User Account

All Pages

Specific recommendations regarding the inventory systems

Assignment Help Operation Management
Reference no: EM132238253

Managers at a consumer product company, ABC General, are currently debating how to Set the most cost effective competitive customer service levels for a new brand EL SKIMOS. The Accounting manager has suggested 5 days of sales as safety stock. The Marketing manager has argued for 15 days, while the operations/manufacturing manager Seeks a compromise level of 10 days. The General Manager wants your specific Recommendation with justification and supporting quantitative analysis.

Here are some relevant information about EL-SKIMOS to help you in your analysis:

Average daily demand during lead time =15 units /day

Standard deviation of daily demand = 2 units

Average replenishment time =7 days

Standard deviation of replenishment time = 3 days

Typical order quantity = 100 units

What is your analysis of the inventory system at ABC. Include your estimates for average inventory, safety stock and reorder point)?

What are your specific recommendations regarding the inventory systems at ABC?

Reference no: EM132238253

Questions Cloud

What is meant by brand equity : What is a brand? What is a brand name? What is meant by brand equity?
Requirements quality assessment checks : Requirements quality assessment checks for. The best source to understand “as-is” legacy system is.
Payments for health conscious people at counselling center : The following is an example that demonstrates the rules of the payments for health conscious people at a counselling center.
Similarities of the prospective payment systems : Discuss the differences and similarities of the Prospective Payment Systems in Postacute Care MDS/RUG, MS-LTC-DRGS, and OASIS/HHRG.
Specific recommendations regarding the inventory systems : What are your specific recommendations regarding the inventory systems at ABC?
Total annual inventory cost including safety stock : What is the total annual inventory cost including safety stock? What is the economic order quantity?
Network diagram in which arrows designate activities : Activity -on-node (AON) is a network diagram in which arrows designate activities. AON is same as Activity-on-Arrow.
The product and end with layout and location : Based on the 10 Operation Decisions Table, we would begin with the product and end with layout and location.
Think the process was effective in hiring the right people : Do you think the process was effective in hiring the right people? What changes would you recommend to improve the process?

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