User Account

All Pages

How frequently should order for rivets

Assignment Help Operation Management
Reference no: EM131359310

A company uses rivets at a rate of 5,000 kg per year, rivets costing Rs.2 per kg. It costs Rs.20 to place an order and the carrying cost of inventory is 10 % per annum. How frequently should order for rivets be placed and how much?

Reference no: EM131359310

Questions Cloud

Determine the optimum cost : The cost of carrying inventory is estimated at 15 % per year of the purchase cost. Find the lot-size that will minimize the cost of the system. Also determine the optimum cost.
Explain five common ways that a total rewards strategy : Five common ways that a total rewards strategy can go astray are listed in the chapter. Address each of these potential problems with a recommendation that will overcome that situation and a strategy that could have prevented it in the first place..
What impact has the group had locally and globally over time : POLS101- What impact has the group had locally, nationally, and globally over time? Provide specific examples in your presentation. What types of changes is the group currently trying to make in public policy?
Obtain the ratio of starting torque to the full-load torque : The full-load slip of a squirrel-cage induction motor is 0.06, and the starting current is five times the full-load current.
How frequently should order for rivets : A company uses rivets at a rate of 5,000 kg per year, rivets costing Rs.2 per kg. It costs Rs.20 to place an order and the carrying cost of inventory is 10 % per annum. How frequently should order for rivets be placed and how much?
What are main responsibilities of representative and senator : POLS101- What are the main responsibilities of representatives and senators? What are the main responsibilities of the president?
Engine manufacturer purchases lubricants : What should be the order quantity per order, if the cost per placement of an order is Rs.16 and inventory carrying charge per rupee per year is 20 paise.
What categories of data are difficult or impossible to find : List at least FOUR sources you will use to obtain information about the firm's strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are readily available on the Internet. What categories of..
Find the forward and backward gap power : Assume that the rotor ohmic losses are 35.26 W. Find the forward and backward gap power and the values of Rf and Rh. Assume a four-pole machine.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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