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A firm is faced with the attractive situation in which it can obtain immediate delivery of an item it stocks for retail sale. The firm has therefore not bothered to order the item in any systematic way. However, recently profits have been squeezed due to increasing competitive pressures, and the firm has retained a management consultant to study its inventory management. The consultant has determined that the various costs associated with making an order for the item stocked are approximately $70 per order. She has also determined that the costs of carrying the item in inventory amount to approximately $27 per unit per year (primarily direct storage costs and forgone profit on investment in inventory). Demand for the item is reasonably constant over time, and the forecast is for 16,500 units per year. When an order is placed for the item, the entire order is immediately delivered to the firm by the supplier. The firm operates 6 days a week plus a few Sundays, or approximately 320 days per year. Determine the following: a. Optimal order quantity per order b. Total annual inventory costs c. Optimal number of orders to place per year d. Number of operating days between orders, based on the optimal ordering.
What is Capacity Requirements Planning (CRP)? What can the planner do if the capacity of a work centre will be exceeded?
The president of the organization asks you to work with the team. 1. How do you explain to them that employee involvement will improve decision making quality? 2. How do you deal with resistance to getting others involved in their territory?
What steps can be taken on the part of the internationals and their employees to avoid or resolve situations in which employees are offended or harmed by host country practices?
senior leaders must understand how to motivate employees in a variety of ways. research major motivational theories and
Joe’s Machine Shop has identified the grinding station as its key bottleneck and has identified two options for expansion. The Grinder 1000 has fixed costs of $20,000 and $10 per unit variable costs. Determine the break-even point for each alternativ..
What key factors determine the success of alternative beverage producers?
Propose effective communication techniques for the different personality types. Use relevant research to back up your points.
A branch of the military has used an integration tool that captures a full metadata audit trail to create approximately 300 translators to interface 75 contracting applications to an electronic procurement package. Describe how you might use metadata..
we have spent time discussing the delivery methods for a project. now its time to focus on the different types of
In the case Labaj v. VanHouten, a business was found liable because it was foreseeable that a guard dog might injure a person it did not know. This illustrates: Negligence, Strict liability, False imprisonment
Examine an instance where you had to make an intuitive decision that required quick thinking on your part. Describe the end result of the decision you made and evaluate your decision-making skills. Then, determine what you would do differently based ..
Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are valuable tools to use in this evaluation.
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