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1. What are ordering costs? Provide examples.
2. What are setup costs? Illustrate with examples.
3. What are carrying costs? Illustrate with examples.
4. What are stockout costs?
5. Explain why, in the traditional view of inventory, carrying costs increase as ordering costs decrease.
6. Discuss the traditional reasons for carrying inventory.
7. What is the economic order quantity?
8. Suppose that a material has a lead time of three days and that the average usage of the material is 12 units per day. What is the reorder point? If the maximum usage is 15 units per day, what is the safety stock?
9. Explain how safety stock is used to deal with demand uncertainty.
Find a level workforce plan that uses overtime and the minimum amount of under time (idle time for workers) possible. Overtime can be used to its limits. What is the total cost of this plan and plan for a chase strategy to with variable workforce ..
The VP of Operations has decided that a far greater focus on vendor quality and internal process improvements must be taken. The VP of Procurement, prior to your coming on board, had already met with the CEO's of ABC's 4 major vendors and alerted ..
What are the differences between a green supply chain and a sustainable supply chain? Please do your own research and have a discussion of no less than 50 words.
Write a 700- to 1,050-word paper that identifies each link in the supply chain and the purpose and value in each. For example, if the shoe industry were to be chosen, the supply chain might look something like:
What is the total annual cost
Describe the strategic role of forecasting in Supply Chain Management. The role of inventory in supply chain management.
Create a template in Excel for an Aggregate Plan and it has to include expected inventory levels and the number of people required to do the job each quarter.
If each truck trip still costs $1,000, how does this decision impact total annual costs (TAC) at BMW in relation to the TAC in question 1? As part of your answer, please make sure you calculate the costs.
What is the optimal amount to ship from India to North America and what is the optimal amount to ship from Germany to Japan - Where on the Implied Uncertainty Spectrum do the following products fall?
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Implementing ERP Systems - why do many firms find it difficult to implement an ERP system?
How is the International Organization for Standardization trying to encourage ethical business behavior?
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