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Modern Furniture Stores sells modern coffee tables. The expected demand for next months is 500 coffee tables. Tables are handmade in Seattle. The cost of ordering a set of tables is $500. In addition the average cost of storing a coffee table is $150. The time between placing an order and receiving it at the store is 5 days. Finally daily standard deviation for the demand is estimated as 0.5 tables per day. a. Find the reordering point. b. What would be the safety stock required for a 95% customer service level? c. What would be the yearly cost of carrying the safety stock during the year? d. What would be the new reorder point? The manufacturer offers the following purchasing options: Units Price 0-99 1,000 100-299 950 300-499 900 500-999 850 1000+ 800 a. Find the order quantity that minimizes total cost. b. Find the new total inventory cost (include safety stock). c. Find the new inventory turnover. d. Find the new inventory cycle.
Steel co has received an order for exactly 125 tons of steel. Steel co wishes to minimize cost for filling order. Explain how many tons from each Alloy should be in order.
Illustrate what steps/actions would an organization take to decide whether the transportation activity has the appropriate internal competencies to achieve competitive advantage.
The concept of competitive advantage is as important for a nonprofits organization as it is for profit organizations.' Do you agree or disagree with this statement. Explain, utilizing examples to make your case.
We were introduced to the concept of a "learning" organization. In your own words, illustrate what does that term mean. Explain how does a firm's design and structure impact its ability to be a learning organization.
"Metal window boxes are manufactured in 2 process steps: stamping and assembly. Each window box is made of 3 pieces: base A and 2 sides Bs. Illustrate what's capacity at stamping.
The shop has enough brewing capacity to brew 30 gallons of these 2 coffee blends every day. The manager wants to know Explain how many cups of every blend to sell every day in order to maximize sales.
Braneast Airlines must decide explain how many airplanes should serve the Boston-New York-Washington air corridor and which flights to fly.
Pretentious the problem can be found also corrected, illustrate what impact do you think this would have on the capability of the process
Describe the relationship between different types of software also the type of machine with which they are compatible. Post the completed PowerPoint to the Assignment Section within the Classroom.
Describe how should we define "fair" compensation. Elucidate what tests/procedures would you recommend to an organization to determine whether the ways in which they compensate employees is "fair".
What is corporate governance? need help with this part - What role does corporate governance play in strategic planning? Why is it important?
Any equipment which is in need of repair or replacement is removed for off-site service (or replacement) prior to the next day. Illustrate what Principles of Operations Management are supported by this policy.
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