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Demand for Stick disposable razors at Buyright Drugs averages seven packages per day. The razors cost Buyright $0.80 per package and sell for $1.49. Buyright uses a 20% annual holding cost rate and estimates the cost to place an order for additional razors at $25. Buyright is open 365 days a year, has an average demand of 10 packages per day, and desire a safety stock of 25 packages. The lead time for delivery is five days. Determine the following: a. The optimal inventory policy (order quantity and reorder point) for Stick razors.
b. The number of days between orders (cycle time).
c. The total annual inventory cost (holding, ordering, and procurement) and the projected annual net profit of this policy.
you have developed a new work procedure that will increase productivity. your boss likes the idea and wants you to try it in a few weeks.
(1) Define the term, transfer of learning. (2) A critical issue in training is the transfer of training, and ethics training is no exception. How could the transfer of ethics training back to the workplace be maximized?
discuss some of the aspects of the transfer of training. What are the primary factors that play a role in the success of the process? How can application of the training objectives be sustained? What are some of the challenges?
Describe the strategic importance to updating survey data. Explain the different methods for updating data. Provide an example to illustrate updating data.
Discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue and morality.
Illustrate what is the multifactor productivity ratio. Compared to the result obtained, did productivity increase or decrease for the course process.
Discuss innovative ways (beyond those addressed in the text) that the HR function can help ensure the security of employees working in a health care organization.
How might the customer strategy differ in these two situations, or would it? 3. How would the customer strategy differ between customers in France and the United States?
How does each company create value and sustain competitive advantage through business strategy and what measurement guidelines is each company using to verify its strategic effectiveness?
What are some of the outcomes that companies will experience as they become more organic and less mechanistic? Be sure to include both positive and negative outcomes?
Prices apply inclusively to all units bought. What is the optimum purchase order size that should be placed, and what is the total cost?
A manufacturer uses a purchase part whose demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t.
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