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1. In supply chain management it is often necessary to choose between two suppliers in an efficient manner. A manufacturer of electrical components faces an annual demand of 10 000 units. A supplier can supply 2 000 units. The shipping cost is R30 000, the price per unit is R50, the carrying cost is R10 and the administrative costs are R5 000 in total. The lead time is 5 days. Calculate the annual total costs for this supplier if the company operates 250 days per year.
2. A manufacturer's annual sales at cost is R5 772 000 and the average aggregate inventory value is R680 000. The inventory turnover is:
3. A bakery sold 3 800 pies in a week. In week 2 they sold 4 300, 3 900 in week 3, 4 500 in week 4, and 4 800 in week 5. Using a 3-period weighted average method with weightings of 0.5, 0.3 and 0.2, what sales would they forecast for week 6.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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