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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
An online retailer of a single product has four major markets in the four "corners" (North-East, South-East, North-West and South-West) of a country. Assume that daily demand in ea
Which among the following frameworks of ethics becomes less practical with an increase in the number of people, animals, etc. that could be affected by decisions made?
Stakeholders of a company are shareholders, the community, customers, employees, and all of the other parties that have an interest in seeing that the company succeeds. True False
Westside Printing Limited was incorporated on 1 July 200A to take over the existing business of Bob's Printing. Net assets (other than cash) were taken over at fair value. The tota
Siting Departments for Process Layout - Service Operations In determining the relative position of service departments the costs of movement may be less important than other,
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1. How much of an impact does "maturity" level of the industry or company have on strategy? 2. Can you be innovative in a mature industry? 3. Can you be conservative in an in
Which one of the following is NOT one of the basic elements of the strategic management process A. Strategy formulation B. Strategy implementation C. Statistical process control D.
Discuss the six steps in the Marketing Research process and relate to any company/product/service that you know or are familiar with.
what are the disadvantages of operation management?..
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