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After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking through the store and stockrooms, you find a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once every two weeks.
You choose, as your first item for study, computer printer paper. You examine the sales records and purchase orders and find that demand for the past 12 months was 5,800 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 9 boxes. You also search out these figures:
Cost per box of paper: $11. Desired service probability: 90 percent. Store is open every day. Salesperson visits every two weeks. Delivery time following visit is four days.
Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 70 boxes are on hand? (Use 365 days in a year. Round your answer to the nearest whole number.)
Firm operates 220 days a year also uses couplings at a steady rate of 50 per day. Couplings can be marked at a rate of 200 per day. Annual storage cost is $2 per coupling; also machine setup cost is $70 per run. Determine economic run quantity.
Given that a worker is involved in an exercise program, illustrate what is the probability that he or she will be a cold next yr.
Identify internal also external resources available to support your change initiative. Use the University Library to conduct a search for current peer-reviewed literature that provides data to support your change application.
Mass Production Corporation produces wheels for Hot Wheels cars. They make thousands of wheels every day using hundreds of equipments, each machine operated by two workers.
Usage of the material during lead time is normally distributed with a mean of 42 pounds also a standard deviation of 4 pounds. When should the raw material be reordered if the acceptable risk of a stock out is 3percent.
His approximate d cost to carry 1 case of whiskey is $52 dollars per case per year. He approximates that it costs $21 to place a whiskey order. Explain how many cases should doc order each time he places an order.
Classify characteristics that seem to be unique to Caterpillar and make their system successful. Explain how these unique characteristics contribute to success of Caterpillar.
You have been retained by a manufacturer of main appliances to investigate the probable color preferences of stoves and refrigerators in coming year. What is the purpose of research?
Elucidate what is the discovery process as it applies to a certificate action also Elucidate what role discovery plays in expediting civil legal proceedings.
According to an investigation published in the Archives of Internal Medicine, since the digitalization of medical records:
Compare the supply chain practices of 2 or more different companies in the same industry or similar industries. Should one industry adopt another's superior practices, or are their situations sufficiently different which everyone is already optimi..
Explain how does project audit differ from performance measurement control system. Explain in your own words. Explain how do these project tools help with quality management.
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