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(a) Supply chain management is the integration of the activities that procure materials and services, transform them into intermediate goods and the final product, and deliver them to customers. The key to a successful supply chain structure and operation depends upon a customer/supplier relationship based on partnership principles. Critically discuss the importance for companies to develop a supply chain strategy.
(b) Leal Communication Ltd stocks and sells Toshiba note-book. It costs the store $400 each time it places an order with the manufacturer. The annual cost of carrying the note-book in inventory is $150. The store manager estimates that the annual demand for such note-book will be 1200 units.
(i) Explain why organisations hold inventory.
(ii) Evaluate optimal order quantity and total annual inventory costs.
Plot these samples on the control charts and circle any observations that appear to be out of control. mean (micronsa)(n=4) minimum maximum 4.134 4.011 4.612 3.913 3.891 4.474 4.58
When is it ok to forgo economic profit in order to increase social returns?
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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
QUESTION (a) Give the definition of a team as well as elaborate on the purpose of having teams in the organisation. (b) Explain the different processes that take place in a
The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year are as follows: Week Actual # of Patients 1 65 2 62 3 70 4 48 5 63 6 52
Q. Explain about the managing inventory. Managing inventory (stock): Retailers buy stock or inventory and sell that to customers; that manufacturers buy raw material and ele
Examine foreign procedures dealing with global trade
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