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Another profitable facet of CKG Auto’s business is supplying parts for auto repairs. The most critical component of the parts supply business is having enough of the right parts on hand so that repair shops can receive same-day delivery. The key to profits is minimizing the number of parts that need to be warehoused while also ensuring that sufficient parts are on hand to meet orders. Because each warehouse distribution center serves a different set of customers with different needs, each center must be considered separately. Distribution centers have a five-day lead time for ordering parts. The lead time must be taken into consideration when determining target inventory levels. The costs involved in warehousing the parts include the working capital tied up in the inventory (the cost of each part) as well as the space to store the part. These costs can be substantial. On the other hand, alternative “generic” parts are often available from rival suppliers, and keeping the auto repair centers supplied and customers satisfied is critical. One of the most problematic items to supply and store are bearings. This part is both high volume and relatively large, taking up considerable warehousing space. A bearing is also relatively expensive. Analyzing bearing needs is a good place for CKG to start, specifically in one of its largest distribution centers such as Central New Jersey, which serves 10 major customers. You have been asked to analyze the bearing inventory level requirements for this center, including simulating demand based on 30-day historical extremes, calculating a target inventory level based on this simulation, and then comparing simulated values to actual values from the past five days from the targeted warehouse.
Outline a financial plan for your small business. Develop a guerrilla marketing strategy for your small business.
Why is it necessary to regularly evaluate business strategy?
The housekeeping department of a motel uses approximately 200 washcloths per day. The actual number tends to vary with the number of guests on any given night. what is the minimum number of washcloths that must be on hand at reorder time?
Think of a leader you admire. What traits does this person have? Are they consistent with the traits discussed in this chapter? If not, why is this person effective despite the presence of different traits
Rewrite each of the following sentences as precise, informative claims, by removing any extraneous material and replacing any buzz words, politispeak, and ambiguous terms with meaningful terms. “Methodically, coldly, the salty wind scratched relentle..
Most of us are aware of the term “purpose statement” but are unsure of its real meaning within an organization. It is a statement describing the organization’s purpose, or the reason for its existence.
What suggestions might you make for each company/product/service at this point in time?
As an operation Supervisor volunteer in Laguna Village Owner's Association, Discuss how you would handle a situation in which an employee had a hygiene issue?
In chapter four, the author identifies ways that sprawl hurts cities. In your opinion, which of the ways identified by the author do you believe is the most harmful and why? Also, which of the following sociological perspectives best supports your an..
A proposal of two to four strategies for maintaining or improving the brand or public image in a relationship with the LA Dodgers organization's primary, second
Analyze various operational data from the Phone4U manufacturing plant and use the results of your analysis to make and justify a decision on which phone
Power tactics are what people use with different power bases. Research has identified nine distinct influence or power tactics.
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