What is the smallest discount (new discount price), that ACME needs to offer BAKER to make it economical to purchase 4500 units next time?
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- PHL Manufacturing assembles security monitors. It purchases 900 black-and-white cathode ray tubes per month at $80 each. Ordering costs are $30, and annual carrying costs are 25 percent of the purchase price. - a) Determine the optimal quantity (4 points) - b) Find the total annual cost of ordering and carrying the inventory (2 points) - c) If the supplier offer a price of $79 per tube for ordering 1200 tubes in a lot, would you evaluate and advise PHL to take advantage of the offer?A material manager adopts the policy to place an order for a minimum quantity of 500 of a particular item in order to avail a discount of 10 percent. It was found from the company records that for last year 8 orders were placed each of size 200 Nos, ordering cost is ksh 500 per order. Inventory carrying charges at 40 per cent cost unit is ksh 400. (a) Show whether the purchase manager is justified in his decision (b) What is the effect of this decision on the companyACME Company is a big supplier that wants to make it difficult for new suppliers to take sales away from its important customer BAKER. Currently ACME sells BAKER 10,000 units yearly at a cost of $75.75 per unit. And BAKER is placing orders of EOQ. ACME wants BAKER to increase the size of its next order to 3500 units by offering a price discount. Ordering costs are $320 per order and holding cost is 20% of item value. What is the smallest discount (new discount price), that ACME needs to offer BAKER to make it economical to purchase 3500 units next time? O 68.13 O 66.65 O 70.35 74.05 O 71.83 0 0 0
- Calculate total annual cost for the alternative suppliers for aproduct with following characteristics: montly demand; mean: 5000, standard deviation 2000 Holding cost: 30% Cycle service level: 98% Using EOQ formula, find the lot size. Don’t forget to add ordering cost to the total cost! Supplier 1 Supplier 2 Supplier 3 Ordering Cost(per order ) 1000 2000 5000 Cost 10 9 8 Average Lead Time ( month ) 0.5 2 2 Lead time std deviation ( month ) 0.5 1 2Unreliability of vendors leads toa. Production uncertainty.b. Process uncertainty.c. Demand uncertainty.d. Supply uncertainty.X Ltd buys & uses a component for production at 10/piece Annual requirement is 2000 pieces. Carrying cost of inventary is 10% per annum & ordering cost is 40/order. The purchase manager proposes that a single order to be placed for the entire annual requirement. If X Ltd order 2000 piece at a time we get a 3% discount. Evaluate this proposal & make your recommendation
- B). As an inventory manager, you must decide on the order quantity for an item. Its annual demand is 679 units. Ordering costs are $7 each time an order is placed, and the holding cost is 10% of the unit cost. Your supplier provided the following price schedule. Quantity Price per Unit 1 - 100 $5.65 101 - 350 $4.95 351 or more $4.55 What ordering-quantity policy do you recommend?Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 200 pounds per month of the chemical, estimates the holding cost to be £3.33 (because of spoilage), and estimates order costs to be £10 per order. What quantity should be ordered, and which supplier should be used? Discuss factor(s) should be considered besides total cost.Your widget factory requires GWium for polishing. GWium is expensive but worth it and a little goes a long way. Each widget requires 0.1 ounces of GWium to produce. Your supply contract enables you to buy 10,000 ounces of GWium per day for $30/ounce. This is a good deal; the market price is $40/ounce. Total cost of other materials and labor (excluding GWium) is $2.25/widget. You sell to a wholesaler, who buys all widgets you produce at a non-negotiable price of $6.25/widget. Which of the following are true. A. Selling the widgets is a much better course of action than selling the GWium B. Selling the GWium on the open market is a much better course of action than making the widgets O C. You could produce 100,000 widgets per day D. Both A and B E. Both B and C
- Great Skin Corporation tries to acquire sehlf space in major supermarkets, (SM, Robinsons, Rustans supermarket) because its target market (young women) frequently shops there for skincare and haircare products. Great Skin Corporation move refers to which of the 4P's?PriceProductPromotionPlace PersonnelPlease do not give solution in image formate thanku. Demand for Bluetooth headphones at Gator Electronic (GE) is 5,000 per month. Holding cost is 25 percent and the company incurs a fixed cost of $500 for each order placed. The supplier offers an all unit quantity discount with a price of $200 per headphone for all orders under 1,000, a price of $195 for all orders of 1,000 or more but under 2,000 and a price of $190 for all orders of 2,000 or more. How many headphones should GE order per replenishment? The supplier offers a marginal unit quantity discount with a price of $200 per headphone for all orders under 1,000, a price of $195 for all orders of 1,000 or more but under 2,000 and a price of $190 for all orders of 2,000 or more. How many headphones should GE order per replenishment?1. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the EOQ. 2. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total carrying cost. 3. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total ordering cost. 4. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the number of orders required per year. 5. Minmax Processing Company has an average requirement of 5 boxes of…