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Suppose you are a corporate buyer. One of your suppliers delivers a particular part in 12 days on average; with a standard deviation of 3/ The daily usage averages 20 units per day
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Aerial Products has received a contract to construct airframes produced at a client's factory in Tennessee. There are strict quality control measures in place for the airframes.
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components pu
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