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Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $50 per order. The cost schedule of 2 suppliers are as follows: VENDOR 1 VENDOR 2 QUANTITY PRICE/LB QUANTITY PRICE/LB 1-499 $17.00 1-399 $17.10 500-999 16.75 400-799 19.85 1000 + 16.50 800-1,199 16.60 1200 + 16.25. a) What is the economic order quantity for each supplier? b) What quantity should be ordered, and which supplier should be used? c) What is the total cost for the most economic order size? d) What factor(s) should be considered besides total cost?
Portfolio alignment helps an organization achieve its goals by A. Adopting highly similar project to insure against failure B. Including a complement of projects with differe
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Assume you are the CFO of ABC Corporation, a multi-state supplier of janitorial supplies. The CEO as just met with you and "suggested" your job might depend on your ability to hide
Examples of how companies use lean synchronization to reduce the environmental impact of their products
Which of the following is true? Process improvement is more efficiently undertaken within one organizational function. Process improvement does not affect traditional organiz
Imagine this is the only position of its kind in the organization. From this perspective, design a performance appraisal program to assess your job performance.
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