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 the potential for a new shampoo package, Which type of research des...

Which type of research design - exploratory, descriptive, or casual - is appropriate for the following examples? Explain why? A hair-care manufacturer interviews wholesalers, retai

Explain dynamics of leadership, Part of the dynamics of leadership include ...

Part of the dynamics of leadership include dealing with innovation. Explain the 4 Ps of innovation. Give an example of a product that has gone through an innovative change. Which o

Process Planning, Process Planning In the design of processes there is...

Process Planning In the design of processes there is a certain similarity to the design of products, in that there is a hierarchy of design stages. At the top level, process

Explain implement each function of management, Can someone PLEASE help get ...

Can someone PLEASE help get me started... Theories of management originated in the early 1900's. They have influenced how we view management today. By Wednesday, February 20, 2013,

Explain a linear trend equation, Value: 15.00 points Problem 3-2 National S...

Value: 15.00 points Problem 3-2 National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000) Units Feb. 17 M

Why surprised by environmental changes, Why do you think many managers are ...

Why do you think many managers are surprised by environmental changes and hence are less able to help their organizations adapt?

Explain corresponding system attributes, Utilizing techniques of QFD, list ...

Utilizing techniques of QFD, list 3-5 stakeholder expectations and corresponding system attributes for a business laptop. Provide metrics for measuring these system attributes.

Explain lean relates to an organization being agile, a. Do you think lean r...

a. Do you think lean relates to an organization being agile? b. Would implementing lean into an organization lead to a competitive advantage? if yes, explain, how and what types

Explain charge of maintaining hospital supplies, Barbara Flynn is in charge...

Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60 (and was normally distribut

Explain service companies and activity-based costing, Which of the followin...

Which of the following statements regarding service companies and activity-based costing (ABC) is true?

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