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Consider the following inventory management scenario: Our bottling plant uses approximately 1000 plastic bottles per day (normally distributed), while daily usage has a standard deviation of 70. Order lead time is 2 days (constant).
A. What is the average demand during lead time for this item?
B. What is the standard deviation of demand during lead time for this item ?
C. If I use an order point system, what reorder point (ROP) would result in 100 units of safety stock?
D. What is the predicted service level using that ROP value?
E. What ROP value is needed to provide 99% predicted service level? How much safety stock is associated with this policy?
A marketing team presents a children's cereal brand manager with the “Less Sugar” ad campaign for three of her brands. Large print and dynamic type on the package exclaiming “75% LESS SUGAR” will catch the parent’s eye and increase sales.
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Create a Communication Plan for the proposed change covered in the Change Management Plan. In the Communication Plan, complete the following:
Explain the following accounting assumptions and principles briefly
Some argue that government needs to increase its regulation of business for the good of society as a whole, while others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair.
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A bank has a traffic issue. Due to manpower limitations, traffic into the satellite banking location is reduced at 2pm to one channel, one phase. On other words, there is only one teller available to handle patrons who walk into the satellite bank..
Create a public relations campaign for a financial institution that has recently received negative exposure in the media pertaining to its lack of responsiveness to those wishing to modify existing home loans.
What are the annual cost of the silverware with an optimal order quantity? What is the total annual cost, including ordering, holding, and purchasing the silverware?
summary outlining your findings from your discussion as a team on decision making. Each individual should include two-three sentences explaining whether or not you agree with your team's findings and why you agree or disagree.
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