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Retailers Warehouse (RW) is an independent supplier of household items to department stores. RW attempts to stock enough items for a 90 percent service probability. A stainless steel knife set is one item it stocks. Demand (2,700 sets per year) is relatively stable over the entire year. Whenever new stock is ordered, a buyer must assure that numbers are correct for stock on hand and then phone in a new order. The total cost involved to place an order is about $12. RW figures that holding inventory in stock and paying for interest on borrowed capital, insurance, and so on, add up to about $3 holding cost per unit per year. Analysis of the past data shows that the standard deviation of demand from retailers is about four units per day for a 365-day year. Lead time to get the order is seven days. What is the reorder point?
You described the importance of the 5C's and of these, customer focus as one that is very important to a company. However, the customer is not always the end user,
Electronincs assembly Inc. operates two 8 hour shifts for 275 days per year. Use this information in the table to determine the capacity requirement.
Dan, a young man of 55, has been recently admitted to the emergency ward of a large urban hospital after suffering a fall that damaged his ear, broke his arm and may have caused internal bleeding in his brain. If you were to look at this as a consequ..
While developing x-bar and R charts, the manager took 10 samples each of size 6. The average of sample means was 3.2. The average range value was 0.6. What will be the value of UCL for the R-chart?
Discuss the concept of economies of scale in transportation. Initial post should be at least 250 words,APA format, and with references too.
Give an explanation of a demand chain, an identification of the constituent parts of a demand chain, Why a business should understand the constituent parts of their demand chain, A description of how a demand chain is created, A description of how..
Write a six pages paper summarizing your findings and drawing from academic sources as well as company information. In your paper, examine the concept of a global company and the question-is a global company a synthesis of its component cultures, ..
How do short-term and long-term orientation relate to corporate profitability and management incentives in the USA?
Distinguish intangible costs and benefits and explain why they must be considered when justifying an IT investment.
In general, outside research and material should not exceed 30% of any project. How do you know whether you have the right balance between outside research and your own ideas? How do you assert your own views and support them with research without le..
What are the differences and similarities between the tactical and strategic decisions you have made. How often did you need to change your strategic decisions. How often did you change your tactical decisions
People living in democracies often believe that the best way to govern communities of people is to employ simple majority rule. (1 page total) In what way does super-majority rule remedy some of the deficiencies of simple majority rule? While it woul..
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