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A produce distribution uses 240 packing crates per week, which it purchases at a cost of $20 each. The manager has assigned an annual carrying cost of 30 percent of the purchase price per crate. Ordering costs are $90. Currently the manager orders once every four working weeks. There are 48 working weeks a year. a. What is EOQ? b. What is the number of orders per year using EOQ? c. What is the time between orders in weeks if using EOQ? d. What is the total cost based on the current practice? How much could the firm save annually in ordering and carrying costs by using the EOQ (vs. the current practice)? e. If the order lead-time is 2.5 weeks, what is the reorder point? (ROP) f. If the safety stock policy is that SS= 50, what is the ROP? g. If the standard deviation of the weekly demand distribution is 50 and order lead-time is 2.5 weeks, with SS= 50, what is the service level?
For each of the situations described below, select the type of analytics that would address the specific organizational need and justify your selection. A) A mid-sized bank would like to provide as much automated support for its lending decisions as ..
General Equity Corporation enters into a contract with Honi, who agrees to create artwork for General’s main office building. Honi delays and eventually refuses to perform. In separate suits by General against Honi and by Ideal against General, each ..
Conduct an analysis of the presentation. Please do not provide a summary of the speech. Identifying the recommended outline for this informative presentations. Begin with a brief description of what the presentation is about. Present and argue your p..
Write an executive summary identifying appropriate design approaches for a selected product and service. Pick one service with which you are familiar. Complete three to five line items such as production line, self-service, or personal attention ..
Suppose you run HR at a large organization. How will you determine supply and demand? How will employee turnover factor into your decisions?
Steves Mountain Bicycle Shop is considering three options for its facility next year. Steve can expand his current shop, move to a larger facility, or make no change. With a good market, the annual pay o? would be $76,000 if he expands $90,000 if he ..
How does your organization determine customer requirements? How are your organization's core competencies tied to its strategic goals? What are the strengths and weaknesses of the quality function deployment approach?
Imitability of a resource can occur through:
This is part one of a two part assignment starting with an introductory look at process design and supply chains.
After working a few years, you would like to extend your college education on a part-time basis. You know that your education can benefit your employer, but you can’t really afford the fees for tuition and books. In teams discuss the best way to appr..
Adopting an ERP (Enterprise Resource Planning) system is a key business as well as a technology decision. Why would a company want to adopt ERP?
overview of your company including information about company size. You should include at least 2 outside resources and write your paper in APA format.
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