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Q. Use the following scenario to answer the next 2 questions: Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. The Yearly demand averages 10,125 boards and the order cost is $24.00 per order. Holding cost is estimated to be 15%. The purchase cost of each board is $8.00. The standard deviation of daily demand is 10 boards. The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ?
Explain the procedure to create a forecast using the decomposition method of least square regression.
Identify individuals within the buying organization who fulfil the different roles of the buying center. Identify as many for every role as possible, doing research where necessary.
The Jane Deere Company manufactures tractors in Provo, Utah. Jeremiah Goldstein, the production planner, is scheduling tractor production for the next three months.
Conduct research on organizations that rate companies on a specific facet of social responsibility. Explain how do they assess the companies they rate.
Each time they order it cost the company 150 dollars. Using the price break table below please decide illustrate what the optimal number to order would be for this company.
Presently, they purchase separate truckloads from every supplier. Elucidate what is the corresponding minimal annual cost. Elucidate what is the cycle inventory of every component.
Three hundred boxes are to be shipped and each box has a price of $140. Which shipping alternative would you recommend. Explain.
Explain how have Whites who have not owned slaves and nor practiced discrimination in employment nonetheless benefited from and been advantaged by slavery and discrimination.
A short discussion on the elements considered necessary for research to be considered good research.
Consider your own experiences in working with a team. What was your individual role in this team? Imagine you are the manager of a service desk for a mid-sized company that offers sales and service to external customers. You are interviewing an ap..
Find out in your organization an aspect of the operational process which could benefit from use of one or more of the given techniques: business or predictive analytics, dashboards, decision support systems and supply chain management.
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..
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