Orders important materials from supplier

Assignment Help Operation Management
Reference no: EM132146430

You manage a process that orders important materials from a supplier. You have to decide how much to order from the supplier. You order the same amount every time when it comes time to order. Important data are below: You use 281,141 units per year of this material. Your supplier charges you 1,473 per order for shipping and handling, no matter how much you order. Each unit you order costs 1,377 Your unit has no other projects you could invest in, so your only other option for using your budgeted money is to keep it in a bank account that earns 0.016 interest per year. How much should you order each time you submit an order?

Reference no: EM132146430

Questions Cloud

Who are the top three competitors of caterpillar : Who are the top three competitors of Caterpillar, and what are their advantages/disadvantages with respect to their competitive product/service strategies?
Perform a single-take video using a smart device or webcam : State the uses of emerging technologies within key industry contexts - Explain the concepts of software development within key industries
What store did you visit : Describe the situation. What store did you visit? What time of the day was it? Approximately how many shoppers were in the store? How many were in the cereal.
Stage of selecting the optimal supplier : During this stage of selecting the optimal supplier, a buyer will compile a list of all possible suppliers or at least a reasonable number of potential supplier
Orders important materials from supplier : You manage a process that orders important materials from a supplier. How much should you order each time you submit an order?
How many units of the office plus would need to be sold : How many units of the Office Plus would need to be sold to justify its addition to the product line next year?
Explain why riders receive these ads so positively : Based on the principles of attention the chapter presents, explain why riders receive these ads so positively. Be sure to consider the possible stimulus.
When cultural bias has inhibited you from communicating : Describe a time when cultural bias has inhibited you from communicating.
Alaska airlines-navigating change : After reviewing the Harvard Case Study titled "Alaska Airlines: Navigating Change"

Reviews

Write a Review

Operation Management Questions & Answers

  Global collaboration strategy is working

How would you monitor individual and team activity to ensure that your global collaboration strategy is working? Discuss three important factors contributing to successful 360G performance appraisals. How might Vietnam compare to China as a place to ..

  Comprehensive model for diagnosing organization systems

Use the “Comprehensive Model for Diagnosing Organization Systems.” Note that there are three levels of organizational analysis: Individual, Group, and Organization. Also note the five Design Components at the Individual Level.

  Material requirements plan

1. A master production schedule is expressed in terms of

  Interviewing process as conducted at many small businesses

What do you think are the most serious weaknesses in the interviewing process as conducted at many small businesses? How could these be remedied? Are on-line testing and games to screen potential candidates fair in your estimation? Why or why not?

  How many units should be ordered every time

A) How many units should be ordered every time?

  About the cost of quality

Although a balanced score card is probably the way to go, most companies don't seem to have a clue about the more fundamental aspects of quality, such as the cost of quality. So let's start here. Just what do we mean when we talk about the cost of qu..

  How many bikes does schwinn sell in this category

What opportunities and threats does the Schwinn company face? how many bikes does Schwinn sell in this category?

  Entrepreneurship within an innovative environment

Comment on the role of Entrepreneurship within an innovative environment

  Be sure to show your total cost calculations

Patty paints pink houses for a living. Patty's demand for pink paint is 5 gallons per week. Be sure to show your total cost calculations.

  Attempted to pass on low-cost pressure of retail consumers

Nike is the world's largest athletic brand. while many retailers have attempted to pass on the low-cost pressure of retail consumers.

  Maintenance supervisor at large petroleum refinery in texas

Jack is a maintenance supervisor at a large petroleum refinery in Texas. His friend, Ronald, who works at another refinery in Louisiana, informs Jack about a vacancy for a maintenance manager's position at the Louisiana refinery and asks him to apply..

  Role played by stereotyping in assigning people to category

Explain the role played by stereotyping in assigning people to each category. Finally, to what extent do you yourself tend to succumb to these generalizations?

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!

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