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

What lead to negative performance, Please explain in the detail the answer ...

Please explain in the detail the answer for the following scenario: You work for a small consulting firm and, like most companies; you are currently facing tight budget constraints

Describe approaches to communication as related to managers, Clampitt prese...

Clampitt presented a communication model for his first 2 approaches to communication as related to managers; Arrow & Circuit. What communication model best describes his Dance Appr

Production and Operation Management, What do you understand by “line balanc...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain cause organizations to redesign their products, What are some of th...

What are some of the factors that cause organizations to redesign their products or services?

Performance measurement and effectiveness of operations, Question: A ba...

Question: A bank has a section of its business which has two functions:- 1. answering credit control queries from customers both by telephone and in writing; 2. invest

Describe corruption and bribery, Corruption and bribery are common in some ...

Corruption and bribery are common in some countries. Would you simply avoid locating in such a country, or locate there and deal with it? If the latter, how would you deal with it?

Describe what was the labor productivity, Last week employees at Renee's Fa...

Last week employees at Renee's Fashions worked 360 hours to produce 128 garments. Of these, 8 were seconds which were sold at the outlet store for $90 each. The remaining 120 garme

Explain what is the role of information systems, What is the Role of Inform...

What is the Role of Information Systems in the Learning Organization?

Explain the probable destiny of lee peterson''s company, Consider this: Lee...

Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm. However, Lee has very little pe

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