You are running the supply chain for a grocery store operating across UpstateSouun Carolina. You operate a central warehouse and have multiple stores. For each of thefollowing situations determine if it would be best to operate inventory for the product that ispooled at your central warehouse or determined individually by each retail store. Provide atleast 1 sentence discussing your choice.(a) The demand for boxes of Nutty Bars at each store during a week is i.i.d. with meanu = 1000 and standard deviation o =Nutty Bars are high compared to holding costs for Nutty Bars.10. Transshipment costs between the stores for(b) The demand for Fudge Rounds at each store during a week is i.i.d. with mean u = 20075. Transhipment costs between the stores for Fudgeand standard deviation oRounds are relatively small compared to holding costs.

Inventory management helps in determining the amount of stock that should be ordered and time of…

Answered: You are running the supply chain for a…

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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Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this? Determine whether inventory records are accurate. Ensure accuracy of inventory records by reducing the amount by items order. Identify which products should be ordered from suppliers. Communicate to the customer when shipment will be sent.
SoundsUp, a local amphitheater is getting ready for the upcoming summer concert season. They want to purchase reusable plastic water bottles to sell to concert attendees. Bottles cannot be reused as they will be customized with that week's artist and date. The expectation for this upcoming concert is an average demand for 3000 bottles with a standard deviation of 600. The bottles sell for $20.00 each and cost SoundsUp $12 per bottle. In the event some bottles are left over after the concert, a local radio station has indicated that they will purchase some of the leftover bottles for $15 per bottle for use in promotions, but they have not committed to any particular number that they will buy. SoundsUp estimates a 5% chance that the radio station will purchase no bottles, a 10% chance they purchase 150, a 40% chance they purchase 175, a 30% chance they purchase 225, and a 15% chance they purchase 275. If SoundsUp has any leftover bottles that are not purchased by the radio station, then…
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Answer the given question with a proper explanation and step-by-step solution. An E-commerce firm has four regional fulfillment centers (warehouses). Weekly demand for an item (Product_A) at each warehouse is random and is normally distributed with a mean of 10,000 per week and a standard deviation of 2,000 units per week. Product_A’s unit cost is $10. The inventory holding cost of the company is 25% per year. Assume 50 weeks per year. Each replenishment order from the supplier of Product_A costs $1,000, which includes the costs associated with placing the order, transportation, receiving, inspection, and put-away labor expenses. The replenishment lead time from the supplier is 1 week. The company’s service level goal is 95% (probability of having sufficient inventory to meet demand). On average, how long does a unit of inventory spend in the warehouse before being sold? Hint: Think Little's Law 2.5 weeks 6.6 weeks 5.3 weeks 1.3 weeks
The total stockout cost = $ enter your response here. (Enter your response as a whole number.)
i need the answer quickly
Replenishment of Regular Stocks of Farmacia Romy & Fe The following are the details regarding the stocks on Paracetamol tab 500 mg of Farmacia Romy & Fe: (a) 150 tablets are sold daily (b) 4 boxes of 100s are on hand as stocks of the drugstore (c) Inventory is every 30 days What should be the Order Quantity for the Paracetamol product? 150 tablets 400 tablets 4,500 tablets 4,900 tablets 50 boxes None of the given choices How is the quantity to be ordered computed or determined? Order Quantity = Average Daily Movement x (X)Days + Regular Order Order Quantity = (Average daily off take x Inventory days ) – Stock-on-hand Order Quantity = (Average daily off take x Inventory days ) + Stock-on-hand Order Quantity = Average Daily Movement x (X)Days -- Regular Order None of the given choices
A wholesaler estimates that 5.6 times a year a dispensing centre flips its stock. What are the months of supply?
Echo Airplane buys and sells its products. One of them has the following demand forecasts for the next 5 months. data: month 1= 55 month 2= 85 month 3= 105 month 4= 120 month 5= 115 It costs $20 to place an order, the product cost is $2.00, and the monthly cost of holding inventory is 12.5%. Use the minimum unit cost (LUC) heuristic to determine the ordering sequence for following monthly demands a) Calculate the cost of the heuristic Please do fast ASAP
can you please help me answer this question.... Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable. Historical Cost Replacement Cost Product Quantity per unit per unit A 17 $430 $499 B 140 325 299 C 38 75 69
13 Pam’s demand for hats is normally distributed with mean 500 and standard deviation 100. She sells her hats for $50 each and buys hats for $10 each, and anything she can't sell by the end of the year, the wholesaler will buy for $5 each. How many hats should she order for next year to maximize profit?

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