An inventory control manager has just discovered

Assignment Help Operation Management
Reference no: EM131669596

An inventory control manager has just discovered that the variation in demand during the lead time has increased by 30% for an independent demand item. If the item is managed with a continuous, fixed order quantity system (Q system, with the following data, how should the reorder point be changed? EOQ = X. Average Demand during the lead time = Z Current reorder point = Y units.

Reference no: EM131669596

Questions Cloud

Structural factors are any type of equipment : Structural factors are any type of equipment or processes that assists organization members in the performance of their jobs.
Opportunities for growth and development : What is Non-work challenge stressors are non-work related stressors that are opportunities for growth and development?
Nixon administration on social and economic issues : What were the major policies of the Nixon administration on social and economic issues?
Against the inevitable tendency to shortcut the procedure : How would you argue against the inevitable tendency to shortcut the procedure?
An inventory control manager has just discovered : An inventory control manager has just discovered that the variation in demand during the lead time has increased by 30% for an independent demand item.
The fundamental financial and budgeting responsibilities : Analyze the fundamental financial and budgeting responsibilities of a group practice manager.
How power affects your ability to negotiate : Consider your own sources of power and how power affects your ability to negotiate.
Disadvantages of striving for diversity in an organization : What are the advantages and disadvantages of striving for diversity in an organization?
Changing environments affect uncertainty : How do the characteristics of changing environments affect uncertainty?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd