Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A company stocks a component that costs $10 per unit. Annual usage of this item is expected to be 2184 units. The firm is open for business 52 weeks per year, so weekly demand is 42 units per week, with a standard deviation of 10 units. The firm's cost accountants have estimated that it costs $30 every time an order is placed for more components, and that carrying the item in inventory costs about $12 per unit per year. Past experience with their supplier indicates that the time from ordering more items to receipt of the shipment of those items is 21 days (assume that they are open 7 days per week.)
a. What quantity should be ordered each time? (Assume that the EOQ assumptions apply.)
b. What is the minimum total annual cost (ordering + holding + purchase) for managing this inventory item?
c. If the company decided that their JIT program required frequent small orders and deliveries (assume that this would mean ordering a quantity of 18 units every three days, instead of the EOQ quantity on a less frequent basis), and the costs remain the same as described above, how much higher would the total annual cost be for this item?
d. If a 95% service level is required, what reorder point should be used?
Viperteck created a tactical flashlight combined with stun gun for personal use. The Viperteck team used which factors to determine their marketing mix?
Sally, the manager of a clothing company needs to forecast the demand for an expensive type of cloth. Sue collected the demand data for the past eight months in 1000s of yards (see table below). All your answers should be in 1000s of yards as well. N..
Discuss how social media and the Internet can present opportunities, risks, and ethical issues for marketers.
One of the challenges in the Canadian workplace is managing diversity. Managers must address the differences among diverse groups of people. Describe what is meant by diversity in the workplace and then explain how organizations of today must manage ..
Consider the everyday task of getting to work on time or arriving at your first class on time in the morning.
What types of information might be obtained from this source? Review lead users. Are they especially important in user-oriented ideation?
i which production process term best describes the situation when activities in a stage of production must stop because
Doris Washington recently assumed her new position as HR Director at the XYZ Company, a software development firm with approximately 350 employees.
Janet johnson, an African American woman, has been working at the Tennessee Hydroelectric Plant for 15 years. During that time, her performance reviews have been exemplary. List the elements of disparate treatment and apply them to the case. Can Jane..
Marketing: Falsification of Data Myron is a research analyst for a large market research firm. He has been asked by his superior to rewrite his report so that it is more positive to the client. This would entail reworking the statistics to coincide w..
Discuss the eight steps in the grievance process. Explain each step in detail and apply the steps to an aviation claim you find from your workplace or one on the internet.
Describe some of the causes for the need to change in organizations. How would a new training program help facilitate change?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd