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MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
8th Edition
ISBN: 9781337274876
Author: Cliff Ragsdale
Publisher: Cengage Learning US
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Chapter 5, Problem 4.2C
Summary Introduction
Case summary:
Person HL is the VP of purchasing of consumer electronics division of Company M. The company recently introduced a new video camcorder that has taken over the market. Person HL is finding it difficult to keep up with the distributor’s orders of the camcorder. The major distributors are in City PH, City DR, City BE, and City HN. Company M has contracts with companies in Country HK, Country KA, and Country SE. Company M also has a standing contract with a shipping company to transport the products from the suppliers to the ports in City SF and City SD.
To implement: A spreadsheet model for the given problem and solve it.
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Students have asked these similar questions
The Bright Company wants to figure out the best way to ship their new product,
Flying Widgets, from their factories through their warehouses to their retail outlets.
They would like to set up a Transhipment table so they can use POM to find the least
cost shipping routes. They have hired you to set up the Transhipment table based on
the information below. You will be paid handsomely if you can come up with the
correct table.
Shipping Costs
Shipping Costs
01
02
03
04
Wi
W2
W3
W1
4.
2
F1
4
W2
4
F2
4
2
W3
4.
3.
4.
Also, Flying Widgets can be shipped from Factory 1 to Factory 2 for $3 per unit.
Factory 1 can produce 300 units and factory 2 can produce 100 units.
Outlet 1 demand is 50 units, Outlet 2 is 150 units, Outlet 3 is 100 units, and
Outlet 4 is 100 units.
Supply chain management (SCM) is a critical component of organizational management that focuses on the efficient coordination of the flow of goods, services, and information from raw material suppliers to end customers. Effective supply chain management involves the strategic planning and execution of processes to optimize the procurement, production, and distribution of products or services. Key aspects of SCM include supplier relationship management, inventory management, logistics, and demand forecasting. By streamlining supply chain processes, organizations can minimize costs, improve operational efficiency, and enhance customer satisfaction. Additionally, SCM plays a vital role in risk management by identifying potential disruptions and implementing contingency plans to mitigate their impact. In today's globalized and interconnected marketplace, effective supply chain management is essential for maintaining competitiveness and resilience. How can organizations leverage technology…
Supply chain management is a critical function within organizations that involves the coordination of activities related to the sourcing, procurement, production, and distnbution of goods and services. Effective supply chain management aims to optimize the flow of materials, information, and finances across the entire supply chain network, from suppliers to end customers. Key components of supply chain management include strategic sourcing, which involves selecting the right suppliers based on factors such as quality, cost, and reliability, inventory management, which seeks to minimize carrying costs while ensuring product availability, and logistics management, which focuses on the efficient transportation and storage of goods. Additionally, supply chain managers must collaborate closely with internal departments as well as external partners to mitigate risks, manage disruptions, and continuously improve the performance of the supply chain. By adopting technologies such as data…
Chapter 5 Solutions
MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
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