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Johnson Corporation has the following information about a product that carries in stock: Average demand 40 units per day Average lead time 15 days Item unit cost $ 55 for orders less than 400 units Item unit cost $ 50 for orders of 400 units or more Ordering cost $30 Inventory carrying cost 20% The business year is 300 days Standard deviation of demand 2.5 units Standard deviation of lead time 1.5 days Desired service level 97.5% a. What is the annual total acquisition cost of ordering at the $ 55 price? b. What is the annual total acquisition cost of ordering at the $ 50 price? c. What level of safety stock should Johnson maintain for the item? d. If Johnson chooses the ordering policy that results in the lowest total annual acquisition cost, and maintains the safety stock level for 97.5 percent service, what will Johnson’s average inventory be for this item? e. What will the annual inventory turnover rate be for this item? f. What will the reorder point be for the item?
Suppose a company had total assets of $10 million and gross sales of $1 million in 2013. The cost-of-goods-sold was $0.3 million and the administrative expenses totaled $0.2 million in the same year. Take the Profit before Taxes as the net income. Wh..
Focus on the goals and values of PROCTOR & GAMBLE 2005 to identify important strategic ethical issues or dilemmas. Analyze the firm's actions for instances of inconsistencies, or practices where the words in the mission, espoused values, or goals, do..
What is the big deal with plagiarism and what are your thoughts concerning this? What are some ways we can avoid plagiarism in our writing? What should the consequences be for students who plagiarize at the university level? Use one piece of research..
Although forces in the foreign environment are the same as those in the domestic environment, they operate differently. Why is this so?
You have recently started selling a few new products including customized CDs, customizable coffee presses, and coffee-of-the-month and tea-of-the-month programs. Each time you develop a new product you are forced to create an entire new system to tr..
In a manufacturing company, the calculation of cost of goods sold is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory. Direct materials become a cost of the finished goods manufacture..
Which of the following is the best statement about the operating environment in which operations management function?
Also calculate the overall return on investment of the project and then present a break-even analysis. At what point does breakeven occur?
Read how the company Palm "improved in bargaining power" when selling their company by creating a "bidding war" among several companies, including HP, Apple, Google, RIM and Nokia (Thompson, 2015, Ch.7, "Power: The Power of Alternatives", p.150). Why..
An investment offers $8,800 per year for 14 years, with the first payment occurring 1 year from now. Assume the required return is 12 percent. What is the value of the investment today? What would the value be if the payments occurred for 39 years? W..
Read Bank of America, N. A. v. Barr – Cheeseman text page 293-294 Respond to the three Case Questions found in Cheeseman Text page 294 Brief the facts of the case and assume your boss is seeking your opinions as noted in the Critical Legal Thinking, ..
Assignment and Discussion- What is your analysis of the process fruit operation at RP1. Draw a process flow diagram
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