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Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding cost is $20 per unit per year. There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his average inventory be (in units)? what Answer is it? 100 200 60 120 none of the above
Kanban Scheduling System for Lean and Just in Time The ideal lot size is one - how many can we work on at one time? - usually one. Even in batch production, only one item in t
Describe the advantages and disadvantages of the various methods of data collection.
1. What you think might be the order winning and order qualifying criteria for: McDonald's, Southwest Airlines and a university? Answer:
process flow and layout flows are at the core of lean manufacturing, do you agree or disagree?
Question: You are the Operations Manager at Alien University and one of your responsibility is to manage the supplies of the University. One of your supplier has given you quan
Line Balancing Line balancing is arranging a production line so that there is an even flow of production from one work station to the next i, e, so that there are no delays at a
How can you contribute toward building a more ethical environment?
Objectivise and Benefits of Work Study Objectivise of Work Study a)Provide more and improved physical means to motivate the workers. b)Improve the basic process by resear
1. What in your view are the central human resources issues involved in this case?
Important of Production Planning The importance of production planning maybe judged form the following facts. 1. Production Planning Sets Objectives: Production planning se
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