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(Inventory Cost) A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. At the end of the same year, the company had $20,000,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $1,000 per unit and are sold for $2,000 per unit, how fast does the company turn its inventory? The company uses a 25 percent per year cost of inventory. That is, for the hypothetical case that one unit of $1,000 would sit exactly one year in inventory, the company charges its operations division a $250 inventory cost. b. What—in absolute terms—is the per unit inventory cost for a product that costs $1,000?
What is the relationship between the business strategy and an entity's organizational culture regarding staffing decisions? Is it possible to strengthen one without the other?
Networks and e-commerce have a commonality in that they are both changing and growing. The needs for larger networks as E-commerce get more complicated and as the opportunities expand, requirements are growing exponentially.
What is the current state of HRM-r related technologies in your organization?
Given an average rate of twelve customers per hour, what is the probability the business can handle all the customers when the average arrival rate is ten customers per hour? use the poisson distribution to calculate the probabilities for various cus..
Sad Clowns Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of 900 cases every two months. Sad Clowns incurs a setup cost of $500 every time it produces these 900 cases, and its annual holding cost per case is $3. How ..
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In what ways do you think that setting expectations when non-experts are involved is a problem, and how do you think a project manager can address this?
Determine the average waiting time for units in each class. Find the average number of customers in each class that are waiting for service.
Jose sells gym equipment from his house in Dorado. Annual demand for the PuertoFlexers, his best-selling product, is 2,000. Assume that the year has 360 days. What are the EOQ and total Cost of this situation? If Jose expects demand to rise by 15% ne..
Find and describe at least three technological components that are required for data-driven decision making. Be sure to explain how each component is relevant to business analytics. Describe how a company would implement each of these components o..
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