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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.
Soft Change Initiatives - Linking Strategic 1. Team working/investors in people (IIP) 2. Empowerment - understanding the value chain and the 'cycle' of failure 3. The l
How does a product life cycle differ from a product life cycle?
A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300
What do you understand by “line balancing
Value: 10.00 points Problem 3-4 An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 16 18 14 17 18 Predict
Give examples of a pair of companies in an industry that pursue different types of business models? Explain the business models and how they differ. EXAMPLE. First come first serve
The table details the task required for an industry to manufacture a fully portable vacuum cleaner. The times are in minutes. Demand forecasted a need to manufacture in a cycle of
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Analyze the different approaches to innovation discussed in this chapter to determine which approach you think would be the greatest value to the greatest number of organizations.
K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
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