Reference no: EM131381038
DB Assignment
The DB has 3 parts
You run a hardware store that carries thousands of different items. You have begun to realize that you are spending a great deal of resources (Time, Labor, Space, Money) managing your inventory and decide that it is time to take a closer look at your inventory situation. Please discuss the following items that you feel are important to understanding and managing your inventory situation.
I. What are the types of cost that might be associated with your inventory?
1. Carrying Costs
2. Procurement Costs
3. Out of stock Costs
II. Which of the three main Inventory philosophies (Push, Pull, JIT) do you feel would be most beneficial to your situation? (Please explain why)
III. What are some of the reasons that you would like to build up, or reduce, the inventories in your store? (Please explain why.)
Assignment Objectives
Interpret the key concepts of supply chain management (SCM).
Evaluate distribution network design in a supply chain.
Assess aggregate planning and product variety management.
Differentiate inventory management: deterministic and stochastic; multiperiod and multi-echelon.
Assess strategic alliances and outsourcing strategies.
Evaluate supply chain coordination and contracts, customer value, and supply chain management.
The variance of the number of cars sold per month
: Do you believe that the variance of the number of cars sold per month before the announcement is equal to the variance of the number of cars sold per month after the announcement?
|
What tools are available for consumers today
: Explain how individuals can make healthier choices if they choose to eat at fast food outlets. What tools are available for consumers today to learn about the nutrient content of fast food menu items
|
Evaluate the relative merits of primary data analysis
: Analyse the main elements that go into the development of a literature review comparing and contrasting the strengths and weaknesses of the main structural methodologies employed in its construction ( distant to close, chronological, topical etc)...
|
Discuss the proposed food label changes
: Discuss the proposed Food Label changes outlined in the Textbook explaining how the changes would help consumers understand food labels more effectively
|
What are the types of cost that might be associated
: What are the types of cost that might be associated with your inventory? What are some of the reasons that you would like to build up, or reduce, the inventories in your store?
|
Description of specific health or health-related issues
: Give a 2-3 pages description of specific health or health-related issues at a county level from the data gleaned from one these sites. From a leader's perspective, how would you apply geographic information systems (GIS) technology in evaluating h..
|
What advice would you offer the sloans
: What would be the reasons for and against Christina and David Sloan working for Tortilla King? What advice would you offer the Sloans?
|
Carry out the test of equality of variances
: Two independent random samples of 25 waiting times in each of the counters gives s1 = 2.5 minutes and s2 = 3.1 minutes. Carry out the test of equality of variances, using α = 0.02.
|
Conduct a test for equality of means
: According to Money, the average cost of repairing a broken leg is $10,402, and the average cost of repairing a knee injury is $11,359.- Conduct a test for equality of means using α = 0.05.
|