What does a decrease in inventory days tell us?
Q: 12. Your company assembles five different models of a motor scooter that is sold in specialty stores…
A: The total cost of ownership refers to the total cost incurred in the procurement of the products,…
Q: How the employees effectively handle a Heavy workload?
A: Organizations usually come across tons of work and they have to complete the tasks on time with…
Q: Just-in-time manufacturing has become more popular because companies can cut costs associated with…
A: Potential Risks of Just-in-Time Inventory Lack of Preparedness: A lean framework must be…
Q: Find the shortest-route distance from Chicago to node 6.
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: 7.Which of the following is one of the limitations of exporting that leads companies to prefer FDI…
A: Ans) Exporting is defined as the sending goods to another country for sale. In this companies…
Q: The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements…
A: Find the Calculation methods below: Average Monthly demand = Total DemandNo. of monthsOutput…
Q: Rocky Mountain Tire Center sells 13,000 go-cart tires per year. The ordering cost for each order is…
A: Optimal order quantity is the economic order quantity . It is allow the firm to optimize the…
Q: A well-known coffee shop sells about 300 gallons of its most popular product each week. The…
A: The (s, Q) policy is a continuous review system in which the order is placed when the inventory…
Q: All of the following costs are likely to decrease as a result of better quality EXCEPT: A.scrap…
A: A. Scrap costs:- The cost for which the fixed asset can be sold after full depreciation. If the…
Q: An ?̅ control chart with three-sigma control limits has UCL = 48.75 and LCL = 42.71. Suppose that…
A: Given that: UCL = 48.75 LCL = 42.71 Standard deviation = 2.25 Remember the formula: UCL = μ + (3*…
Q: The production process shown below consists of five stages. The numbers in parentheses are the times…
A: Given data: The Demand rate is = 38 units per hour The utilization rate = 90%
Q: Letz Products has two decisions to make, with the second decision dependent on the outcome of the…
A: Expected payoff at chance node = Probability 1 X Expected payoff event 1 + Probability 2 X Expected…
Q: Tesla Corporation has three different factories (A, B and C) where they make Premium Electric…
A: This is a special model of transportation where goods/services are supplied/provided to the ultimate…
Q: quality management facilitate the operation management ?
A: Operation management is the term used to describe the methods used by businesses to maximize…
Q: When Mikayla decided to open a café, she had to decide how much seating she should have in her café…
A: Creating a strategy for designing and manufacturing a particular good or service is known as…
Q: Consider the following data for a dependent variable y and two independent variables, xz and x X2 y…
A: Formulae used: Intercept “a” & the slope “b” can be calculated as: Intercept (a)= (Σy)(Σx2) -…
Q: 6. Optimal Production For the three standard products (A, B and C) a machine is necessary. Its…
A: Given data is Product A B C Capacity (min) 15 5 8 Production capacity 3500 3000 5000…
Q: Your company assembles five different models of a motor scooter that is sold in specialty stores in…
A: Find the Calculation methods below: Total Cost = Annual Purchase cost + Tooling cost + Carrying cost…
Q: The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three…
A: Find the Calculation methods below: Week 1 2 3 4 5 6 7 8 9 10 Gross Requirements 30 50 6…
Q: The results of inspection of DNA samples taken over the past 10 days are given below. Sample size is…
A: Formulae used: UCLp = P + 3(Sp) LCLp = P - 3(Sp) P =∑npn Sp=P -× (1-P)n
Q: 2 purposes of outsourcing by Lam & Han (Discuss in 1-2 sentences each item below, use a simple…
A: The business practice of hiring a third party to provide services or produce goods that were…
Q: (b) Build a model to minimize the transportation cost of a logistics system that will deliver…
A: Given data is
Q: You have developed the following simple product structure of items needed for your gift bag for a…
A: Given data: Requirement of end item (J) = 200 (Forecast) units of K= 1 units of L = 5 units of M =…
Q: Average demand = μ = 350 Standard deviation of demand during lead time = OLT = 10 kits 5% stockout…
A: Reorder point is the minimum level of inventory established by an organization that is also a signal…
Q: 12units (round your response to the nearest whole number) a) What is the optimal size of the…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Explain the 4 basic processes of Project Procurement Management
A: Procurement in project management refers to the procedure of purchasing, renting, or employing…
Q: he machinery limits the number of bags produced to at most 1000 per week. If the company has a…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Advise the new junior salesman as to what globalisation is.
A: Globalization is the umbrella word for the method through which goods and people flow beyond…
Q: 3. To be eligible for the leadership training program offered by the office, a student must have at…
A: The 'IF' function is used to make logical comparisons and the 'OR' function is used to expand the…
Q: The following table shows the actual demand observed over the last 11 years:…
A: Exponential smoothing is the forecasting method which is calculated with following formula:- Ft+1 =…
Q: How many containers are needed? (Round up your answer to the next whole number.) Number of…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Based on the given information related to costs for each of the options, the crossover point for…
A: Given, Annual availability of rooms = 50 rooms for 365 nights = 50*365 = 18250 rooms Inhouse:…
Q: The VBO grocery store has a checkout counter with a full-time cashier. Customers arrive randomly…
A: The store has a checkout counter with a full-time cashier. This means this is a single-server model.…
Q: Hart Manufacturing makes three products. Each product requires manufacturing operations in three…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Patel and Associates, Inc., is an accounting firm that has three new clients. Project leaders will…
A: (a)
Q: The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three…
A: Gross requirements are the entire amount of a good or service required to satisfy customer demand.…
Q: feel the current system of global supply chains is sustainable? why or why not?
A: The sustainability of their supply chains is starting to become more and more of a priority for…
Q: A manager is simulating the number of times a machine operator stops a machine to make adjustments.…
A: I am not providing an explanation for the answer because It was already calculated in the given…
Q: Sarah and Jennifer have just graduated from college at the University of Washington in Seattle and…
A: A minimum distance problem tends to seek minimum distance via only 1 route.
Q: Using Johnson's rule for 2-machine scheduling, the sequence is: Scheduled Order Job C A F D B E 1 2…
A: Given-
Q: Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of…
A: Given- Annual Demand (D) = 1000 units For plan A: Ordering cost (S)=40 per order Holding Cost (H) =…
Q: Rocky Mountain Tire Center sells 13,000 go-cart tires per year. The ordering cost for each order is…
A: Economic order quantity is the optimal quantity that company orders to fulfill the customers' demand…
Q: The figure below shows the possible routes from city A to city J as well as the time (in minutes)…
A: Compute the minimum time taken by formulating a spreadsheet as shown below:
Q: 1.Network representation? 2.Critical path? 3. Non critical activities?
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Boardwalk Electronics manufactures 300,000 circuit boards per month. A random sample of 7,000 boards…
A: Given data: Random sample = 7000 boards Defects in one characteristic = 6 Defects in other 5…
Q: c. Maximize z = X₁ + X2 Subject to Primal 2x1 + x₂ = 5 3x1 - x₂ = 6 X₁, X2 unrestricted Primal in…
A: Dual is a the linear program which convert primal program into dual program. In the dual program,…
Q: How many arcs will the network have?
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Given the following product structure, master production schedule, and inventory status below and…
A: Given information is Period 8 9 10 11 12 Gross req of A 100 60 160 Gross req of H 90…
Q: what is linear programming, explain all the important aspects of linear programming.
A: Today, optimization is a need. This entire universe is based on the idea of optimization. It is used…
Q: Please give fast answer. And give typed answer. I wil give positive rating. Economic Production…
A: Given data: Annual demand(D)= 50,000 units Production per day(P) =600 units Holding cost (H)= $1.00…
What does a decrease in inventory days tell us?
Step by step
Solved in 2 steps
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.What is an inventory model, and how does it work?Explain the inventory life cycle phases and why it is crucial to identify them accurately.
- Analyze inventory using the Pareto principle.Discuss why inventory is an important consideration for managers. Be sure to provide examples to illustrate your understanding of these concepts.Define the term "inventory turn" and discuss why it is an important indicator of an organization’s profitability. Give an example of an item that would have a fast turn and a slow turn.