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Westside Auto purchases a compant used in the manufacture of automobile generators directly from the supplier. Westside's generators production operation which is operated a constant rate will require 1000 components per month throughout the year ( 12,000 units annually) Assume that the ordering costs are $25 per order the unit cost is $2.50 per compont and annual holding costs are 20% of the value of the inventory. Westsides has 260 working days per year and a lead time of 5 days.
A. what is the EOQ for this component?B. What is the reorder point?C. What is the cycle time?D. What are the total annual holding and ordering costs associated with your recommended EOQ?
Illustrate what general features would you look for in a business process that would make that process a candidate for reengineering.
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In service industries that require extensive knowledge and training on the part of the service provider (e.g. medicine), which is the least viable way of dealing with demand variability and perishable capacity?
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In the following schedule, what is the total amount of uncommitted inventory that the company can promise to new customer requests for the month of June?
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Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given in problem 4.10 to begin the procedure.
This loan is due and payable in full on June 1st. Unfortunately for Jose, he failed to get a flu shot during the winter and came down with a very bad case of the flu.
Explain how the continuing mobility of US consumers as well as the development of big metropolitan areas should affect marketing strategy planning in the future. Be sure to consider the impact on the 4 P's.
The CEO of your organization has developed two potential plans to help the organization cut costs. The CEO has asked you to form a group; the members of the group are to represent a cross-section of all the departments within the organization.
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