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Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $1 per pound per week because space is very scarce. It costs the firm $8 to prepare an order. Assume Groundz is open 52 weeks per year, and closed on Mondays. a) How many pounds should Groundz order at a time? (8) b) What is the total annual cost of managing this item? ($416 or $3744) c) The lead time for orders to arrive is 1.5 (work) weeks. If the standard deviation of weekly demand is 1.2 pounds, and Groundz wishes to achieve at least a 98% customer satisfaction level, what is the reorder point? (9.03) d) Groundz has been contacted by a new supplier who is offering to sell the same tea for $12 per pound. In return, Groundz can place orders only once a month. Inventory and ordering costs would remain the same. Is it more cost-effective for Groundz to switch suppliers? Should Groundz switch? (new total cost $3042.67, switch)
Common stocks issued by Henry Harmon Builders paid stockholders $0.93 per share on an average price of $18.80 last year. The company expects to grow the dividend rate at a maximum
In a hard copy favourable response message in which a subject line is not used, necessary identification information is best placed.
Explain how are Liker's casual, intervening and end result variables useful in discussing and thinking about effectiveness.
who can produce an average of 30 also 50 devices of 1st also 2nd types per day. Workers receive $10 per day also machine also overhead cost is $120 also $100 per day respectively. a. Compute Labour, material, machine also overhead productivity.
You are to plan production for a four-month period: February through May. For February and March, you should produce to the exact demand forecast.
This activity requires you to write down a Research Paper on the subject of your choice in Technology and Innovation Management.
Discuss the use of language in a written report. Consider word choice, sentence structure, writing style and other writing components
Name various methods for integrating interdependent work units, implement two of them and, name the pros and cons of these methods.
The local convenience store makes bread. Currently, their oven can produce 50 pieces of bread per hour. It has a fiixed cost of $2,000, and a variable cost of $0.25 per bread.
Planning is an important aspect of management. It is important for organizations to plan both strategically and operationally to succeed. The process of budgeting also entails a planning element and is often incorporated into strategic and operationa..
Were all of the issues Wal-Mart now faces already evident in the 2003 case study?
Computed the forecasting error using the exponential smoothing technique. Computed the forecasting error using the weighted smoothing average method.
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