Theimportance of matching supply and demand Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

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Answer 1

Question

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

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IM.82 A distributor of industrial equipment purchases specialized compressors for use in air conditioners. The regular price is $50, however, the manufacturer of this compressor offers quantity discounts per the following discount schedule: Option Plan Quantity Discount A 1 - 299 0% B 300 - 1,199 0.50% C 1,200+ 1.50% The distributor pays $56 each time it places an order with the manufacturer. Holding costs are negligible (none) but they do earn 10% annual interest on all cash balances (meaning there will be a financial opportunity cost when they put cash into inventory). Annual demand is expected to be 10,750 units. When there is no quantity discount (Option Plan A, the first row of the schedule listed above), what is the adjusted order quantity? (Display your answer to the nearest whole number.) 491 Based on your answer to the previous question, and based on the annual demand as stated above, what will be the annual ordering costs? (Display your answer to the…

Answer 2

Question

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

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Answer 3

Question

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

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Answer 4

Question

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

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Answer 5

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

Answer 6

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

Answer 7

Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

Answer 8

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

Answer 9

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 1.6 - Prob. 1RQ Ch. 1.6 - Prob. 2RQ Ch. 1.6 - Prob. 3RQ Ch. 1.9 - There is a huge demand in the United States and...Ch. 1.10 - Prob. 1OTQ Ch. 1.10 - Prob. 2OTQ Ch. 1.10 - Prob. 3OTQ Ch. 1 - Prob. 1DRQ Ch. 1 - Prob. 2DRQ Ch. 1 - Prob. 3DRQ

Solution Summary: The author explains that supply and demand are the most important concepts to satisfy the customers. Effective management of supply chain would reduce the transportation cost.

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Chapter 1 Solutions