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A catfish bait manufacturer uses a secret blend of ingredients to make their infamous bait. One of these ingredients, we'll call it X for proprietary reasons, is the major component in the mixture. X is ordered in 55 gallon barrels from out of state and is used at the rate of 800 barrels per year. Each order that is placed with the supplier costs $45 to process. Storage space is at a premium on the manufacturing floor and out in the yard, so their annual cost to hold inventory is $80 per barrel. The owner's brother-in-law provides transportation services and his record has been less than stellar, so lead time has averaged 6 days with a standard deviation of 3. Stopping the process would be disastrous, so the plant manager has set a 99% service level on the reorder point.
What is the best order quantity?
What is the total cost at this reorder point?
What is the reorder point?
What is the cost of holding this safety stock?
Discuss specific examples of how Christians can use the construct of “humanizing” to benefit society in their personal lives and in operations management in regards to employees?
Seaburg Construction Company, formed in 1950by James Seaburg, was initially engaged in residential construction in Mobile, Alabama.Later, Mr. Seaburg's business was expanded to include the construction of officebuildings and apartment complexes. In..
What do you thing might be the cause of the company losing more customers? What should be for the company to gain its reputation again? Do you thing lack of morale by the staff is contributing factor to the problems?
Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below for the production of chocolate bars. Assume 45-hour weeks and an hourly wage of $14. Overhead is 2.5 times the total weekly labor cost..
Highlight the most strategic issues, such as: reasons, trends, objectives, process, R&D, standardization, customization, design characteristics and implications, measurements, etc... based on the the iPad launched by Apple in 2010 as showed
The power bases used by the leader. The influence tactics used by the leader. The leadership style of the leader. The outcome (or potential outcome) of the situation. Conclude by justifying whether or not you think this leader supports the values of ..
Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs.
A product is currently made in a job shop, where fixed costs are $4,500 per year and variable cost is $10 per unit. The firm sells the product for $70 per unit. What is the break-even point for this operation? What is the profit (or loss) on a dem..
Which of the following is not a poka yoke application.
As an outside consultant, you do not often have control over work environment and conditions. What can be done to maximize transfer of training if the work environment and conditions are unfavorable and difficult to change? Describe some specific act..
Which of the following warranties is created when the buyer relies on the seller to pick out the goods that the buyer requires to meet a stated need?
Create an Master Production Schedule and a Material Requirement Planning Chart
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