Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A garment store is selling a variety of garments. The purchase cost of the basic type of garment is $0.5 per sq. ft. and the fixed ordering cost is $80 per order. The demand for this type of garment is 25,000 sq. ft. per month. The annual inventory holding cost for the garment is 12% of the purchase cost. Assume that the garment store operates 30 days per month and 12 months per year on average.
a) Determine the economic order quantity. What is the corresponding time between placements of two consecutive orders with the economic order quantity? What is the total annual inventory cost on ordering and inventory holding (ordering cost + holding cost) with the economic order quantity?
b) If the order lead time is 5 days, what is the reorder point based on the level of on-hand inventory?
c) Suppose the supplier of the garment store requires that orders should be multiples of 1000 sq. ft., what should be the optimal order quantity? Please justify your answer. Compared with a), how much additional total annual inventory cost (ordering cost + holding cost) would the garment store incur in meeting this requirement?
Explain and compare job-based, knowledge-based and competency-based pay structures.
What is the trigger event that would cause this risk to impact the project?
A local bridal shop noticed that scores on their customer satisfaction survey were in steady decline.
There are four primary approaches to job design: mechanistic, biological, perceptual, and motivational.
The Olde Town Microbrewery makes Townside beer, which it bottles and sells in its adjoining restaurant and by the case. It costs $1,700 to set up, brew, and bottle a batch of the beer. The annual cost to store the beer in inventory is $1.25 per bottl..
Explain how types of legislation (eg Equal Employment Opportunity) can affect business operations and workplace relationships.
What exactly is the “Business Analytics Process (BAP)”? What are the key challenges of developing a secure supply chain for global trade?
Determining how many subordinates will report to each manager gives an organization its
What is the probability that an assembly will have exactly one defect?What is the probability that an assembly will have one or more defects?
You notice that some employees lack expected etiquette within group meetings and often interrupt, argue amongst one another and shoot down each other’s ideas.
The health department in poor community with major dental health care needs is invited by local fast food restaurant to be a partner on dental health project
Describe two methods that can be used to evaluate potential suppliers. What items are generally included in a request for proposal?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd