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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. Find the reorder point necessary to provide a 98% service probability.
Suppose the production manager is asked to reduce the safety stock of this item by 50%. If she does so, what will the new service probability be?Type your question here.
How can communication assist with change strategy and implementation? What should you communicate about a change? When should you communicate about a change.
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been estimated.
Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes. Calculate the EOQ and the total annual cost for this order quantity
Shoney Video Concepts produces a line of video streaming servers that are linked to personal computers for storing movies. These devices have very fast access and large storage capacity.
How would an analyst obtain data and determine the number of trips in:
What source screening activities are available to a supply manager for critical procurements? Describe each one.
It is essential that an organization has an appropriate value proposition. The firm cannot prepare a strategic plan until they have the value proposition developed
How important are the product design and the voice of the customer?
Explain how American express changed people' s perception of the card from that of the use of special occasions such as fine dining to one of everyday use and describe some of the brand extensions created by American Express
Madden Industries manufactures three models of a product in a single plant with two departments cutting and assembly. The company has estimated costs for each of the three product models the zip, the flash and the royal models.
How should foster position herself and her team prior to raising a follow-on fund?(New venture creation chapter 7 preparation question)
In the past few years, the traffic problems in Lynn McKell's hometown have gotten worse. Now, Broad Street is congested about half the time. The normal travel time to work for Lynn is only 15 minutes when Broad Street is used and there is no congesti..
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