Determine the eoq for the material, Supply Chain Management

Assignment Help:

Problem 1

Aerial Products has produced 100 airframes with the following mix data.  Perform a complete SPC analysis identifying if the process is in control, if the process is capable and identifying the reason the process is out of or in control and is or is not capable.

Problem 2

Using the data from Problem 1 establish a forecast for material for five years where the demand for airframes is (Yr.1 = 200, Yr.2 = 50, Yr. 3 = 100, Yr. 4 = 500 and Yr. 5 = 250).  If the costs for materials fluctuate by 5% per year, establish if purchasing ahead of time is cheaper if storage costs vary by 10% per year, where Year 1 storage costs are $300 for each of the key ingredients.

Problem 3

Based on the results of Problems 1, 2 and 3  determine the EOQ for the material, the amount of safety stock and annual carrying costs based on the data.

 


Related Discussions:- Determine the eoq for the material

Appeal mechanisms in the current procurement system, The Public Procurement...

The Public Procurement Act 2006 is based on international procurement best practices that guarantee the rights of all parties involved. For instance, unsatisfied bidders and supp

Explain the formulation of a customer service strategy, Q. Explain the form...

Q. Explain the formulation of a customer service strategy? i. Customer service segmentation: It involves identification of the different segments of the organization's cu

Raw material., who''s responsiblity to conform the requirement of the raw m...

who''s responsiblity to conform the requirement of the raw material

Define two major drivers of supply chain performance, QUESTION 1 Ide...

QUESTION 1 Identify and define two major drivers of supply chain performance Discuss the role of two of the drivers in creating strategic fit between the supply chain str

Components of a supply chain management, a) With the help of a diagram expl...

a) With the help of a diagram explain the architecture of an e-business application. b) What is an affiliate and how an Affiliate Program Works? c) Distinguish between Pay-pe

DIFFERENCE BETWEEN SUPPLY CHAIN AND VALUE CHAIN, WHAT IS THE DIFFERENCE BET...

WHAT IS THE DIFFERENCE BETWEEN SUPPLY CHAIN AND VALUE CHAIN

Benchmarking, explain the concept of benchmarking

explain the concept of benchmarking

Global productions and operations , compare and contrast push-based product...

compare and contrast push-based production strategies with pull-based strategies. what are the primary capabilities, advantages and disadvantages?

#title. Material handling, how can store managers reduce on double or tripl...

how can store managers reduce on double or triple handling of materials in warehouse.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd