Explain how many items need to be counted each day, Operation Management

Assignment Help:

Howard Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 10% of the items in inventory are A items, 35% are B items, and 55% are C items. She would like to setup a system in which all A items are counted monthly (every 20 days), all B items are counted quarterly (every 60 working days), and all C items are counted semi-annually (every 120 working days). Question: How many items need to be counted each day?


Related Discussions:- Explain how many items need to be counted each day

What are the disadvantages of lean production, What are the disadvantages o...

What are the disadvantages of lean production? Disadvantages of lean production are as illustrated below: • Incessant cost of investment within retraining displaced or reass

Explain the expected rate of return, Debt: Jones Industries borrows $6...

Debt: Jones Industries borrows $600,000 for 10 years with an annual payment of $100,000. What is the expected interest rate (cost of debt)? Internal common stock:

Why it is important for marketers know consumer behaviour, Why it is import...

Why it is important for marketers to fully understand today's consumer behaviour? Explain the factors that influence consumer's buying behaviour.

What is ethical leadership, Give an example of ethical leadership. What are...

Give an example of ethical leadership. What are the characteristics of ethical leadership? And why do you think ethical leadership is important.

Elements of human resource management, you are the head of Human Resource D...

you are the head of Human Resource Department.Your organization is going through an exspansion programme and there will definitelybe a need for a Genaral Manager in your organizati

Road Transport, After working for 30 years, Ramjee Somjee Dutt opted for VR...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Draw a p-chart based on the questionnaire results, You are the newly appoin...

You are the newly appointed assistant administrator at a local hospital, and your first project is to investigate the quality of the patient meals put out by the food-service depar

Explain upper control limit for an r-chart, Twenty samples of subgroup size...

Twenty samples of subgroup size 3 (n=3) were collected for a variable measurement. Determine the upper control limit (UCL) for an R-chart if the mean of the sample ranges equals

Consider a layout decision in an organisation, Consider a layout decision w...

Consider a layout decision which has been made in your own organisation. How was the layout devised? What were the key issues?

Explain decrease company profits and increases in wages, Labour relations g...

Labour relations goals for management include: Answer (1) increase company profits, and limit decreases in employee wages and benefits. (2) Decrease company profits, and limit incr

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