Discuss the following statement: Supply management not only buys parts or servicesfrom suppliers—it often buys a supplier’s current and future performance capability.
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Discuss the following statement: Supply management not only buys parts or services
from suppliers—it often buys a supplier’s current and future performance capability.
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- Term used to describe demand that can be accuratelycalculated to meet the need of a production schedule,for example.It has been mentioned that there should be a match of supply and demand in a company that produces spare parts.Department A can produce parts at a rate of 80/day.Department B uses those parts at the rate of 10/day.Each day unused parts are added to inventory.At what rate does inventory of unused parts buid up?Calculate the market equilibrium level of price and quantity for housing unit? Calculate price elasticity of demand using point elasticity method when the construction industry is in equilibrium and interpret the result? Qd = 25000-2P Qs = 10000+1p
- If market price is $1000, see images below:Qd= 25000-2p Qs= 10000-1p Calculate the market equlibrium level of price and quantity for housing unit? Calculate price elasticity of demand using point elasticity method when industry is in equlibrium?If A New Breakthrough in Manufacturing technology reduces the cost of producing Blu-ray Players By Half what Will Happen to supply of blu-ray players
- A restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)A manufacturer can produce a gizmo at a cost of $6 apice. He sells this gizmo for $10 ,and at this price 10 gizmos are sold each day. The manufacturer figures that each $3 dollars decrease in price will sell 3 additional goods each day. Write out the Demand and Profit functions. What price xmaximizes profit?Question 2 A university is planning to install many mini steel structures within the campus. Three companies have provided their quotation to get the job with below variable and fixed cost. For up to 20,000 units per year, determine what ranges of supply (annual supply) each quotation would be suitable. Provide justification of your answer. Quotation A: has annual variable cost $20 with annual fixed cost $100000 Quotation B: has annual variable cost $5 with annual fixed cost $200000 Don't ignore any part all part work u
- Optimal Price For a certain product, the linear demand curve is described by the equation, Quantity = 10,528 - 474 * Price. Variable cost to manufacture this product is $8 per unit. Calculate optimal price for this product. (Rounding: penny.)Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research department has derived the price-demand equation as p = 60 -0.02x where x is the number of tapes that can be sold at $p per roll of tape. (d) If the current price changes by 10%, what will be the approximate percentage change in demand? (e) Find the price at which a percentage change in price produces the same percentage change in demand.Bill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).