Small manufacturer of electronics research equipment

Assignment Help Operation Management

Reference no: EM131033190

Lindsay Electronics; a small manufacturer of electronics research equipment has approximately 7,000 items in it's inventory, has hired Joan Paul to manage it's inventory. Joan has determined that 10% of the items in the inventory are a items, 35%-B items, and 55% are C items. She wants to set up a system in which all A items are counted monthly(every 20 working days), all B items are counted quarterly(every 60 working days), and C items semi-annually(every 120 working days). How many items need to be counted each day?

Reference no: EM131033190

Questions Cloud

The common stock and debt of northern sludge : The common stock and debt of Northern Sludge are valued at $60 million and $40 million, respectively. Investors currently require a return of 17.0% on the common stock and 7.0% on the debt. If Northern Sludge issues an additional $24 million of commo..

Assume the inventory turns are independent of the price : Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, each sold at the same price of $4. Assume that the cost of inventory for both companies is 30 percent a year. Approximately how much does McDonalds save in invento..

Determine the root causes of stock out of raw materials : Draw a fishbone diagram to determine the root causes of inventory sock out in a wholesale distribution environment. OR, if you work for a manufacturing firm, you can create the similar diagram to determine the root causes of stock out of raw material..

Received a wellness grant from the charitable arm : Metropolis Health System has received a wellness grant from the charitable arm of an area electronics company. The grant will run for twenty-four months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will ea..

Small manufacturer of electronics research equipment : Lindsay Electronics; a small manufacturer of electronics research equipment has approximately 7,000 items in it's inventory, has hired Joan Paul to manage it's inventory. Joan has determined that 10% of the items in the inventory are a items, 35%-B i..

More traits you would like to see in a mentor : In the book Pour Your Heart Into It, Schulz relied on several people for advice when he was following his dreams. Think about a time when you have given or received advice. Was it helpful? Was it not so good advice? Additionally, list two or more tra..

Banks engage in proprietary trading : Banks engage in proprietary trading as part of their operations. Briefly speculate on why they now must adhere to much more stringent trading activity as a result of the 2008-09 financial crises.

Evaluate costs and benefits associated with achieving ISO : Evaluate the costs and benefits associated with achieving ISO 9000/9001 certification status for a specific product- or service-based company.

User Account

All Pages