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

Define the information security issues facing the government, Evaluate: Eva...

Evaluate: Evaluate the information security issues facing the government and identify its three biggest concerns. Application: Demonstrate how the government can use authentication

Explain the employers responsibility, Describe the employers responsibility...

Describe the employers responsibility, giving at least three examples. Be sure to use a credible academic/professional source and include the link in your summary.

How make training programs more cost effective, Write a one/two-¬page discu...

Write a one/two-¬page discussion of training program development costs discussing how companies may find ways to make training programs more cost effective.

Management Techniques, Exercise 2: Use of a Grid Analysis (Weighted Scoring...

Exercise 2: Use of a Grid Analysis (Weighted Scoring Model) to Help Make the North American Plant Location Decision for the RX 330

Computer intagration, impact of computer integration in operation managemen...

impact of computer integration in operation management

Find what is the maximum profit, The Outdoor Furniture Corporation manufact...

The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: labor and redwood. A linear pro

How do you explain queuing theory, How do you describe queuing theory? How ...

How do you describe queuing theory? How can you use queuing theory in your organization to improve process capability?

Find expected value for the add assembly line option, Howard Weiss, Inc., i...

Howard Weiss, Inc., is considering building a sensitive new airport scanning device. His managers believe that there is a probability of 0.40 that the ATR Co. will come out with a

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