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A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding cost is 18 cents per jar, and reordering cost is $60 per order. The company operates an average of 20 days a month. What monthly penalty is the company incurring by its present order size?
Connected Flow and Disconnected Flow System Such systems deliver very low unit costs, they are vulnerable; because of the absence of work-in-progress buffers, if one process f
When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? JIT and Lean MRP and PAC MRP and JIT
Select three top most critical risk regardless of progect size or scope. Justify your selection. Suggest strategies for the manager to address each type of risk selected.
Factors responsible for plant location choice - Availability of Raw Materials Areas where industrial raw materials are easily available obviously exert greater pull on locatio
Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping
Explain a formal or informal mutual agreement. - The mutual agreement may be as given below: (a) Union security. (b) Bonus, wages and other benefits. (c) Terms and con
1. Name three methods of system classification and typical examples. Answer: 1. Volume/variety; 2. customer interaction/labour intensity; 3. Boulding's classification.
An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs ar
The hunt is on: Rich's 13 year old daughter Alexandra is going to give him an introductory trombone concert later in the day, and he wants to purchase earplugs before then. Three s
Smucker's has multiple product lines. Explain how well they fit with each other. Please give sources.
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