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You need to buy raw materials for your production process. You use 2,000 units of the raw material each year. The supplier quotes you a price of $9.50 per unit for an order size of 499 units or less, a price of $9 per unit for orders of 500 to 1499 units, and a price of $8.50 per unit for an order of 1,500 or more units. You assign an annual holding cost of 30 percent of the price of the unit to this inventory. Assume ordering cost is $60/order. What order quantity would you use if the objective is to minimize total annual costs of holding, ordering, and purchasing (be sure to identity total costs of 3 options)?
In this lesson we cover team stages. Discuss in your opinion what is the most important stage (forming, storming, norming, performing) and why you believe so?
Define organizational behavior and explain briefly importance of organizational behavior?
Identify at least three (3) elements of a strong company culture of trust and integrity.
use of taxpayer money to fund both therapeutic and reproductive cloning research of all animals including humans.
Which of the following can be considered a product decision? Determining the price of a product.
How do GE’s (General Electric) corporate strategic initiatives of clean-tech, health care, and globalization reinforce each other, or will they generate conflicts in the company? How might they reinforce each other, and why might they generate confli..
Why is it be necessary to eliminate office bullying? Is office bullying just a simple form of organizational conflict? Why or why not?
You are a factory manager in a small rural county in Georgia.You place a want ad for factory workers whose job it will be to unload boxes from trucks. In the ad, you indicate that a high school diploma is required.In that particular county, the high ..
How is it different as opposed to outsourcing and licensing cases?
Compare and contrast the training requirements in the Hazard Communication Standard (HAZCOM) (1910.1200) and the Lead Standard (1910.1025). If an employee is exposed to lead above the action level, would the training specified in the HAZCOM standa..
American Credit Union is a regional financial institution that has been growing through acquisition in recent years. To lead this more complex business and guide the credit union to greater profitability, American has hired a new CEO. What are the ma..
Write a paper of 1,050 words, maximum, discussing strategic capacity planning also lean production for new process design also supply chain process for electric fans at riordan
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