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Joe Henry's machine shop uses 2530 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:
Annual demand 2530
Holding cost per bracket per year $1.55
Order cost per order$18.25
lead time 2 days
working days per year 250
What is the average inventory if the EOQ is used?
What would be the annual inventory holding cost?
Compute the productivity ratios for the old also the new production systems. You have to report to the Operations Manager on the impact to productivity of your new process. Elucidate what will you report.
The GAC company is considering the purchase of a special shipment of portable air conditioners manufacted in japan. each unit will cost 80 and it will be sold for 125.
Draw an organizational chart of the business school or college that you attend. Outline its major roles and functions. How differentiated is it? Do you think the distribution of authority and divisions of labor are appropriate?
Compare and contrast JIT and MRP. Explain your answer in detail.
what would point some possible conflicts among the key stakeholders interests and what steps would you recommend that he takes to best deal with them?
Propose process improvements, and justify your reasons, for the improvements, to the flowchart for answering calls.
Discuss why it is important to know the history, mission and culture of your company.
Suppose a British computer firm is acquiring a smaller competitor located in Frankfurt, Germany.
Each year firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance also cost of capital, amount to $5 per unit of average inventory. Illustrate what is annual cost for ordering item X.
Explain four of the various ways groups can make decisions. For each of your chosen methods, explain its advantages and disadvantages.
The McDougal Sandwich Shop has two windows available for serving customers, who arrive at a Poisson rate of 40/hr. Service time is exponentially distributed with a mean of 2 min.
How much could the firm save annually in ordering and carrying costs by using the EOQ
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