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A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard deviation of 10. It takes 4 days for the supplier to deliver. The purchasing agent at the restaurant has established a 99.7% service level. Calculate: a) The Safety Stock and Reorder Point for the restaurant. b) The fast-food restaurant now considers ordering hamburger buns from a local bakery. To estimate its costs, the restaurant assumes now those buns are used at the (constant) rate of 100 per day and are purchased at $0.025 per bun. And it costs $1 for each order placed and the annual inventory holding cost per unit is 25% of the unit purchase cost. How much should be ordered (rounded to the nearest integer) each time to minimize the restaurant's total annual costs? And what is the length of order cycles (i.e. time between orders) in days? Assume the restaurant operates 360 days per year.
What communication concepts or theories could be used to enhance communications through personal selling
Compare and contrast the roles of key functions of quality professionals, research and development, supply chain, and governance to attain superior results in an organization.
Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s
Using external sources, research the segments of the general environment to write the environmental analysis of your Capstone Project. Incorporate the five forces of competition to help write the industry analysis of your Capstone Project.
Discuss the many costs that businesses face today. Is it always practical to test new ideas via a 'real life' study - with participants, facilities, etc? If not, how can a simulation be utilized to test ideas while keeping costs manageable?
The average score on the Southern High test was 400 with a standard deviation of 250. Which of the subsequent statements is true given this information.
Elucidate what should be the optimal batch size (Q) of clay tigers to be produced also shipped to the stores in every order. Keep 4 digits after decimal points in calculations.
Select one best practice from an organization or industry which you are familiar with also then whether which best practice can be implemented into the culture of a governmental entity also describe how it can improve service delivery to its citiz..
Being a marketing manager of a pharmaceutical company at domestic scale, list down core competencies of your firm & advice explain how will you add value to se core competencies in order to sustain for a longer period of time.
Identify typical processes in manufacturing firms. Discuss explain how new product development process interacts with traditional functions in firm.
Suppose that R & B Beverage Company has a soft drink product that shows a constant annual demand rate of 3600 cases. A case of the soft drink costs R & B $3.
Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
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