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Question:
(a) ‘Stock is often said to be the biggest evil in any business, yet firms still keep stocks.' Discuss the reasons for keeping stocks.
(b) Discuss the main costs involved in keeping stocks.
(c ) The demand per month for a spare part is 200 units. The storage space cost per unit per year is Rs20. The cost for ordering the spare part is Rs35 per order. Each unit of the spare part is Rs150 and interest rate is at 10%.
(i) Detrmine the economic order quantity.
(ii) Find the total cost.
(iii) The purchasing manager got an offer of a discounted price of Rs140 per unit if he orders in lot sizes of 600. By performing the necessary calculations indicate whether he should shift to the new policy instead of using the EOQ.
Identify issues management needs to address. Analyze and evaluate the issues identified and a set of actions management should take to address the issues identified.
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if the average worker can produce 15 widget an a hour/which goal is likely to lead to the best performance/1.10/2 15/3.
The scope overview and business case sections of the project charter provide the high-level "what and why" of the project
In what ways does technology have an impact on capacity planning?
The network in figure below shows the pipeline transportation system for treated water from the treatment plant (node 1) to a city water supply system (node 14). The arc capacities
Management Management can be elucidated as an art or science, (however, it is combination of art and science) of getting things completed by the people, by planning coordina
Define and discuss the importance of reliability in the selection process.
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