First Printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 11,200 pages of documents. The lead time for paper delivery is normally distributed with a mean of 4 days and a standard deviation of 1 day. A 96% service level is expected. Compute First's ROP. Refer to the standard normal table for z-values. The reorder point is documents (round your response to the nearest whole number).
Q: The management in Unilever plant in Ontario is preparing for a change. The company plans to improve…
A: Research is the aspect of the component of study that deals with generating or expanding new…
Q: 59. What is the purpose of the Monitoring Plan? Tracks the number of defects over time Creates…
A: The Monitoring Plan describes a comprehensive and strategic approach to the monitoring of various…
Q: Your company has just received an order from a good customer contract states that, starting on the…
A: Penalty = $100 per dayIndirect costs = $200 per day
Q: You have been hired as the chief Operations Officer for ABC Company, a company that focuses on a…
A: Production management is the aspect that deals with all the activities and functions of the…
Q: 10. The following two demand sets are to be used to test two different basic exponential smoothing…
A: For each demand set, I will determine the exponential smoothing forecast using the given alpha…
Q: Virginia's Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns…
A: Find the given details below:
Q: What are sources of power that lead to organizational commitment? What sources of power lead to…
A: Power plays an essential role in influencing and affecting worker conduct in diverse organizations.…
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: Find the given details below:
Q: Explain the concept of omni-channel CRM and its significance in today's multi-channel business…
A: Because the business landscape is so everchanging and dynamic, customers will not look at just…
Q: The "full cost view of maintenance" results in more firms choosing a policy of preventive…
A: Financial management is a significant part of running any association, whether it's a business,…
Q: A project has been defined to contain the following list of activities along with their required…
A: The critical path is a fundamental concept in project management, used to identify the longest…
Q: Ocala Software Systems operates a technical support center for its software customers. If customers…
A: Here, the consultant will receive 5 calls/hour and take 7.5 minutes to respond to a customer's…
Q: A process manufactures ball bearing whose diameters are normally distributed with mean 2.505cm and…
A: Mean = 2.505Standard deviation = 0.008Specifications = 2.5+-0.01
Q: In reference to the attached image and data below: Step A we learned: Critical Path = A, B, H, I,…
A: Project management is important because it provides structure and direction towards project control…
Q: I mproving quality of work life improves organizational productivity”. Explain the benefits of…
A: The notion of work-life balance has become crucial in today's ever-changing professional…
Q: The following table gives the number of pints of type A blood used at Damascus Hospital in the past…
A: to find:the forecast for October 12 month using a three-week moving averagethe forecast for October…
Q: As Patrick Sportwear Co. completes plans for its new assembly line in Liverpool, it identifies 30…
A: TaskTime (sec)ImmediatePredecessors1B150-2K424B13K927B14J166B15C212-6J222B17J33C28D56-9G479K4,…
Q: Explain the significance of CRM in improving customer service and support functions.
A: CRM stands for Customer Relationship Management, which is a strategic approach and collection of…
Q: 04-U1D1 – What are the strengths and Weakness of the Administrative Managment Outline the major…
A: Business management attempts to strive for efficiency, which is the art of reducing costs. The key…
Q: How does cultural intelligence fit intothe process of effective leadership?
A: The objective of the question is to understand the role of cultural intelligence in effective…
Q: How do you classify the time for a drill press operator who is idle for a few minutes at the…
A: Operation management is an aspect of management that deals with the management of the production,…
Q: Quick Response is b. C. d. A method of conducting physical inventory A cooperative effort between…
A: Retail strategies are the overall plans formulated by the management of a retail business to attract…
Q: Consider a project to develop a new software inventory system. What are some of the resource…
A: An inventory system refers to the set of processes, tools, and technologies employed by an…
Q: Draw the project’s Gantt chart -First: The project’s Gantt chart needs to be done. -Second:…
A: For each activity, I am given the immediate predecessor data and the duration data, for the given…
Q: Discuss, What tools can organizations use to stimulate creative idea generation among employees?
A: Creative thinking is the aspect of employment thinking that is concerned with the ability of the…
Q: Which of the following describes the activity when the hotel closes available rooms on certain…
A: In the hotel industry, effective room management is crucial for optimizing revenue and ensuring…
Q: Consider the practice of factory farming. What are some of the economic, environmental, and ethical…
A: Factory farming is the aspect of agriculture that is intensive and is made for design to increase or…
Q: 1 2 Samples 31 4 2 5 3 6 4 75 A 8 6 9 7 10 8 11 9 12 10 13 11 14 12 15 13 16 14 17 15 18 15 19 17 20…
A: SamplesObservations123456781119101310119122781296811103139101212111094910881112101051210979121186111…
Q: The supervisor of a manufacturing plant is trying to determine how many of two parts, Part X and…
A: Linear programming helps us to find the optimal solution/best outcome, given the constraintsLet…
Q: Prepare a detailed WBS, Precedence diagram and a Gantt chart showing the critical Path of the…
A: A Work Breakdown Structure (WBS) is a hierarchical decomposition of the total scope of work to be…
Q: What is the EOQ for this item? b. What is the desired safety stock? c. What is the reorder point?
A: NOTE: We are allowed to do first three sub-parts only. Annual demandD3328Setup costCo50Holding…
Q: A manufacturer makes two products, doors and windows. Each must be processed through two work areas.…
A: Work area #1Work area #2Profit (in $)Manufacturing of Doors4 hours2 hours8Manufacturing of windows2…
Q: Golding Landscaping and Plants, Inc. Kenneth and Patricia Golding spent a career as a…
A: Chemical compound Cost per Pound ($)C-300.12C-920.09D-210.11E-110.4
Q: What is a memorandum of understanding (MOU)?
A: A Memorandum of Understanding (MOU) is a formal agreement between two or more parties. It is often…
Q: The Importance of Environment•From the case study, if you had been a customer at the newly…
A: Creating a positive and supportive organizational culture is crucial for the overall well-being and…
Q: Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be…
A: The data is given below:Maroon 5 TV AppearancesDemand for Guitars3346776581057
Q: Why is it important for project managers to understand the strategy of the organization that uses…
A: Project management is the art and science of co-ordinating and leading people in order that they…
Q: The HIM department has two experienced coders and two coders with training but without experience.…
A: Human resource managers help the organization in addressing issues such as solving problems,…
Q: What is the LF for activity g? 06 07 08 09 O 10
A: to find:path of the network diagramthe latest finish for activity ggiven:the activities of a project…
Q: i) Draw a network and find the critical path, what is the expected length of the critical path and…
A: Here, for each activity, I will determine the expected activity time, standard deviation, and…
Q: grocery store manager must decide how to best present a limited supply of popcorn and soda to its…
A: Given data isProfit ($)Available Minimum stockMaximum demand Popcorn1.40120 tins65 tinsSoda2.40140…
Q: Purple Rose is an ATV rental shop located near a resort, which rents out ATVs to guests stay in the…
A: to find:the average amount of time the customer waits for an ATVgiven:number of ATVs arrival rate…
Q: How would you characterize the most important difference for the following issues when comparing a…
A: Good business management facilitates guidance and leadership of the organization toward fulfillment…
Q: (Use the information below to solve Q11 - Q20) Given the following information regarding a project:…
A: to find:paths of the network diagramslack for activity bgiven:the activities of a project with their…
Q: from the scenario below Choose at least two techniques from any Knowledge Area that could be used…
A: Quality management is the aspect of operation management that focuses on the quality improvement of…
Q: It took Niko eight hours to revise the questions for the first test bank, and he knew that he…
A: The objective of the question is to determine the time it would take for Niko to author the eighth…
Q: Suppose that annual demand for a certain item has decreased dramatically this year, although the…
A: Companies usually hold safety stocks to protect themselves against sudden changes in demands and…
Q: What are the trade-offs involved in the decision of how much inventory the firm should carry? In…
A: Inventory management is the process of managing the flow and stocking of goods within an enterprise.…
Q: How did you get the total demand as 640 and why is the anwser 46 can you express it algebraicly
A: -The order quantity that minimizes total annual cost of inventory (TAC)-If we order frequently we…
Q: Tej Dhakar's company wants to establish kanbans to feed a newly established work cell. The following…
A: Productivity is the aspect of the organization that describes the ratio of the input used in work or…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Thomas Kratzer is the purchasing manager for theheadquarters of a large insurance company chain with a centralinventory operation. Thomas’s fastest-moving inventory item hasa demand of 6,000 units per year. The cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. The aver-age ordering cost is $30 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f ) What is the total annual inventory cost, including the cost ofthe 6,000 units?Please do not give solution in image format thanku Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $1 per order, and carrying costs are 40 cents per roll a year. Lead-time is three days. a) Ignoring the demand uncertainty (i.e., looking only at average values), find the economic order quantity (EOQ) and the reorder point (ROP). b) Consider now the uncertainty. The order quantity remains the same. If the target is to have a 99% annual service level, what should be the ROP
- First Printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 11,100 pages of documents. The lead time for paper delivery is normally distributed with a mean of 1 day and a standard deviation of 1 day. A 95% service level is expected. Compute First's ROP. Refer to the standard normal table for z-values. The reorder point is documents (round your response to the nearest whole number). Z-Table Z 0.38 0.50 0.67 0.84 1.04 1.28 1.41 1.56 1.65 1.75 1.88 2.06 2.33 Print Pr(Z) 65 69 75 80 85 90 92 94 95 96 97 98 99 Done - XFirst Printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 9,900 pages of documents. The lead time for paper delivery is normally distributed with a mean of 1 day and a standard deviation of 1 day. A 95% service level is expected. Compute First's ROP. Refer to the standard normal table for z-values. The reorder point is documents (round your response to the nearest whole number).ABC Company placed an order on December 1. It normally receives the order after 9 days. If the company has a normal usage of 10 units per day. What is the re-order point?
- Please do not give solution in image formate thanku Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,900 units per year. The cost of each unit is $98, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 118 units. (This is a corporate operation, and there are 250 working days per year). A) What is the EOQ?B) What is the average inventory if the EOQ is used?C) What is the optimal number of orders per year?D) What is the optimal number of days in between any two orders?E) What is the annual cost of ordering and holding inventory?F) What is the total annual inventory cost, including cost of the 6,100 units?Given Information Service Level - 95% (z value= 1.6649) Order Cost - $125Order Cycle (weeks) - 4, 5, 6, 7, 8Lead Time (weeks) - 2 weeksOperating Time - 52 weeks Standard deviation = 69.3237 Variable Holding Cost - 12.019% Fixed Holding Cost - 1,659,317.307 COMPUTE FOR ECONOMIC ORDER QUANTITY (EOQ) PER ORDER CYCLE. THANK YOUUUUUThomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).a. What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?
- Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?As the Manager of Branson’s Department Store, you are responsible for ensuring that reorder quantities for the various items have been correctly established. You decide to test one item and choose product Z. A continuous review inventory policy has been used, so you examine this as well as other records and come up with the following data: Cost per unit $35 Holding cost 20 percent of unit cost Average daily demand 10 units Ordering cost $30 per order Standard deviation of daily demand 3 units Delivery lead time 4 days Because customers generally do not wait but go elsewhere, you decide on a service probability of 90 percent. Assume that Branson’s Department Store operates 320 days per year. [What is the annual demand (D)? Determine the optimal order quantity, Q*. Determine the reorder point (R) if demand is constant. Determine the reorder point (R) if demand is varies.Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 58,800 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory Total costs units units a-4. What is the total cost of ordering and carrying inventory for second year? LA