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Storied Lane Components is preparing an inventory management plan for screwdrivers. They have a forecasted demand of 10,935 screwdriers per month with a MAD of 152 screwdrivers per month. The lead time to receive screwdrivers is 1 week(s) and they would like to have a 95% service level to avoid turning away customers. Their ordering cost is $422 and their holding cost is $4 per screwdriver (breakage)per year. When doing all calculations assume that there are 4 weeks in 1 month and there are no other contractual requirements on order quantities or frequencies. If following a fixed time inventory system with a review period of 6 weeks, what should their order up to quantity be? Be sure to enter your results with two decimal places.
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The warehouse manager, Juan Villa, has suggested using the same methods for controlling component inventory. Write him a brief memo outlining your opinion on doing that.
Does the Internet pose a threat to the competitive position of your school in the market for business education, or is it an opportunity for your school to enhance its competitive position?
Jorge makes the comment that a "business is worth more than the price of its stock. 'He is of course referring to the family values and social value of the firm.(Ignore this).
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Imagine you just started your own business and you have 20 employees. You are the manager/owner of the business. Please select a process that you learned this week and explain how this process will be used for your business.
In October, the union began an organizing drive involving nursing personnel employed at the Medco Hospital (the employer). “Visitors, patients and other nonemployees may not solicit or distribute literature on any hospital property for any purpose at..
Having separate payroll departments in each division of a divisional structure is an example of which of the following? Efficiency, because payroll departments compete.
Illustrate what is maximum number of applications per hour which can be handled by present configuration method of process.
Assignment On Discussion-Supply Chain, Understanding supply chain and how the consumer can play a critical role in the supply chain is an important part of developing and implementing a strategy.
What type of factors may influence future management decision-making in these two companies? What types of control criteria would you expect these companies to use in evaluating their operations and determining how well they are doing?
Analyze the CEO's leadership style and philosophy, and how the CEO's leadership style aligns with the culture.
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