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A jewelry manufacturer buys semi-precious stones to make bracelets and rings. The supplier has quoted a price of $8 per stone for order quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for smaller order quantities. The jewelry manufacturer operates 200 days per year. Usage rate is 25 stones per day, and ordering cost is $48 per order. (LO3 & 4) a) If annual holding cost is 30 percent of unit cost, what is the optimal order quantity? b) If lead time is six workdays, at what inventory level should the company reorder?
An appliance manufacture has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for the motors is 120,000 units per year. The cost of each motor is $120. The motors are purchased in lots of 3,..
The warehouse manager thought a recent presentation on operations management was extremely valuable to the company. He now wants to shift the conversation to focus on his warehouse department. You told him a little about supply chain design and ho..
How does one Assess legal and ethical considerations that arise in relation to the marketing plan.
Baker Mfg. Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory.
List and discuss the three planning approaches that an organization has to adopt in the development of business/IT strategies, architectures, and applications?
Explain and create a work flow for the project of your choosing.
What were the chief elements of John Gaus' administrative ecology that Robertson drew upon to run Los Angeles Bureau of Street Services? Explain how these elements were critical to achieving his goals? Were there any elements of Arnstein's ladder of ..
According to the case study "Fed-Ex Corp: Structural Transformation through e-Business",
"Designing the Job" According to your textbook Nelson and Quick, (2015) Results Only Work Environment (ROWE) allows employees to work completely flexible schedules based on their ability to meet measurable goals. Employees are allowed to come and ..
Discuss two examples of quantitative skills and abilities which are applied in a business-related environment and apply various areas of management studies?
As an up-and-coming middle manager, you have been tasked with conducting a presentation on organizational integrity and social responsibility at an upcoming middle and senior management retreat. Knowing that you have just completed this course..
Consider the content of they relate to team management and managerial decision making.
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