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You work as a logistics manager for an industrial company in California that manufactures sonar equipment to fishing boats. Your boss has indicated that the capital tied up in both raw material and finished goods warehouse, is far too high compared to competing businesses. Your boss asks you to put in action within 1 year will give noticeably less capital tied up but at the same service as before.
Task:
Describe the logistical structural assumptions relating to capital and what measures you will implement. Explain the manner in which your actions will reduce capital tied up in raw material respective stocks of finished goods at the same service as before.
The sales of a popular headache aspirin bottles at Merkle Pharmacies over the past six months have averaged 2,000 cases per month, which is the current order quantity. Merkle’s cost is $12.00 per case. The company estimates that the annual holding co..
What is the relationship between hotel occupancy and housekeeping payroll costs? What is the relationship between an accurate budget and an executive housekeeper's long term job status?
Assuming that units in inventory are valued (based on COGS) at $500 per unit and are sold at $800, how fast does the company turn its inventory?
What do you mean by horizontal and vertical analysis of financial statements? Discuss the categories of Ratios with the help of suitable example. Explain the concept of working capital. Discuss the working capital management strategies. Elaborate Rev..
Discuss synchronous manufacturing, it is said that one should focus on bottleneck resources and capacity-constrained resources. What is meant by each of these. Why do we concentrate on these particular resources as opposed to other ones?
Public health surveillance and prevention efforts in the U.S. reflect the involvement of numerous health care providers and organizations. Government agencies such as the CDC often function as a hub for the collection, coordination, and communicat..
Adjustments were made in the process at the Mach4 Tool Co. discussed in Problem 17 and 25 more samples were taken. The results are given in the worksheet tab Prob. 8-18 in the Excel file C08Data.xlsx on the Student Companion Site for this chapter. Wh..
You have purchased a financial investment company, The Financial Level, that caters to individuals and families. You would like to develop a few blogs for your customers, employees and partners. Research the Internet and find several customer blogs a..
In which type of operation are you likely to see, at most only minor variations in the product or service being produced utilizing the same process also the same equipment. Is it a project, a job shop or repetitive production?
An assembly line with 11 tasks is to be balanced. The longest task is 2.7 minutes, the shortest task is 0.4 minutes, and the sum of the task times is 18 minutes.
What are the key characteristics of a high potential target market? Is the biggest target market always the best? Why or Why not?
Jennifer Lawrence is a famous movie star living in Beverly Hills, California. One day she awoke in horror to find that personal, revealing pictures from her cell phone had been stolen from her iCloud account and circulated on the internet. Why or why..
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