OPERATIONS MANAGEMENT CONNECT AC
14th Edition
ISBN: 9781264592784
Author: Stevenson
Publisher: MCG
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Chapter 12, Problem 12DRQ
Describe briefly the A-B-C approach to inventory control.
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Chapter 12 Solutions
OPERATIONS MANAGEMENT CONNECT AC
Ch. 12.3 - Prob. 1RQCh. 12 - What are the primary reasons for holding...Ch. 12 - What are the requirements for effective inventory...Ch. 12 - Briefly describe each of the costs associated with...Ch. 12 - What potential benefits and risks do RFID tags...Ch. 12 - Prob. 5DRQCh. 12 - Prob. 6DRQCh. 12 - a. List the major assumptions of the EOQ model. b....Ch. 12 - Explain briefly how a higher carrying cost can...Ch. 12 - What is safety stock, and what is its purpose?
Ch. 12 - Prob. 10DRQCh. 12 - What is meant by the term service level? Generally...Ch. 12 - Describe briefly the A-B-C approach to inventory...Ch. 12 - The purchasing agent for a company that assembles...Ch. 12 - Explain how a decrease in setup time can lead to a...Ch. 12 - What is the single-period model, and under what...Ch. 12 - Can the optimal stocking level in the...Ch. 12 - Prob. 17DRQCh. 12 - What trade-offs are involved in each of these...Ch. 12 - Who needs to be involved in inventory decisions...Ch. 12 - How has technology aided inventory management? How...Ch. 12 - To be competitive, many fast-food chains began to...Ch. 12 - As a supermarket manager, how would you go about...Ch. 12 - Sam is at the post office to mail a package. After...Ch. 12 - Give two examples of unethical conduct involving...Ch. 12 - Prob. 1PCh. 12 - a. The following table contains figures on the...Ch. 12 - A bakery buys flours in 25-pound bags. The bakery...Ch. 12 - A large law firm uses an average of 40 boxes of...Ch. 12 - Garden Variety Flower Shop uses 750 clay pots a...Ch. 12 - A produce distributor uses 800 packing crates a...Ch. 12 - A manager receives a forecast for next year....Ch. 12 - A food processor uses approximately 27,000 glass...Ch. 12 - The Friendly Sausage Factory (FSF) can produce hot...Ch. 12 - A chemical firm produces sodium bisulfate in...Ch. 12 - A company is about to begin production of a new...Ch. 12 - Prob. 12PCh. 12 - A mail-order house uses 18,000 boxes a year....Ch. 12 - A jewelry firm buys semiprecious stones to make...Ch. 12 - A manufacturer of exercise equipment purchases the...Ch. 12 - A company will begin stocking remote control...Ch. 12 - A manager just received a new price list from a...Ch. 12 - A newspaper publisher uses roughly 800 feet of...Ch. 12 - Given this information: Expected demand during...Ch. 12 - Given this information: Lead-time demand = 600...Ch. 12 - Demand for walnut fudge ice cream at the Sweet...Ch. 12 - The injection molding department of a company uses...Ch. 12 - A company uses 85 circuit boards a day in a...Ch. 12 - One item a computer store sells is supplied by a...Ch. 12 - The manager of a car wash received a revised price...Ch. 12 - A small copy center uses five 500-sheet boxes of...Ch. 12 - Ned's Natural Foods sells unshelled peanuts by the...Ch. 12 - Regional Supermarket is open 360 days per year....Ch. 12 - A service station uses 1,200 cases of oil a year....Ch. 12 - Caring Hospital's dispensary reorders doses of a...Ch. 12 - A drugstore uses fixed-order cycles for many of...Ch. 12 - Prob. 32PCh. 12 - Prob. 33PCh. 12 - Demand for jelly doughnuts on Saturdays at Don's...Ch. 12 - A public utility intends to buy a turbine as part...Ch. 12 - Skinner's Fish Market buys fresh Boston bluefish...Ch. 12 - A small grocery store sells fresh produce, which...Ch. 12 - Demand for devil's food whipped-cream layer cake...Ch. 12 - Prob. 39PCh. 12 - Demand for rug-cleaning machines at Clyde's...Ch. 12 - A manager is going to purchase new processing...Ch. 12 - A Las Vegas supermarket bakery must decide how...Ch. 12 - Offwego Airlines has a daily flight from Chicago...Ch. 12 - UPD Manufacturing produces a range of health care...Ch. 12 - Prob. 1.2CQCh. 12 - Prob. 2.1CQCh. 12 - SARAH LUBBERS AND CHRIS RUSCHE, GRAND VALLEY STATE...Ch. 12 - SARAH LUBBERS AND CHRIS RUSCHE, GRAND VALLEY STATE...Ch. 12 - Prob. 3.3CQCh. 12 - SARAH LUBBERS AND CHRIS RUSCHE, GRAND VALLEY STATE...Ch. 12 - Prob. 3.5CQCh. 12 - Prob. 1OTQCh. 12 - Prob. 2OTQCh. 12 - Prob. 3OTQCh. 12 - Prob. 4OTQ
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- At Quick Car Wash, the wash process is advertised to take less than 6 minutes. Consequently, management has set a target average of 330 seconds for the wash process. Suppose the average range for a sample of 7 cars is 10 seconds. Use the accompanying table to establish control limits for sample means and ranges for the car wash process. Click the icon to view the table of factors for calculating three-sigma limits for the x-chart and R-chart. The UCLR equals seconds and the LCLR equals seconds. (Enter your responses rounded to two decimal places.)arrow_forwardIf Jeremy who is the VP for the operations, proceeds with their existing prototype (which is option a), the firm can then expect sales to be 120,000 units at $550 each. And with a probability of 0.52 and a 0.48 probability of 65,000 at $550. we However, he uses his value analysis team (option b), the firm expects sales of 75,000 units at $770, with a probability of 0.78 and a 0.22 probability of 65,000 units at $770. Value engineering, at a cost of $100,000, is only used in option b. Which option for this has the highest expected monetary value (EMV)? The EMV for option a is $? The EMV for option b is $? Which has the highest expected monetary value. A or B?arrow_forwardPart 1 of 2 Jim's Outfitters, Inc., makes custom western shirts. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or decorations, wrong dimensions, and uneven stitches. Jim randomly examined 10 shirts, with the following results shown to the right. Shirt Defects 1 7 2 1 4 13 3 10 2 8 5 9 10 8 7 a. Assuming that 10 observations are adequate for these purposes, determine the three-sigma control limits for defects per shirt. The UCLC equals and the LCL equals (Enter your responses rounded to two decimal places. If your answer for LCL is negative, enter this value as 0.)arrow_forward
- Management at Webster Chemical Company is concerned as to whether caulking tubes are being properly capped. If a significant proportion of the tubes are not being sealed, Webster is placing its customers in a messy situation. Tubes are packaged in large boxes of 144. Several boxes are inspected, and the following numbers of leaking tubes are found: Sample Tubes Sample Tubes Sample Tubes 1 7 8 7 15 7 2 7 9 8 16 9 3 6 10 7 17 3 4 4 11 1 18 7 5 8 12 8 19 7 6 7 2 9 13 14 1 20 6 7 Total 121 Calculate p-chart three-sigma control limits to assess whether the capping process is in statistical control. The UCLp equals and the LCLp equals (Enter your responses rounded to three decimal places. If your answer for LCLp is negative, enter this value as 0.)arrow_forwardAspen Plastics produces plastic bottles to customer order. The quality inspector randomly selects four bottles from the bottle machine and measures the outside diameter of the bottle neck, a critical quality dimension that determines whether the bottle cap will fit properly. The dimensions (in.) from the last six samples are Bottle Sample 1 2 3 4 1 0.624 0.586 0.602 0.591 2 0.613 0.599 0.578 0.618 3 0.606 0.585 0.587 0.623 4 0.581 0.623 0.571 0.610 5 0.609 0.610 0.623 0.617 6 0.605 0.573 0.570 0.602 Click the icon to view the table of factors for calculating three-sigma limits for the x-chart and R-chart. Suppose that the specification for the bottle neck diameter is 0.600 ± 0.050 in. and the population standard deviation is 0.014 in. a. What is the process capability index? The Cpk is (Enter your response rounded to two decimal places.)arrow_forwardHow would you handle the Apple 'batterygate' scandal as an operations manager? What quality measures would you take to fix the problem and prevent it from happening again? When would you implement these measures and communicate with the stakeholders?arrow_forward
- Perosnal Thoughts about the articlearrow_forwardRevenue retrieval for Brew Mini= $ round response to two decimal places What would be the best design alternative? Brew master or brew miniarrow_forwardThe revenue retrieval for PG Glass design is ?. Enter response as a whole number). The revenue retrieval for Glass Unlimited design is ? (enter your response as a whole number). What is The best design alternative? Glass unlimited or PG Glass?arrow_forward
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