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1. Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are $25 per order. a. Determine the economic order quantity. b. Compute the total cost of ordering and carrying clay pots. c. If the manager has been using an order size of 2,000 pots, how much can be saved per year by improving the inventory policy?
Briefly discuss benchmarking as process improvement tool. Explain six types of benchmarking and give four reasons why some businesses have failed to derive maximum benefit from it.
What exactly is stress? What is the difference between so-called "good" stress or so-called "bad" stress? When it comes to dealing with the stress, does it make any difference whet
Task time estimates for a production line setup project at Robert Klassens Ontario factory are as follows: Activity Time (in hours) Immediate Predecessors A 6.0 B 7.2 C 5.0 A D 6.0
What are the primary external organizational considerations for the development of a strategic plan? Which consideration is the most important? Why?
what is product interval time product duration?
1. A reduction in the number of kanbans (given a constant container size) requires A. A reduction in safety stock and/or lead time B. A decrease in safety stock and/or lead t
In your organization, describe how there are trade-offs between the competitive dimensions. Give examples.
What are the issues of management does Whole Foods Market in 2010 needs to address? Analyze and evaluate the issues identified
Instructors recommended to conduct training in management
You are very annoyed by one of your third-party service providers (3PL) and want to confront him and re-negotiate a new relationship. How would you go about this important task?
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