OPERATIONS MANAGEMENT
2nd Edition
ISBN: 9781260238877
Author: CACHON
Publisher: RENT MCG
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Chapter 11, Problem 7CQ
Summary Introduction
To characterize: The given decision has tactical or strategic.
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15 What to purchase and when to purchase are strategic supply chain decisions.
Select one:
a. False
b. True
9. XYZ has developed the following data from its
Material A
Safety stock
Average (normally) daily use
Maximum daily use
Minimum daily use
ЕOQ
Cost of placing an order
Working days per year
280
200
240
180
1,000
P20
250 days
Lead time
6 days
What is the cost of carrying an inventory per unit
per year?
10. XYZ has developed the following data from its
Material A
Safety stock
Average (normally) daily use
Maximum daily use
Minimum daily use
EOQ
Cost of placing an order
Working days per year
280
200
240
180
1,000
P20
250 days
Lead time
6 days
What is the average inventory?
Explain in basic context how a safety stock is calculated using the customer service level?
Chapter 11 Solutions
OPERATIONS MANAGEMENT
Ch. 11 - Prob. 1CQCh. 11 - Prob. 2CQCh. 11 - Prob. 3CQCh. 11 - Prob. 4CQCh. 11 - Prob. 5CQCh. 11 - Prob. 6CQCh. 11 - Prob. 7CQCh. 11 - Prob. 8CQCh. 11 - Prob. 9CQCh. 11 - Prob. 10CQ
Ch. 11 - Prob. 11CQCh. 11 - Prob. 12CQCh. 11 - Prob. 13CQCh. 11 - Over time, consumers have less of a need for a...Ch. 11 - For 10 percent of the products in a category, a...Ch. 11 - Prob. 2PACh. 11 - Prob. 3PACh. 11 - Prob. 4PACh. 11 - Prob. 5PACh. 11 - Anvils Works requires, on average, 2800 tons of...Ch. 11 - Prob. 7PACh. 11 - Prob. 8PACh. 11 - Prob. 1CCh. 11 - Prob. 2CCh. 11 - Rob Honeycutt created Timbuk2 to offer consumers...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Explain the following in respect of the Inventory: a) Characteristics b) Needarrow_forward1. Which of the following costs do not come under inventory carrying cost calculation? a) Investment in a software for updating stock position online b) Investment in stores space c) Salaries of procurement personnel d) Cost of maintaining the inventory stocks 2. Which of the following will have lesser bullwhip effect in a supply chain? a) Supply Chain co-ordination b) Opening more stocking points closer to the point of consumption c) Empowering the lower echelons of the inventory to take decisions on fulfilling the demand d) All of the above 3. What is the effect of delayed differentiation strategy? a) The number of variants offered will be reduced b) The inventory carrying costs will come down c) Production Planning and Control will become more difficult d) Bullwhip effect will be more pronouncedarrow_forwardHow would these factors affect an EOQ analysis?(1) The use of just-in-time procedures.arrow_forward
- Jean-Ma rie Bourjolly's restau rant has the followinginventory items that it orders on a weekly basis: a) Which is the most expensive item, using annual dollar volume?b) Which are C items?c) What is the annual dollar volume for all 20 items?arrow_forwardB15. The restaurant uses 24 bottles of wine to operate and it has 3 bottles in hand. Calculate the Desired Ending Inventory (DEl) if the number of days in the delivery period is 2 and the safety factor is 10%. Using the Periodic Order Method, calculate the number of bottles that the restaurant should order.arrow_forwardQ1) Bullwhip effect can lead to stock shortages due to lack of proper information. Select one: a. True b. False Q2) The ability to track the location of the order is known as supplier visibility. Select one: a. False b. Truearrow_forward
- Subject: Logistic management Q): What are the concern of inventory control & overall objective of inventory management? Q): What are the system of inventory counting?arrow_forwardDiscuss what EOQ is and why is it a useful tool for managers in operations?arrow_forwardInventory and supply chain management concepts (6) When is it appropriate to use an Economic-Order-Quantity (EOQ) to determine an inventory order quantity? Multiple Choice O O When product has short lifecycle and it is very expensive to buy. When product is perishable and there is cost of holding inventory. When product has long life cycle and there is fixed cost of ordering. When product's demand is uncertain and there is a known cost of under-stocking.arrow_forward
- Do the following: Inventory • What kind of inventory will you keep: raw materials, supplies, finished goods? • Average value in stock (i.e., what is your inventory investment)? • Rate of turnover and how this compares to the industry averages? • Seasonal buildups? • Lead-time for ordering? Details in the photo attachedarrow_forward2arrow_forwardWhat is quality and safety stock in simple words, and examples of it?arrow_forward
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