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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?
What is Cube per order index policy, and state any real life application to this warehouse policy.
Marketing channels are just as important to an organization as pricing and product decisions. •Identify and describe three primary types of channel partners. •Provide an example of
Chart the five performance objectives to show the differing expectations of club members and casual flyers and compare these with the actual service delivered.
What is Espirit de Corps? The principle of management which emphasizes the requirement for teamwork among employees is termed as Espirit de Corps.
Consider the everyday task of getting to work on time or arriving at your first class on time in the morning. Draw a fishbone chart showing reasons why you might arrive late in the
Three ways in which the restaurant can engage in socially responsive activities in the commununity within which it operates
Task time estimates for a production line setup project at Robert Klassen's Ontario factory are as follows: Immediate Activity Time (in hours) Predecessors A 6.0 - B 7.2 __ C
Scenario You have been recently appointed as a crisis manager for a large shared centre located in New York. The main reason for you to be present as a manager is a very high
The following work sampling data was collected from observing a retail assistant: Activity Number of observations Attending to
Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what w
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