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Retailers Warehouse (RW) is an independent supplier of household items to department stores. RW attempts to stock enough items for a 90 percent service probability. A stainless steel knife set is one item it stocks. Demand (2,700 sets per year) is relatively stable over the entire year. Whenever new stock is ordered, a buyer must assure that numbers are correct for stock on hand and then phone in a new order. The total cost involved to place an order is about $12. RW figures that holding inventory in stock and paying for interest on borrowed capital, insurance, and so on, add up to about $3 holding cost per unit per year. Analysis of the past data shows that the standard deviation of demand from retailers is about four units per day for a 365-day year. Lead time to get the order is seven days. What is the reorder point?
Green Title Company is analyzing its operations in an effort to improve performance. The company closes on 8 titles per day, with an industry standard of 10 titles per day for a comparable facility. Determine process velocity, labor utilization, and..
Beth, an employer, wants to hire someone for a strenuous job that requires a great deal of training, which will take place over the course of several years. The applicant who appears most qualified is 58 years old; however, Beth is concerned that the..
What is meant by the term "Inspecting Quality into a Product"? If you can't inspect quality into a product, how do you get Quality into a product? Consider some of your recent purchases and explain why you bought "that" brand or "that" product. Does ..
Discuss the steps involved in the training design process. Think of a training course you have experienced. Describe the training, and give examples of how you think the design process was used throughout the training.
Conduct a SWOT analysis (7) Make sound recommendations regarding the situation (8) Create/list the initial workable strategies that you will implement
Explain e-commerce security. What are the four key aspects of information security? What can a multinational do to ensure security of its e-commerce system?
Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analysis of that idea).
7 weedandfeed corporation retails chemicals for homes.nbsp one of weedandfeeds best selling pesticides is
Calculate the financial ratios (show your calculations) for the company using Yahoo!®Finance to locate its two most recent annual financial statements. Be careful not to use quarterly information. Include the ratios for both years.
The two main issues to consider when choosing the legal structure for a new business would be the amount of personal liability and the tax effects connected to the structure. Discuss the issues one must consider when choosing a legal form of business..
Determine the approximate length of a production run, in days. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
Currently, Manning has one parts coordinator. On average, each mechanic waits 4 minutes before the parts coordinator is available to answer questions or retrieve parts from inventory. Find Lq, W, and L for this single-channel parts operation..
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