How to calculate the estimated yearly demand?
Q: What is the difference between dependent and independent demand?
A: Demand refers to the desire of the consumer to buy a good or service. It depends on many factors…
Q: Elkay Plumbing Product Division : what strategic decisions, if any, which would be improved by…
A: A business strategy can be referred to a set of guidelines formulated to reach a specific business…
Q: Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at…
A: given, annual sales = 56 million next year increase annual sales = 31% turnover 8 times
Q: Explain SUPPLY BASE OPTIMIZATION?
A: Supply base optimization is a strategic initiative to reduce the number of limited-use suppliers.…
Q: Demand for a product Z at a price of $p per item is given by D (p) 250 – 0.1p? - p thousand items…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Donegal Footwear is an international supplier of outdoor footwear for adventurous families.…
A: Given that, Option-1 has fixed cost of 9 million and variable cost of 15 per package Option-2 has…
Q: Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats…
A: This problem can be solved using the concepts of newsvendor problem. Cost of overbooking = $2200…
Q: Demand history for the past three years is shown below. Year Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
A: A seasonal index is an index value assigned to each period of the time series within a year that…
Q: Given an aggregate demand for eight periods are expected to be 400, 300, 600, 600, 500, 40 500 and…
A: a) The system capacity as per the hiring/firing strategy is as follows:
Q: Demand for products or services can be broken down into how many components and explain the…
A: Demand for goods and services can be broken down into six components. These six components are as…
Q: Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current…
A: Given data; % Sales 140000 100 Cost of material 70000 50 Production cost 28000 20…
Q: Explain what the hybrid aggregate plan is and why it isused.
A: A hybrid aggregate plan is nothing but a technique that uses a combination of level and chase…
Q: Cost tradeoff exists between transportation and inventory Select one: a. True b. False
A: Compromises are compensatory trades between the expansion of some coordinations costs and the…
Q: Under what type of demand is yield management most effective?
A: The basic concept of yield management is to maximize revenues by allocating the appropriate type of…
Q: REQUIRED: Perform analysis for the Ocobee River Rafting Company to determine which alternative would…
A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: Production Strategy of Ilocos Norte Electric Cooperative Production Location Inventory Method Use…
A: So we can say that where I think Ilocos Norte is the biggest wind farm in the Philippines and the…
Q: Effective Demand Management in a NATURAL RESOURCES/MINING COMPANY
A: Great treatment of market demand information is one of the most crucial ideas in any supply chain.…
Q: HB Corporation in Delaware, U.S., makes and sells a single product. The company operates a standard…
A: Absorption costing and marginal costing are two important methods used in costing methods used to…
Q: Define the term Fluctuating Demand?
A: In general terms, demand is all about the ability to pay and the desire to consume a specific…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression technique is used for solving questions involving a trend, preferbly
Q: Define POTENTIAL DEMAND?
A: Demand is the quantity of a commodity that a consumer is willing to purchase at each possible price…
Q: Explain how lead times and forecast errors affect supply chain performance?
A: The supply chain is one of the most critical logistical performance KPIs to monitor continuously.…
Q: Define the term Joint Demand?
A: Because of the forces of demand and supply of a product, goods are purchased or sold at a particular…
Q: Discuss the appropriate Supply chain Push Pull strategy to be used for. And explain for each point…
A: THE ANSWER IS AS BELOW:
Q: What is FR(N)? How is it calculated? How are FR(N) and MTBF related?
A: Answer: In the domain of reliability management, FR means failure rate of products which is…
Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…
A: Following is the model in Excel: Formulas used:
Q: How to Managing the Supply Chain to Achieve Schedule, Cost, and Quality Goals.
A: The supply chain is defined as a link or connection between the suppliers and the organizations to…
Q: MAS is a Logistics Company located in Muscat as a part of supply chain services to provide a fast…
A: Logistics is the overall process of managing and coordinating how the resources can be acquired,…
Q: Cyberphone, a manufacturer of cell phone accessories,ended the current year with annual sales (at…
A: Formula:
Q: What are the factors responsible for the shift in quantity demand?
A: Intelligent software is used to evaluate and comprehend current and planned marketing initiatives,…
Q: What was Tinker's inventory turnover during 2020?
A: Cost of Goods Sold: 2019 = $ 770,0002020 = $ 750,000 Inventory: 2019 = $ 208,0002020 = $ 188,000
Q: Explain Elastic demand?
A: The elasticity of demand refers to the responsiveness of a quantity demanded of a good to change in…
Q: When used for services rather than production, how does the aggregate preparation mechanism differ?
A: Aggregate preparation refers to the method of creating, reviewing, and managing a broad and…
Q: Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at…
A: a. Current year annual sales = $48 million Inventory turned over = 6 times Next year increase in…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: This question is asked about performing the linear regression analysis, I need to estimate the…
Q: Yuki sells rose flower pots. She gets the pots from Lazada. The price he paid for 6 pots is…
A: Solution is as follows
Q: Access a major vendor of business software, such as SAPor Oracle. Read about their demand…
A: Demand Management can be defined as the process of supply chain management that helps in balancing…
Q: Define Dependent Demand?
A: Demand is described as a principle in economics that highlights the desire of customers or consumers…
Q: The Larkspur Furniture Company needs a new grinder. Compute the present worth for these mutually…
A: The answer is as below:
Q: Can you think of other attributes that might be associated with SUPPLY SCHEDULE?
A: Supply management manages the flow of goods and services from the movement of raw material to…
Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…
A: Various components to consider while surveying an age sum fuses probability of an incident ,…
Q: A contractor of fast food giant failed to deliver the expected output of an inventory system…
A: When the contractor of fast food have failed to deliver the expected output due to inventory…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Y = 3,676.67 + 192.31(X) In January = 3,676.67 + 192.31(1) = 3,868.98 units In February = 3,676.67…
How to calculate the estimated yearly demand?
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- 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?What is aggregate demand forecast?Define POTENTIAL DEMAND?
- Why are production planning and capacity planning important in Supply Chain Management? and provide scenario examples.State an example of industries where the demand forecasting is dependent on the demand of other products ?Discuss the concept of demand variability and how it impacts the effectiveness of the Wilson approach. What strategies can be employed to mitigate the effects of demand variability in this approach?