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Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a. What is the economic order quantity for this item? b. For the economic order quantity, what is the length of an order cycle? c. For the economic order quantity, what is the reorder point? d. For the economic order quantity, what is the average inventory level? e. For the economic order quantity, what are average weekly ordering costs? f. For the economic order quantity, what are average weekly carrying costs? g. For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?
Discuss what you would/could do as a manager, or what you have experienced, to create 3 different "orange splats" or emotional episodes at work that are low cost with high emotion
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Explain the process of the procurement of raw material and components. Managing the procurement of raw material and components into the production process of an organisation ca
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what do you understand by "line balancing"? What happens if balance doesn''t exist ?
Differentiate between (1) exempt and non-exempt employees and (2) line and staff employees.
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What do you understand by “line balancing”? What happens if balance doesn’t exist?n..
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