aboveDiscuss the tools and techniques for quality planning stated by PMBOK (2013:235)A summary of total charges from a small café's natural gas bills is provided below: Month KJ Cost October 14 $187 November 17 187 December 30 230 January 35 264 February 33 270 20 200 March Using regression analysis, the expected cost at 40 kJ would be a. $296 b. $285 c. $102 d. $162
- A regional distributor purchases discontinued appliances from various suppliers and then sells themon demand to retailers in the region. The distributor operates 5 days per week, 52 weeks per year. Onlywhen it is open for business can orders be received. The following data are estimated for a counter-topmixer:Average daily demand 1d2 = 100 mixersStandard deviation of daily demand 1sd2 = 30 mixersLead time 1L2 = 3 daysHolding cost 1H2 = $9.40>unit>yearOrdering cost 1S2 = $35>orderCycle@service level = 92 percentThe distributor uses a continuous review Q system.a. What order quantity Q, and reorder point, R, should be used?b. What is the total annual cost of the system?c. If on-hand inventory is 40 units, one open order for 440 mixers is pending, and no backorders exist,should a new order be placed?A regional distributor purchases discontinued appliances from various suppliers and then sells them on demand to retailers in the region. The distributor operates 5 days per week, 52 weeks per year. Only when it is open for business can orders be received. The following data are estimated for a counter-top mixer: Average daily demand 1d2 = 100 mixers Standard deviation of daily demand 1sd2 = 30 mixers Lead time 1L2 = 3 days Holding cost 1H2 = $9.40>unit>year Ordering cost 1S2 = $35>order Cycle@service level = 92 percent The distributor uses a continuous review Q system. a. What order quantity Q, and reorder point, R, should be used? b. What is the total annual cost of the system? c. If on-hand inventory is 40 units, one open order for 440 mixers is pending, and no backorders exist, should a new order be placed?Explain how Cp and Cpk relate and how they differ?