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A retailer sells handmade teak folding deck chairs at an average rate of 2 per week. The lead time from the craftsman is 8 weeks. a) What is the average demand during the replenishment lead time? If we set the base stock level equal to average lead time demand, what will be the fill rate? b) Suppose that the standard deviation of demand during the lead time is equal to the square root of average lead time demand. What base stock is needed to achieve a fill rate of 95 percent? What is the reorder point for this base-stock policy? c) If we left ROP at the level in part b) but ordered chairs in batches of 2, would the fill rate increase or decrease? Why?
Assume that the hamburger patties cost $3 a pound. What is the inventory turnover for the hamburger patties? On average, how many days of supply are on hand?
"Organization-Wide Adoption of Computerized Provider Order Entry Systems: A Study Based on Diffusion of Innovations Theory" in this week's Learning Resources. Consider how Roger's diffusion of innovation theory impacted the adoption of the informa..
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics.
Ben would like to use an inventory system which minimizes inventory cost also will satisfy 95 percent of his customers who order this wine. Illustrate what is economic order quantity for Ben to order.
the various roles of managers and individuals in the change process. Include an examination of the two types of change agents as well as and a manager's role in combating resistance and championing change.
Give two examples (other than Toyota) of companies that use the Lean or JIT philosophies and cite the sources from which you learned about their Lean or JIT efforts.
What are the motivations for an organization to have a good supply chain management (SCM) system? Define SCM in your own words, and list the major types of SCM software. List the four drivers of SCM and how they impact the system’s responsiveness.
Imagine you volunteer for church where they distribute free food for homeless people. Identify a central problem you may notice during the volunteering Please identify 8 elements or factors that contribute to this problem. Write a short paragraph on ..
The owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $4,500,000. The average inventory in dollars was $500,000.
The foreman estimates which the value of the work actually finished is about $162, 000. Illustrate what are the spending also schedule variances for the project. Illustrate what are the SPI also CPI.
Leadership in the Public Policy Making Process
Choose a firm that sells their products through more than one channel of distribution. Identify the firm and products you have selected to discuss. There are many ways a firm could distribute its products. Different kinds of firms approach the manage..
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