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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.
A quality characteristic has a design specification (in inches) of 0.200 +/- 0.020. If the actual process value of the quality characteristic exceeds 0.200 by the tolerance of 0.02
The U.S. State Department has some responsibility towards Importers and Exporters. What are these responsibilities?
Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis. Standard Modifi
Long term Capacity Expansion For the purpose of expansion of the long term capacity of the term the firm may decide to adapt and one more of the followings. 1.The firm may give
Pretend you are attending a college if you are not and answer the following questions. Putting together college classes for a given term is no mean problem in production scheduling
The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per cha
I-mart is a discount optical shop that can fill most prescription orders in around 1 hour. The management is analyzing the processes at the store. There currently is one person ass
Explain the relationship that exist between companies, profit motives, competition and private property.
SSME is an acronym standing for "Service Sector Management Economics."
Prob: The 21st Century Studios is about to begin the production of its most important (and most expensive) movie of the year accepted#
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