Service levels in supply chain management, Microeconomics

Assignment Help:

Service levels in Supply Chain Management

Consider that a finished product is made up of five inventoried component parts. If the service level were 90 per cent or 0.9 for each item, then the probability of having all items in stock at any one time would be (0.90)5 = 0.60. In other words, four times out of ten the assembly foreman would not be able to complete an assembly! Hence a system where shortages are an inherent feature and not caused by 'someone's mistake'.


Related Discussions:- Service levels in supply chain management

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Production, who is a rational producer?

who is a rational producer?

Consumer and producer surplus, Evaluating  the Gains and Losses from the P...

Evaluating  the Gains and Losses from the Policies of Government:  Consumer and Producer Surplus * Review - Consumer surplus is total benefit or value which consumers rece

Is lm model, why slopes of is and lm curves affect effectivness of fiscal a...

why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?

DEFNITION, WHAT ARE THE COMPONENT OF ECONOMICS

WHAT ARE THE COMPONENT OF ECONOMICS

What is framework in the modern economics, What is framework in the Modern ...

What is framework in the Modern Economics? Framework in the Modern Economics: The framework is a framework which uses to deal along with daily activities and is utilized to

Explicit costs, Joe is the owner-operator of Joe’s Haircuts Unlimited. Las...

Joe is the owner-operator of Joe’s Haircuts Unlimited. Last year he earned $100,000 in total revenues and paid $65,000 to his employees and suppliers. During the course

ECON, why society has chosen the mixed economy

why society has chosen the mixed economy

Supply, conditions for an abnormal supply curve

conditions for an abnormal supply curve

Factors determine the price elasticity of supply, Factors determine the pri...

Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others

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