Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using V and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $ (Enter your response as an integer.)
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- Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. D Annual Freight Costs Shipping Quantity (Q) Cost Supplier Sharps Winkler Price/Unit Annual Holding Lead Time (L) Annual Administrative 5,000 10,000 15,000 (P) Cost/Unit (H) $5,000 $3,300 $2,800 $3.80 $4,800 $3,200 $2,900 $3.70 (wks) 3 $0.76 $4,500 $0.74 4 $4,000 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using and a shipping quantity of ▼is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. Annual Freight Costs Shipping Quantity (Q) Price/Unit Annual Holding Lead Time (L) Annual Administrative Supplier Sharps Winkler 5,000 $5.200 $5.400 15,000 $3.500 $3.500 Cost/Unit (H) $0.76 $0.80 10,000 (p) $3.80 (wks) Cost $5,000 $4,000 $3.800 $3,800 $4.00 3 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using V and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. D i Annual Freight Costs Shipping Quantity (Q) (wks) Cost Supplier Sharps Winkler 5,000 $5,200 $5,400 Price/Unit Annual Holding Lead Time (L) Annual Administrative 10,000 15,000 (P) Cost/Unit (H) $3,600 $3,200 $3.70 $3.700 $3,400 $0.74 5 $4,000 $5,000 $3.90 $0.78 6 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)
- Horizon Cellular manufactures cell phones for exclusive use in its communication network. Management must select a circuit board supplier for a new phone soon to be introduced to the market. The annual requirements (D) are 40,000 units and Horizon's plant operates 250 days per year. The data for three suppliers are in the following table. Annual Freight Costs Shipping Quantity (Q) Price/Unit (p) $28 $30 $31 Annual Holding Cost/Unit (H) $5.60 Lead Time Annual 10.000 (L) (days) Supplier Abbott 20,000 Administrative Cost $7,500 $6,000 $9,000 $10.000 $9.000 $11.000 $10,000 $9.000 $11,000 $6.00 $6.20 Baker 9 Carpenter 7 Which supplier and shipping quantity will provide the lowest total cost for Horizon Cellular? Using V and a shipping quantity of V units is the lowest cost alternative, with annual total costs to Horizon Cellular of S. (Enter your response as an integer.)Explain the ABC inventory classification system and indicate it's pros?Horizon Cellular manufactures cell phones for exclusive use in its communication network. Management must select a circuit board supplier for a new phone soon to be introduced to the market. The annual requirements (D) are 40,000 units and Horizon's plant operates 250 days per year. The data for three suppliers are in the attached table. Annual Freight Costs Shipping Quantity (Q) Supplier 10,000 20,000 Price/Unit (p) Annual Holding Cost/Unit (H) Lead Time (L) (days) Annual Administrative Cost Material Costs Abbott $11,000 $8,500 $29 $5.80 4 $11,000 $232,000.00 Baker $12,000 $9,500 $31 $6.20 3 $12,000 $1,240,000 Carpenter $9,000 $7,000 $28 $5.60 8 $9,000 $1,120,000 Which supplier and shipping quantity will provide the lowest total cost for Horizon Cellular? Using the supplier [X] and a shipping quantity of [X] units is the lowest cost alternative, with annual total costs to Horizon Cellular of [X]. (Quantity and Annual Total Costs are integer…
- Describe the ABC inventory classification system and indicate its benefits?Motif is a Turkish electrotechnical company which operates a warehouse in Ankara. The company is currently considering the inventory control of a specialized electronic component in its warehouse. The annual demand for this component is 4000 units. The company applies a holding cost rate of 20% per year and its fixed order costs are 50€ (including transport costs). Over the past years, the company has followed different replenishment order policies. The replenishment order quantities applied so far as well as the associated annual holding costs and annual order costs are shown in the following Table REPLENISHMENT POLICY ORDERS PER YEAR ORDER ORDER QUANTITY ORDER COST (€) HOLDING COST (€) TOTAL COST (€) A 2 2000 100 2500 2600 B 4 1000 200 1250 1450 C 6 667 300 833 1133 Calculate the Economic Order Quantity and evaluate the minimum total yearly costs that the company might achieve and What is the % cost deviation from the…The Objectives of Supply Chain Management is to be cost effective In Inbound Transportation Cost In Outbound Transportation Cost Across the entire Chain Od. In Inventory Management
- Supply Chain Coordination problem Zamatia makes sunglass at a cost of $35 and sells them to UmbraVisage (UV) for $75. UV sells them for $115 and salvages left over inventory for $25 per unit. Demand is Normal with mean 250 and standard deviation 125. a. What should be the optimal ordering quantity for UV? b. What is the total supply chain profit (UV & Zamatia) given the ordering quantity computed in a? c. What should be the optimal ordering quantity to maximize the total supply chain profit (UV and Zamatia)?Explain what is ABC inventory classification system and indicate it's advantages?Zhou Bicycle Company Zhou Bicycle Company (ZBC), located in Seattle, is a whole- sale distributor of bicycles and bicycle parts. Formed in 1981 by University of Washington Professor Yong-Pin Zhou, the firm's primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order The company distributes a wide variety of bicycles. The most popular model, and the major source of revenue to the company, is the Air Wing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as 4 weeks from the time an order is placed. With the cost of com- munication, paperwork, and customs clearance included, ZBC estimates that each time an order is placed, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 60% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month ( 12% per year) of the purchase price paid by ZBC. The retail price…