The ways through which tech tools improve the process of site selection. Introduction: Site selection can be considered as important factor in a wide range of organizations, including retail, administration, discount, and assembling. Site selection shows the act of new office area, both for business and government. Site determination includes estimating the necessities of another venture against the benefits of prospective areas. For some private companies, business area is a basic part in its possible achievement or failure.

Question

The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00

Answer 1

Question

Chapter 8.6, Problem 1RQ

Summary Introduction

To determine: The ways through which tech tools improve the process of site selection.

Introduction:

Site selection can be considered as important factor in a wide range of organizations, including retail, administration, discount, and assembling. Site selection shows the act of new office area, both for business and government. Site determination includes estimating the necessities of another venture against the benefits of prospective areas. For some private companies, business area is a basic part in its possible achievement or failure.

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The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00

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I need to forecast using a 3-Period-Moving-Average-Monthly forecasting model which I did but then I need to use my forecast numbers to generate a Master Production Schedule (MPS) I have to Start with actual sales (my own test data numbers) for August-2022 Oct-2022 i need to create MPS to supply demand starting November-2022 April 2023 I just added numbers without applying formulas to the mps on the right side of the spreadsheet because I do not know how to do it. The second image is the example of what it should look like. Thank You.