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Rome Corporation is a supplier of ball bearings. Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created. The current inventory levels are $1,500,000 and $2,000,000, respectively. In addition, finished goods inventory is $3,500,000, and sales (at cost) for the current year are expected to be about $28 million. Assume they operate 50 weeks per year. a. What is their total inventory (measured as weeks of supply)? b. What is their inventory turnover?
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Calculate the daily production quantities and sequences from the following monthly requirements for product models A, B, C. Assume the month has 20 production days.
on Toyota's Production System (ie. Benefits, Advantages/Disadvantages, History, Effects on today's manufacturing) and was just wondering if I could get like 5 key points
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