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Garden Variety Flower Shop uses 890 clay pots a month. The pots are purchased at $3.70 each. Annual carrying costs per pot are estimated to be 50 percent of cost, and ordering costs are $30 per order. The manager has been using an order size of 1,000 flower pots.
a. What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places. Omit the "$" sign in your response.) Additional annual cost $
b. Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 1,000)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.) About % of the storage space would be needed.
Capacity is important to a well-running shop floor control system. Explain why insufficient capacity and excess capacity is important to the creation of a well-running shop floor control system.
The strategy of the Sherman Anti-Trust Act and other U.S. antimonopoly legislation is to ensure that each company has meaningful competitors in every product market in which it participates.
The subsequent tabulations are actual sales of units for six months also a starting forecast in January.Compute forecasts for the remaining five months utilizing simple exponential smoothing with.
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Topic of the question is Betting on uncertain demand : the newsvendor model Question 1 . The Penn Bookstore is doing an audit of the magazine procurement process. A consultant recommends an in-stock probability of 80% for all of the magazines they st..
Toxic Chemical Agent Incident Response Scenario. Write a 1,050- to 1,750-word paper in which you describe a response for the toxic chemical plant spill detailed in the scenario, applying the principles of an Incident Command System.
Reflect on your self-assessment of Skill Building. Will this insight be useful for your role as a manager or leader
Why do you Assume that Best Buy, rather than one of Best Buy's big suppliers such as Sony or Panasonic, is considering eliminating rebates.
Complete the cumulative Business Research Report by combining Parts 1-5 into a paper by collaborating with your team to include the following-
The annual holding cost rate is 40%, annual demand is 900, and the order cost is $20 per order. The lead time is 4 days. The store is open 300 days per year. What is the optimal order quantity?
Discuss the proper preparation aspects of new product development. Deduce why companies are feeling the pressure to bring new products to the market quickly.
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