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1.Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C items. Further, it uses a continuous review system for all SKUs classified as A items. The demand for a specific SKU, currently classified as an A item, has been dropping. You have been asked to evaluate the impact of moving the item from continuous review to periodic review. Assume your firm operates 52 weeks per year; the item's current characteristics are:
Demand (D) = 15,080 units/yearOrdering cost (S) = $125.00/orderHolding cost (H) = $3.00/unit/yearLead time (L) = 5 weeksCycle service level = 95 percentDemand is normally distributed, with a standard deviation of weekly demand of 64 units.
a. Calculate the item's EOQ.b. Use the EOQ to define the parameters of an appropriate continuous review and periodic review system for this item.c. Which system requires more safety stock and by how much?
Meeting the customer requirements (Oakland 2003) is a reasonable definition of quality and customer satisfaction means we can wrap up our projects more rapidly (Frame 2002, quoted in Reid 2013a)
Zara supply chain case study - Initial Shipment Decisions for New Products at Zara - What systematic and/or modeling approach would you use to approach the problem discussed in the case and what operational changes would you recommend
An important part of a project is to identify the key process input variables ( KPIV) and key process output variables ( KPOV). Suppose that you are the owner/ manager of a small business that provides mailboxes, copy services, and mailing services. ..
How does each of these concepts influence human behavior and what insights do these features provide about how to influence high-performance organizational behavior?
SUPPLY CHAIN MANAGEMENT
Providing two distinct options and arguing the benefits and costs of each. You are the Vice President for Transport of a medium-sized company.
How has Total Quality Management in your company or a well known company addressed associate training to eliminate failure?
Is there a best way to implement lean - Are all organisations suitable for lean implementation?
What other types of benefits do you feel the business would enjoy when freeing up this much production space through lean implementation?
Prepare a 2000 - 2500 word report analysing the issues in the case, and identify logistics management strategies to resolve the issues.
What is the optimal inventory policy under these conditions? How many Totalee toothbrushes should Robert order each time and how frequently? What is the total variable inventory cost per year with this policy?
1.Prescott Industries transports sand and stone extracted from its open pit mines located in Odessa and Bryan to its concrete block manufacturing facilities in Abilene, Tyler, and San Angelo.
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