Who is responsible for generating raw material requisition?
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Who is responsible for generating raw material requisition?
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- Where are the purchases of raw material entered/recorded and how are materials stored?What are the key factors that determine the optimal inventory level for a manufacturing company?b) As a local car manufacturing company, illustrate the various types of inventory flowing through the supply chain from the supplier up to the end customer.
- Define the supply chains for the following products from the first source of raw materials to the final customer:a. Big Macb. Gasolinec. Automobile repaird. A textbookOutsourcing is a popular supply chain strategy. Discuss the reasons for and against an organization outsourcing its production processes.Create a value stream map (VSM) of this supplychain. What other information is needed?
- Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $28,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $33,000 so he can obtain the bank's approval for the loan. Current Situation Sales $140,000 Cost of material $70,000 (50%) Production costs $28,000 (20%) Fixed cost $14,000 (10%) Profit $28,000 (20%) Part 2 a) What percentage improvement is needed in the supply chain strategy for profit to improve to $33,000? What…Describe the supply chain, in general terms, for McDonald’sand for Toyota.Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bank's approval for the loan. Current Situation Sales Cost of material $100,000 $45,000 (45%) Production costs Fixed cost Profit $25,000 (25%) $15,000 (15%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a $20,000 profit? A decrease of 11.1 % in material (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of $40000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)