Use VAT method to supply out all the stocks
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Three suppliers A, B and C, each produce road grit which has to be delivered to council depots W, X, Y and Z. The stock held at each supplier and the demand from each depot is known. The cost, in pounds, of transporting one lorry load of grit from each supplier to each depot is also known. This information is given in the table.
|
Suppliers |
Depot W |
Depot X |
Depot Y |
Depot Z |
Stock (Lorry Loads) |
|
Supplier A |
180 |
110 |
130 |
290 |
14 |
|
Supplier B |
190 |
250 |
150 |
280 |
16 |
|
Supplier C |
240 |
270 |
190 |
120 |
20 |
|
Demand (Lorry Loads) |
11 |
15 |
14 |
10 |
50 |
- Use VAT method to supply out all the stocks
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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?Ford’s Struandale Engine Plant in Gqeberha (formerly Port Elizabeth), which assembles the 3.0L V6 Diesel engine for the Next-Gen Ranger and the range-topping VW Amarok, uses 900 000 units of a certain component in the production of engines annually. The components are purchased from suppliers at R200 per unit. It costs the Struandale Engine Plant R500 per order and the carrying cost is 5% of the purchase price. Determine the economic order quantity (EOQ) of the component. The current ordering policy at the Struandale Engine Plant is to order 100,000 units of the components every time it places an order with suppliers. By calculating the total annual ordering cost and the total annual carrying cost, evaluate the optimality of the current ordering policy.Determine the saving that can be made by the Struandale Engine Plant if it switches the ordering policy to the EOQ model.After applying the NWC Rule for the initial tableau of the given transportation model, evaluate the vacant cells. What is the cell which has the most negative evaluation value and what is the cell evaluation value? DESTINATION SOURCE DEMAND X Y N OX-R; 1 OY-S; -1 OX-S; -1 OY-S; -2 P 75 8 12 EI 11 Q 80 5 8 11 R 120 7 10 10 S 50 11 13 14 SUPPLY 100 125 100 325
- L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item number 2349 should be classified as Item Code Item number 8210 should be classified as 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Value Dollar ($/unit) Volume Avg. Inventory (units) 400 300 120 75 89223 co 60 30 20 12 7 6 3.75 4.00 2.50 1.50 1.75 2.00 1.15 2.05 1.80 2.00 3.00 1,200 300 105 23 25 14 18 3,372 % of Dollar Volume 35.59 8.90 3.11 0.68 0.73 0 0.42 0.53 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you…Supply Chain Coordination problem Zamatia makes sunglass at a cost of $35 and sells them to UmbraVisage (UV) for $75. UV sells them for $115 and salvages left over inventory for $25 per unit. Demand is Normal with mean 250 and standard deviation 125. a. What should be the optimal ordering quantity for UV? b. What is the total supply chain profit (UV & Zamatia) given the ordering quantity computed in a? c. What should be the optimal ordering quantity to maximize the total supply chain profit (UV and Zamatia)?Which of the following combinations would result inneeding to utilize the largest number of suppliers?a) a high value of S and high value of Ub) a high value of S and low value of Uc) a low value of S and high value of Ud) a low value of S and low value of U
- Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nancy expects demand for music player to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demands for the players for last year was as follows : Month Demand (units) Jan 4200 Feb 4300 Mar 4000 Apr 4400 May 5000 Jun 4700 Jul 5300 Aug 4900 Sep 5400 Oct 5700 Nov 6300 Dec 6000 Question : From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate to Nancy Industries? Why?The company L. Houts Plastics is a large manufacturer of injection- molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items to an ABC classification system? L. Houts Plastics Charlotte Inventory Levels Item Code # Average Inventory (units) Value ($/unit) 3.75 4.00 2.50 1.50 1.75 2.00 1289 2347 400 300 120 2349 2363 2394 2395 6782 75 60 30 20 1.15 2.05 12 7844 8210 8310 1.80 2.00 3.00 9111 6.ABC company supplies parts to a major manufacturer for the production of Item I. Thecarrying amount of the inventory of parts at the end of the fiscal year 2020 is €2,000,000,which was considerably higher compared to the level of inventory of Item I in previousperiods. During January 2021 the manufacturer terminated the production of Item I andstarted the production of Item II. The parts produced by ABC are not interchangeablebetween Item I and Item II. Moreover, Item I cannot be sold to another manufacturer. - Discuss whether ABC should write-down its inventory for the financial statementsof 2020.
- Which product represent cash caw, question mark, dog and star in mtn productsA hospital treating COVID patients needs to buy gloves, gowns, and masks for the health care professionals working at the facility. The hospital has two suppliers who can supply the items. The cost, and the maximum number of each item each supplier can provide is given below: Supplier A Supplier B Gloves (cost, max units) ($0.30/unit, 20,000) ($0.35/unit, 11,000) Gowns Masks ($2.00, ($2.50, 5000) 10,000) ($1.75, 7000) ($2.55, 9,500) The hospital immediately needs 30,000 units of gloves, 5500 units of gowns, and 12,500 masks. To account for the economies of scale in logistics, the Supplier A has a requirement of at least 25,000 units in the order, while Supplier B has a requirement of a minimum order size of 10,000 units and a maximum order size of 20,000. What is is the minimum total cost of order that the hospital needs to pay to the suppliers to get the items?Cryolab Inc makes and sells a lawn fertilizer called Hypergro. The company has developed standard costs for one bag of Hypergro as follows: Standard Quantity/Hours Standard Price/Rate Standard Cost per Bag Direct Material 25 pounds ₱ 0.75 ₱18.75 Direct Labor 0.25 hours ₱69.00 ₱17.30 Variable overhead 0.25 hours ₱24.00 ₱ 6.00 Total ₱42.05 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production on the basis of standard direct labor hours. During January, the following activity was recorded by the company: Production of Fastgro: 23,000 bags Direct materials purchased: 585,000 pounds at a cost of ₱436,250 Direct labor worked: 5,800 hours at a cost of ₱397,300 Variable overhead incurred: ₱140,650 Inventory of direct materials on January 31: 8,000 pounds Compute the variances and indicate whether it is FAVORABLE (F) or UNFAVORABLE (U) in your solution sheet. The raw…