Use differing inventory control models

Assignment Help Operation Management
Reference no: EM131133626

For the grocery delivery business addressed in Question 1, the grocery chains that you are planning to partner with use differing inventory control models. Company A utilizes the Just-in-Time (JIT) inventory control model and Company B uses an Economic Order Quantity model. In reviewing your business plan, the bank loan officer has noticed this. As the loan officer is not overly familiar with either model, a request has been made of you to provide a description of each model and an explanation of why partnering with these companies would or would not create a conflict within your operations. Provide a detailed analysis of the situation in your business model.

Reference no: EM131133626

Questions Cloud

What is the total annual inventory cost for the brakes : Best Bikes produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. What is the average inventory carrying/holding cost for the brakes? What is the tot..
Describe the situation if a single doctor is working : An administrator in a small suburban hospital is concerned with the waiting lines in the emergency room, which is always staffed by at least one doctor. Patients arrive on average at the rate of 14 per hour. THey are served on a first-come, first-ser..
Using the cannondale case evaluate each of porters : Using the Cannondale case evaluate each of porters five forces and then using deduction determine how Cannondale as well as a firm considering entry into the industry would manage each of the forces. Determine relevant aspects of each in the bicycle ..
Determine the effectiveness of these efficiency measures : Efficiency is a critical element both in terms of individuals and machinery in any business. Describe some efficiency measures that you would implement in your grocery delivery business. What are the analysis tools that you would utilize to determine..
Use differing inventory control models : The grocery chains that you are planning to partner with use differing inventory control models. Company A utilizes the Just-in-Time (JIT) inventory control model and Company B uses an Economic Order Quantity model. In reviewing your business plan, t..
What is average inventory carrying-holding cost for brakes : Best Bikes produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. What is the average inventory carrying/holding cost for the brakes?
About sewage contamination : According to the article posted on Moodle about sewage contamination on the Big Island of Hawaii, what was the minimum and maximum time it took for the sewage to reach the ocean?
The easiest-the most tempting : "The easiest, the most tempting, and the least creative response to conflict within an organization is to pretend it does not exist." Lyle E. Schaller Respond to the quote above. Do you agree or disagree? How could you have handled the situation more..
What are the ethical implications of federal minimum wage : What are the ethical implications of federal minimum wage? Who does it help and who does it harm? Does raising the current level of the minimum wage increase unemployment, drive business away, or harm the very poor? Will a higher minimum wage raise t..

Reviews

Write a Review

Operation Management Questions & Answers

  Explain forecasting technique or multiple techniques

Identify which forecasting technique or multiple techniques should be used in the future for the company's strategy. Are there other techniques available that are not listed above

  Organizations seek opportunities for innovation

Prepare a brief summary listing and defining at least 4 reasons why entrepreneurial organizations seek opportunities for innovation.

  How many units should be ordered

Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6 days. At the time of review there are 50 units in stock. If 98 percent service probability is desired, how many units ..

  Why is wireless networking becoming so widely

Why is wireless networking (Wi-Fi) becoming so widely used in both companies and households? What value can it add to a business? Please provide a specific example.

  Service operations often face more difficulty in planning

Service operations often face more difficulty in planning than their manufacturing counterparts. However, service does have certain advantages that manufacturing often does not. Explain service planning difficulty, and the advantages and disadvant..

  How do leaders deal with conflict

How do leaders deal with conflict? From your personal experience, share a brief summary of a conflict situation and discuss how the leader (you or someone else) dealt with it. Did the leader display a particular style of conflict management? Was t..

  Determine theoretical number of workstations

An insurance company uses accompanying tasks to process paperwork. Forty claims need to be processed in an eight-hour day. Determine theoretical number of workstations.

  How can the county apply data analytic approaches

A county government must reduce spending it wishes to eliminate incremental budgeting and align budget allocations with each of its unit's strategic business objectives. how can the county apply data analytic approaches to attain this goal?

  Why would an organization create such a policy or practice

List three human resources management (HRM) policies or practices that have ethical implications and require greater consideration. One example is employee monitoring (e.g., whether employees are wasting time surfing the Internet on company time).

  Discuss the statement that to manage effectively

Discuss the statement that to manage effectively, a person must have the authority to hire subordinates, assign them to specific jobs, and reward them on the basis of performance. Interview the chairperson of an academic department and determine w..

  What are advantages and disadvantages of paying tree planter

what are the advantages and disadvantages of paying tree planters on a piece-rate system? on a flat-rate system.

  Discussion of opportunism with guile fit into hooker account

Hooker argues in Chapter 7 that corruption takes different characteristic forms in rules-based as compared to relationship-based cultures. How does Williamson's discussion of "opportunism with guile" fit into Hooker's account?

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