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A company makes standard-specification bicycles. The indicative order book for the next 3 months is a forecast of 640 cars broken down as follows:
The company employs 20 full-time people who can each produce 9 cars a month at the cost of $500 per car. Inventory carrying costs are $50 per car per month and stockout costs are $590 per car per month. If the company has an inventory of 10 cars at the end of December, develop the following plans and select the least expensive. Highlight any assumptions you make in your calculations.
Please indicate a brief interpretation of your work in not more than 300 words
What is the minimum number of trauma bays necessary to meet this requirement? (Assume that the time spent in the trauma bay cannot be changed from the original mean of 2.0 hours.)
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Quantity Discounts The UWM Bookstore orders Panther t-shirts from a supplier. The demand for these t-shirts is 7,396 per year. There is a $20 charge for placing an order and the cost per t-shirt to hold it in inventory for the year is $2.50. What is ..
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The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way - Inventory management in manufacturing organizations.
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