Evaluate optimal order quantity, Operation Management

Assignment Help:

(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.


Related Discussions:- Evaluate optimal order quantity

Explain humidity can be controlled, Company A uses an unstable chemical com...

Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the c

What is lead time, (a.)    Give an example (with justification) of a produc...

(a.)    Give an example (with justification) of a product for which EOQ ordering is more sensible (i.e., more economical) than JIT ordering. (b.)  What is lead time ?  What wou

Explain the legal environment of hrm includes eeo, The Legal environment of...

The Legal environment of HRM includes EEO, Affirmative Action, and Americans with Disabilities Act. Discuss each explaining significance.

Explain competitors seem strongest against google, Goggle's Strategy 2010: ...

Goggle's Strategy 2010: Which of the five competitors seem strongest against Google? Weakness? What is your assessment of overall industry attractiveness?

Explain the pros and cons of the theory, Explain the McGregor's Theory x-y,...

Explain the McGregor's Theory x-y, the pros and cons of the theory

Explain attacking personal computers to instill fear, 1. In _______________...

1. In ________________, the court ruled that: 1) a search is not unreasonable if items sought are not in the possession of the suspected criminal, and 2) the search should not inte

Explain strategic and budgetary decisions, Identify and discuss factors tha...

Identify and discuss factors that can increase the size and complexity of the information system structure (beyond those discussed in the text). •Make at least three recommendation

Describe modern healthcare systems, Discuss the Chaos Theory (Be sure to re...

Discuss the Chaos Theory (Be sure to read the lectures concerning this theory, as well as go through the additional links) in relation to the health care system today. In addition,

Define mathematics tends to lull the unsuspecting, C.W. Churchman once said...

C.W. Churchman once said that "mathematics tends to lull the unsuspecting into believing that he who thinks elaborately thinks well." Do you think that the best QA models are the o

Describe what is a learning organization, What is a learning organization a...

What is a learning organization and how do you develop one

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd