Reference no: EM131260375
How do your answers to Problems 1 and 2 provide insight into a collaborative purchasing strategy?
Problems
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity (see Chapter 12 for EOQ formulas) for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $30, and annual carrying cost per lamp is $12.
a) What is the EOQ?
b) What are the total annual costs of holding and ordering (managing) this inventory?
c) How many orders should Discount-Mart place with Specialty Lighting per year
Problems
Discount-Mart as part of its new Lean program, has signed a long-term contract with Specialty Lighting and will place orders electronically for its halogen lamps. Ordering costs will drop to $.50 per order, but Discount Mart also reassessed its carrying costs and raised them to $20 per lamp.
a) What is the new economic order quantity?
b) How many orders will now be placed?
c) What is the total annual cost of managing the inventory with this policy?
|
What is the percentage error in the thin-walled tube
: A cylindrical metal tube of mean radius r = 5 in., length L = 14 ft, and shear modulus G = 11 × 106 psi carries the torque T = 320 kip in. Determine the smallest allowable constant wall thickness t if the shear stress is limited to 12 ksi and the a..
|
|
What is the new economic order quantity
: What is the new economic order quantity? - How many orders will now be placed? - What is the total annual cost of managing the inventory with this policy?
|
|
Is advertising socially desirable of our economic system
: Is busines meeting its responsibilities to consumers with regard to the safety, quality, pricing, and labeling and packaging of its products? if not, how might it do better?
|
|
Disclosed in the financial statements
: How are cash equivalents reported or disclosed in the financial statements?
|
|
What are the total annual costs of holding and ordering
: What is the EOQ? - What are the total annual costs of holding and ordering (managing) this inventory? - How many orders should Discount-Mart place with Specialty Lighting per year.
|
|
Program that prompts for a date
: Write a program that prompts for a date (month, day, year) and reports the day of the week for that date. It might be helpful to know that January 1, 1601 was a Monday.
|
|
Maintaining executive support for programs and projects
: Acquisition strategy statements are important documents for gaining and maintaining executive support for programs and projects. What in your view are the one or two biggest challenges in developing an acquisition strategy? Give your reasons and a..
|
|
Prepare adjusting entries and adjusted trial balance
: Making journal entries for each transaction in chronological order. Prepare adjusting entries and adjusted trial balance. Prepare Income Statement, Retained Earnings Statement, and Balance Sheet. Depreciation expense for the year was $14,500. The com..
|
|
Perform a full system scan every saturday at midnight
: Perform a full system scan every Saturday at midnight. Check for updates before performing the scan.Apply default actions to items detected during a scan. Configure the following actions when items are found:
|