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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
Why is a system view so important to have if you are going to implement TQM?
Give an example of a project layout. Describe the site and how the environment is organized?
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Find 5 organizations (one that fits each of the below categories) and include the Web site link and the reason it fits the category: 1-Entrepreneurial 2-Machine bureaucracy
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