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Questions
1. With the help of a graph, critically explain the inventory related costs in an organisation.
2. A local electrical retailer has a problem in managing his inventory due to low inventory turnover that is squeezing profit margins and causing cash flow problems. One of the top selling SKU (stock keeping unit) in the retail store is a coffee making machine. Sales are 5400 units per year and the supplier charges $60 per unit. The cost of placing an order with the supplier is $45. Annual holding costs are 25% of the coffee making machine's value, and the store operates 360 days per year. Lead-time is four days. The owner of the store chose a 300-unit lot size so that new orders could be placed less frequently.
a. Determine the EOQ.
b. How much total annual cost is saved if the EOQ quantity is ordered?
c. What is the optimal number of orders per year?
d. At what point, should the retailer reorder the coffee making machines from the supplier?
e. Calculate the flow rate and explain it.
Project Procurement Management ________. Describes the processes required to procure products, services, or results from outside the performing organization. Involves processes to ensure that the project procures products, services, or results at the..
Conduct a value chain analysis for McDonald's. What are its primary activities? What are its support activities? Identify the activities that add the most.
Explain how CSR is reflected in the Baldrige criteria related to your selected industry. Identify two (2) company's in your industry that have a CSR strategy
Each occupied room costs $24 per day to service and maintain. What should the hotel charge per day in order to maximize daily profit?
Which of the following accurately describes a Chase Strategy? Which of the following is not a cost relevant to aggregate production planning?
How would you define “entrepreneurship”?
1.Cooper River Glass Works (CRGW) produces four different models of desk lamps as shown in Figure. The operations manager knows that total monthly demand exceeds the capacity available for production.
Between the balance scored card and the SCOR supply chain operation preference models, which model do you think is the best suited to measure supply chain
Identify the firm's conflict management strategies. Recommend strategies, tools, etc. organization can use to improve or expand upon the supply chain in future.
What would you consider a sizable drop in the proportion of on-time deliveries? Select a minimal effect size that would be persuasive for the company
REAL TIME ANALYTICS - federation university - Write a description of the selected dataset and project, and its importance for the global leaders.
Discuss the appropriate distribution strategy which Tropic Industrials Ltd can implement to address the capacity constraints which the company is experiencing.
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