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Modern Furniture Stores sells modern coffee tables. The expected demand for next months is 500 coffee tables. Tables are handmade in Seattle. The cost of ordering a set of tables is $500. In addition the average cost of storing a coffee table is $150. The time between placing an order and receiving it at the store is 5 days. Finally daily standard deviation for the demand is estimated as 0.5 tables per day. a. Find the reordering point. b. What would be the safety stock required for a 95% customer service level? c. What would be the yearly cost of carrying the safety stock during the year? d. What would be the new reorder point? The manufacturer offers the following purchasing options: Units Price 0-99 1,000 100-299 950 300-499 900 500-999 850 1000+ 800 a. Find the order quantity that minimizes total cost. b. Find the new total inventory cost (include safety stock). c. Find the new inventory turnover. d. Find the new inventory cycle.
You are a new CEO of a large business. Your supply chain department managers are very good; explain however, they have a hard time cooperating with each or on mutual business goals. Each 1 tries to maximize their areas results. Explain how would y..
16 percent of the employees in an organization have managerial positions also 26 percent of the employees in the organization have MBA degrees. Also, 61 percent of the managers have MBA degrees. Utilizing the probability formulas, find out the pro..
An insurance company uses accompanying tasks to process paperwork. Forty claims need to be processed in an eight-hour day. Determine theoretical number of workstations.
Design a model with methods also procedures for analyzing diversity also elucidate how you would implement results in a cultural diversity training program. Illustrate what risk of stock out would result from a decision not to have any safety stock..
Identify how each approach informs or impacts life, particularly as you prepare for your senior years. Discuss benefits (pros) also shortcomings (cons) of each perspective. Identify which perspective helps you to make choices as you move toward your ..
What are some of the activities you can undertake to implement your scorecard? When is the implementation of a personal Balanced Scorecard completed?
A will make a fixed 7.95 percent payment to B, also B will make a floating rate payment equal to LIBOR to A. Illustrate what are resulting net payments of A also B.
Can observation method be used to determine consumer preference for weather related information. If so which observational method would you use also why.
Discussion on the importance of surveys in research program, the questions which can change outcomes, and when to employfocus groups instead.
Illustrate under what circumstances would GMA or cognitive ability tests be appropriate for promotion decisions. Are there other methods that might be more valid.
Illustrate what is your recommendation as to risks also benefits of purchasing a home based on se considerations.
Assuming stock out costs for lost sales of $ 100 per unit, inventory carrying costs of $25 per unit per month and zero beginning and ending inventory, evaluate these two plans on an incremental basis:
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