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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
process flow and layout flows are at the core of lean manufacturing, do you agree or disagree?
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Build the management-research question hierarchy for penton media
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Ask question #What is meant by perpetual inventory system?Minimum 100 words accepted#
Define the use of regional trade organizations in international business. Identify the Regional Trade Organization of which the United States is a member. What are some of the adva
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It is important for students, as they progress through this program, to learn from those currently working in health care. For this assignment, students will interview a health car
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