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Joe Henry's machine shop uses 2500 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:Annual Demand: 2500Holding Cost per bracket per year: $1.50Order cost per order: $18.75Lead Time: 2 daysWorking days per year: 250
a.) Given the above information, what would be the economic order quantity (EOQ)?b.) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?c.) Given the EOQ, how many orders would be made each year? What would be the annual order cost?d.) Given the EOQ, what is the total annual cost of managing the inventory?e.) What is the time between orders?f.) What is the reorder point (ROP)
Describe elements of the Toyota Production System (objectives, process, outcomes). Describe how sharpen the saw is applied in the Toyota Production System (objectives, process, outcomes)
describe the tasks, and responsibilities of your dream job related to your academic major
Job shop makes products in batches ranging from 1 unit to 1 hundred units. Assuming capacity is not a limitation on either machine, on which batches should Machine Center B be used.
Explain how many pins should you buy also have on hand for the event. Does the decision change if you exchange the probabilities for 400 also 500. If so, illustrate what is the change.
Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. What is the Columbia bean constraint?
Discuss how supply and demand would be affected under each of the four degrees of competition
An important aspect of strategic planning is analyzing the internal and external environments. Recently, a large organization completed their environmental analyses only using a very extensive SWOT process
The CTC phone company is a regional supplier of long-distance telephone services. CTC is trying to determine the optimal pricing structure for its daytime and evening long-distance calling rates.
Image text transcribed for accessibility: The injection molding department of a company uses an average of 30 gallons of special lubricant a day.
Schedule the following activities using CPM determine the critical path.
what is bakers inventory turnover? what is the percent of bakers assets committed to inventory? how does bakers performance compare to Arrow distrubuting?
Should it be classified as a low-cost provider strategy? A differentiation strategy? A best-cost strategy? Explain your answer in 250 words or more.
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