Dependent demand are important in inventory management

Assignment Help Operation Management
Reference no: EM131366716

The concepts of independent and dependent demand are important in inventory management, but sometimes they aren’t clearly distinguishable. Can you find the elements of dependency and independency in the following situations: selling snacks at a football game, producing bumpers for automobiles, and selling greeting cards at a shopping center? Pick ONE of the scenarios provided.

Reference no: EM131366716

Questions Cloud

Market dynamics of commodity : It is known that Cocoa bean prices respond with the market dynamics of a commodity (Sugar, Beef, Coffee, etc.); prices are determined by supply and demand. Given that barriers to entry in the cocoa market are low it often leads to oversupply or price..
Which would be located in two growing sub­urbs of community : At a recent strategic planning retreat of a 40 ­person multispecialty group, the administrator made a presentation that focused on the coming year’s plans to establish the organization’s first two primary care satel­lites, which would be located in t..
An initial assessment of the company under consideration : An initial assessment of the company under consideration A short list (five to ten sources) of potential research materials) An overview of the challenges you anticipate when completing this project The company is choose iBlockbuster, Netflix, and th..
Dependent demand are important in inventory management : The concepts of independent and dependent demand are important in inventory management, but sometimes they aren’t clearly distinguishable. Can you find the elements of dependency and independency in the following situations: selling snacks at a footb..
Disadvantages of this material planning method : In your own words, explain the concept of just-in-time or Kanban inventory replenishment. What are the major advantages and disadvantages of this material planning method?
Anesthesia services for patients undergoing surgery : Medical Center ABC is seeking a new group to provide anesthesia services for patients undergoing surgery at the medical center. It advertises in the American Journal of Anesthesia Groups and receives several proposals, including one from Anesthesia G..
What are some of potential problems global businesses face : What are some of the potential problems global businesses face when they outsource or subcontract their manufacturing work to companies in other countries? Why is this a good structure for JP Morgan Chase & Co? Create a Porters Five Forces analysis o..
What total quality management principles : If you were to start a business what Total Quality Management principles do you feel would be critical the success of your operations (Be specific!)? Could Just-In-Time inventory work for your business idea? Why of why not?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Discuss a decision made by an organization or person

Discuss a decision made by an organization or person that you feel was made in error and impacted by distortion or bias

  Deal with culture and international expansion

Find some business journal articles that deal with culture and international expansion. Find one that lists some hypotheses. What kinds of decisions might be assisted by the results of testing these hypotheses?

  The judy gray income tax service

The Judy Gray Income Tax Service is analyzing its customer service operations during the month prior to the April filing deadline. On the basis of past data it has been estimated that customers arrive according to a Poisson process with an average in..

  What is the current capacity-number of orders

What is the current capacity-number of orders that can be completed in one night? How much time will it take to complete an order? How much available time do you have each day? What is your time utilization based on the above?

  Choose to follow rather than lead technological innovations

Why would a company choose to follow rather than lead technological innovations? Is the potential advantage of technological leadership greater when innovations are occuring rapidly, or is it better in this case to follow?

  Hanging employment legislation posters in retreat

Tony, the new director of human resources, and Edna, the compensation and benefits manager, are hanging employment legislation posters in RETREAT, the TEAM FUN! employee cafeteria. Edna offers, “I remember some woman who applied for a job to advertis..

  Mpc system would require modifications to adapt

We have suggested that as changes take place in the world, the MPC system would require modifications to adapt. What changes can you see that will require changes in the MPC system?

  Agencies in ensuring product safety and quality

How have the CPSC and the FDA affected you as a consumer? Give at least three specific examples. In your opinion, how effective are these agencies in ensuring product safety and quality?

  Encountered in developing strategic sourcing plan.

Supply management question: Explain strategic issues encountered in developing a strategic sourcing plan. Discuss which stage(s) these issues could become problematic in.

  Discuss the three major steps in the writing process

Discuss the three major steps in the writing process. What are the benefits of planning your messages carefully, particularly longer and more complex messages? Having now planned your message, and assuming you have a choice, what criteria do you use ..

  Define departmental processes

Define departmental processes, enterprise processes, and inter-enterprise processes. Describe their characteristics.

  Brainstorming sessions and increased creativity

List the ten recommended agenda items for checkpoint meetings. Which 7 project areas and outcomes might benefit from brainstorming sessions and increased creativity?

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