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Given the following historical data on two alternative suppliers of a critical material your company requires, which of the two suppliers (supplier 1 or supplier 2) will minimize your required safety stock? Show and describe your analysis.
Base your analysis on the supplied data and assume “all else is equal” between the two suppliers. In other words, cost per unit, quality, TCO, etc. do not need to be considered. Do not concern yourself with any other issues or data other than that which is given below.
For any given period, your company’s goal is to have required materials available in inventory 99.9% of the time.
Your mean requirement (demand) per day: 700 units.
Standard deviation of your daily requirement: 65 units.
Supplier 1
Mean lead-time: 7 days
Standard deviation of lead-time: 1 day
Supplier 2
Mean lead-time: 5 days
Standard deviation of lead-time: 2 days
Atherton Foods is assessing the economic worthiness of entering a new market. Market research has determined that they could expect to sell 10,000 pallets of their canned corn in the new market. What is the break-even point in pallets of corn in this..
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Target sells CDs, clothes, office supplies, shoes, food and so on, which of the following best represent the type of assortment the store carries?
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You described the importance of the 5C's and of these, customer focus as one that is very important to a company. However, the customer is not always the end user,
Explore how managers can determine what level of standardization is appropriate in the ethical standards of a multinational enterprise. Using bullet points and clip-art graphics, design a presentation you could share with co-workers that addresses th..
Solve the following LP using Simplex method. At each pivoting operation increase the nonbasic variable with the largest reduced cost coefficient from zero. The nonbasic variable you choose is also said to enter the basis.
A painter is considering using a new high-tech paint roller. Yesterday he was able to paint 2 walls in 50 minutes using his old method. Today he painted 1 wall of the same size in 25 minutes. Is the painter more productive using the new paint roller?..
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