a. How many breakers would the electrical switching equipment company need per year to make the in-house option the least costly? The company should consume rounded to the nearest whole number.) breakers per year to make the manufacturing the part in-house option the least costly. (Enter your response b. Assume the subcontractor wants the company to share in the costs of the equipment. The ESE company estimates that the total cost would be $8 million, which also includes management oversight for the new supply contract. For this concession, the subcontractor will drop the per unit price to $14.00. Under this assumption, how many breakers would the ESE company need per year to make the in-house option least costly? breakers per year to make the manufacturing the part in-house option the least costly. (Enter your response The company should consume rounded to the nearest whole number.) c. If the ESE manufacturer is expecting to use 1,200,000 breakers per year, which option (make in-house, use subcontractor without sharing in the cost of equipment, use subcontractor with sharing in the cost of equipment) is the least costly? The least costly option is ▼ with a total cost of
Q: (1) Obtain the trend projection with regression forecast. The forecast for week 13 is. Enter your…
A: MAD is a measure of the average absolute difference between the predicted values and the actual…
Q: a) Solve the LP model using the graphical method and determine the optimal solution. b) Calculate…
A: To solve the LP model using the graphical method, we first plot the feasible region determined by…
Q: Demand for oil changes at Garcia's Garage has been as follows: Month January February March April…
A: Ans)
Q: evaluation of the strategic stances Samsung can take in its journey to increase sales volume
A: Strategic stances refer to the different approaches or positions that a company can adopt to achieve…
Q: Can a process stop? Give reasons.
A: A process is a series of activities that have to be performed to transform the input into output. A…
Q: The following are monthly actual and forecast demand levels for May through December for units of a…
A: A forecast refers to a prediction or estimation of future events or conditions based on available…
Q: Explain "procedure." What distinguishes processes from planned activities?
A: Procedures provide guidelines on how to do a certain activity or project at work. If you email files…
Q: The Onenote Co., which makes a single product, has three plants and four customers. The respective…
A: PlantClient1234Supply1$800$700$500$200602$500$200$100$300803$600$400$300$50040Demand 4060200
Q: When did most people start hearing about the idea of 3D printing
A: 3D printing, also known as additive manufacturing, is a ground-breaking technique that allows…
Q: KFC mobile app ordering system RFP
A: KFC is a well-known fast-food chain known for its excellent fried chicken. KFC continues to give…
Q: Discuss m-commerce and e-commerce's electronic payment system essentials.
A: Electronic networks are used to perform commercial transactions in both m-commerce or mobile…
Q: Oliver Munday has developed the following supply, demand, cost and inventory data (provided below).…
A: When aggregate planning is combined with the transportation method, it involves formulating the…
Q: A Virginia county is considering whether to pay $50,000 per year to lease a prisoner transfer…
A: Amount required for Leasing = FC = $50000Commission per prisoner = S = $75Cost per prisoner = VC =…
Q: a. Assuming that sales personnel are paid on a commission basis, which product should they sell? O…
A:
Q: Examine the process of creating product innovation in a manufacturing organization like Samsung.
A: In today's highly competitive business landscape, product innovation plays a vital role in the…
Q: What are the key challenges in identifying and prioritizing new product or service ideas?
A: Identifying and prioritizing the new product or service ideas is crucial aspect of innovation and…
Q: A Cell Phone Manufacturer is developing a new cell phone and currently has two models under…
A: Answer) The problem given is that a cell phone manufacturer is developing a new cell phone and has…
Q: Which of the following is NOT an example of an automated system? a. Adaptive cruise control systems…
A: Automated systems are systems that require little or no human intervention to operate for their…
Q: It has been found out by many scholars and researchers around the globe that the law of procurement…
A: Public procurement law is critical to the operation of organisations, whether they are for profit or…
Q: How can optimization models be effectively utilized in supply chain management to maximize…
A: Each business should carefully examine their supply chain activities in order to maximize efficiency…
Q: Throughout this course, you have been methodically investigating, analyzing, and proposing solutions…
A: In today's fast-changing world, innovation is the lifeblood of any organisation seeking to expand…
Q: BPMN (Business Process Modeling and Notation) has five core element categories for implementing the…
A: BPMN is a convenient graphical format for visually representing company operations. BPMN is a…
Q: a) What is the expected profit from introducing Model 1 (in $Million)? b) What is the expected…
A: The probability of high demand is 68% = 0.68 The total probability is always = 1 Then the…
Q: Which do you think is more important for a manager: speaking accurately or listening actively? Why?…
A: Communication plays a crucial role in organizations, serving as a backbone for various functions and…
Q: What would you do to increase the utilization of safety net provider services and attract a greater…
A: To increase the utilization of safety net provider services and attract a greater mix of paying…
Q: Why do businesses prefer express contracts to implied contracts?
A: An express contract is a contract formed between parties through a verbal or written agreement that…
Q: Identify the elements in the GROW model and explain how you can use the GROW model in a real-time…
A: The GROW paradigm, which signifies Goal, Reality, Options, and Will, is a popular counseling and…
Q: Do you think that the use of Charts and Graphics is important for a Business Analysis?
A: Business analysis is the process of identifying the needs of a business organization and determining…
Q: Discuss: What would you include on a company-specific dashboard
A: A company-specific dashboard is a useful tool for centralising and visualising key performance…
Q: Instruction: Answer the question comprehensively. What went at the Fyre Festival?
A: The Fyre Festival was a widely publicized and catastrophic music festival planned for April 2017 in…
Q: What impact do you think the chip shortage will have on consumers? How do you think companies…
A: A product shortage is a scenario in which there is an inadequate supply of a particular product to…
Q: Give typing answer with explanation and conclusion Discuss the business environmental considerations…
A: When multinationals decide to expand their operations into new markets, they must carefully consider…
Q: A farmer in the Midwest has 1,000 acres of land on which she intends to plant soybeans. Each acre of…
A: Multi-Criteria Decision Analysis (MCDA) is a subset of Goal Programming (GP), which is in turn a…
Q: - The variance for the activity where To = 4, Tm (c) 25 (a) 0.5 (b) 5 For an activity A, determine…
A: In project management, the critical path refers to the sequence of activities that determines the…
Q: Among the potential outcomes are expanding the scope or introducing new features. Provide some…
A: In the world of management and business, expanding the scope and introducing new features are two…
Q: By emphasizing core competencies when selecting and implementing strategies, companies learn to…
A: Core competencies are the financial assets and abilities that compose a company's strategic…
Q: 5. A company makes two types of products, A and B. These products are produced during a 40-hr work…
A: Suppose- X1 be the no. of units for product A to be makeX2 be the no. of units for product B to be…
Q: How specifically can it be argued that integrating internet technology into a company's operations…
A: The advent of the internet technology and Information Technology has helped the commercial sector of…
Q: a) Describe how this problem can be adapted to the general format of assignment problems. b) Obtain…
A: An assignment problem is a technique to find the combinations of the optimal solution to the…
Q: Choose the stakeholder that is MOST likely to ask the following question. Will the business be able…
A: Here, I would choose an appropriate stakeholder, who will ask questions like whether the business…
Q: subject: Quantitative Analysis For Business Please answer both. 22. Dawn owns a dog day care…
A: Quantitative analysis plays a crucial role in various aspects of business, including finance,…
Q: Develop a job sequence that minimizes idle time at the two work centers. b. Construct a chart of the…
A: Sequencing is an appropriate order of plan as per which the process of operations works. It defines…
Q: 14 ellook References A manufacturer of two products (Widgets and Gadgets) makes a profit of $100 for…
A: The optimum quantity is the level of production or consumption that maximizes overall welfare or…
Q: ou have chosen to undertake your research project following a deductive approach. Examine the…
A: The research approach chosen is critical in influencing the direction and technique of a research…
Q: how do you Examine labor issues related to an industry/organization in real life.
A: The term labor is used for the workers or the human resource of an industry or an organization. They…
Q: Below are four levels of ERP value realization a. printing invoices b. production and inventory…
A: Adopting an ERP (Enterprise Resource Planning) system can provide a firm with tremendous value and…
Q: Susan is a project manager. She encourages her team members to conduct brainstorming sessions before…
A: Centralized Decision Making: According to the scenario, Susan empowers her team members to perform…
Q: The THREE (3) types of business formations are Sole Proprietorship, Partnership, and a Registered…
A: George, a pharmacist, recently received his degree from college, having completed the majority of…
Q: Discuss What strategies can organizations use to ensure effective collaboration between different…
A: Effective collaboration between different departments involved in product or service development is…
Q: Which of the following would not normally operate as a service business? a. Video Rentals b.…
A: Firms that create value by carrying out specific actions are known as service oriented firms. It's…
Step by step
Solved in 3 steps with 3 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Donegal Footwear is an international supplier of outdoor footwear for adventurous families. Currently, the company uses a logistical provider to provide warehouse services and handle packages destined for ground delivery. The contract calls for $9 million in annual fixed charges, which covers the provider’s overhead and warehouse costs, and variable costsof $15 per package shipped. Recently, Donegal Footwear found a warehouse it could lease at a cost of $16 million per year, which includes lease costs, labor, and management oversight. Furthermore, the company found another provider who would deliver packages from the warehouse for $6.00 per package. Considering only costs, how many packages must Donegal Footwear ship to make the vertical integration into warehouse operations beneficial?
- Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-five years, in old rented premises located in the heart of the Barbadian capital of Bridgetown. The company has a flexible labour force of about twenty employees and three directors, only one of whom, namely Mr. Grant, the managing director, is fully active in the business, who wishes to take the business outside of Barbados. Thoughts have been given to launch a small sample on the European market. The company specializes in leisure and swim wear garments for the exotic, high end markets. Their current range consists of tee shirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women and children. The company capacity is 400-500 garments per week, depending on style and continuity of the production run, but additional floor space and machines could be brought in quickly to raise production levels to a maximum of 1000 garments weekly if required. A new…Define the term redeployment? What significance does redeployment have?Following are some of the information on demand and costs of a mobile phone manufacturer: Monthly Sales for previous year were 10,000 Mobile Phones. Overall Market has grown at 15% from the previous year. The company uses a third-party storage solution for keeping its inventory. The charges are Rs. 100/unit. For procuring the raw material company relies on a contractor which provides them a one stop solution and charges Rs. 3000 per order. The actual cost of the raw material is approximately 7000/unit. Using the above given information answer the following questions? What is the Economic Order Quantity for the company? If a working year is 300 days find out how many orders the company will place for the current year and what would the gap between two orders? What will be the total cost of inventory policy for the company? If the delivery lead time for receiving the order is 20 days what should be the reorder point for the company?