Inventory reserve is conceptually similar to ?
Q: Inventory control is not suited for sequential processing by a computer why?
A: Inventory control is a technique of keeping the right inventory in the right place to avoid…
Q: There is high utilization of inventory in chase approach O a. True O b. False
A: Inventory management is a systematic approach to sourcing, storing, and selling inventory- both raw…
Q: snip
A: One way for any organization to know is it can retrieve all its costs and not incurring any losses…
Q: High market complexity and low importance typify a ________ inventory type. Group of answer choices…
A: An inventory could be referred to as any material, items or finished goods stored by a company in…
Q: Jitsmart is a retailer of plastic action-figure toys. The actionfigures are purchased from Tacky…
A: D= 22units/day L=11days a=0.25 stock level= D*L*(1+a) =36*11(1+0.25) =495 units Expressed in…
Q: A logistics company applies the EOQ model to manage its inventory of spare parts used for…
A: EOQ is an ordering technique under which a company orders a determined amount of units and gets to…
Q: Mazoon Company sells 500 units resulting in $150,000 of sales revenue, $50,000 of variable costs,…
A: Find the given details below: Given Details: Sold units 500 units Sales Revenue 150000 $…
Q: High market complexity and high importance typify a ________ inventory type. Group of answer…
A: Inventory management is the management in which stock is sourced, stored, and sell in the market…
Q: What internal control procedure ( s ) would provide protection against the following threats ?…
A: Internal controls are the rules, regulations, and procedures implemented by a company to ensure…
Q: While responding and processing customers’ orders organization have to perform many tasks as…
A: While responding and processing customers orders, Organization has to perform many tasks as…
Q: A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its…
A: Here now solving the first part of the given question
Q: what circumstances would the amount of safety stock held to be large? Small? Zero
A: Safety stock simply is inventory that is carried to prevent stockouts. Stockouts stems from factors…
Q: Suppose we schedule shipments to our customers so that we expect each shipment to wait for two days…
A: Given Lead time = 2 days Throughput = 2000 units/day Unit cost = $4.50
Q: True or false Just in Time Inventory calls for the arrival of inventory when it is not needed?
A: Inventory management is the management in which raw material and finished products are stored and…
Q: In general, N +1 provides a higher level of availability than N + N redundancy. * true or false?
A: N+1 represents the quantity of UPS modules that are needed to deal with a sufficient stockpile of…
Q: Compare and contrast the concepts of order-to-cash cycle time and order cycle time.
A: order-to-cash cycle time and order cycle time
Q: . Sarah’s Organic Soap Company makes four kinds of organic liquid soap: “regular,”“lavender,”…
A: Sarah should produce 7363.636kgs of “regular” soap scent before switching over to another scent .
Q: If I have available inventory, I should accept whatever paying customer comes along. Select one:…
A: provider is an individual or business that gives an item or administration to another element. The…
Q: In the "push" system, products are manufactured and stored as buffers in anticipation of demand.…
A: Choosing a right inventory system for a business is very important. However, it depends upon the…
Q: Resolving inconsistencies between supply and demand must wait until the end of the annual S&OP…
A: Sales and Operations Planning (S&OP) is the interaction by which we unite every one of the…
Q: A strategy where the production rate is set to match expected demand.
A: Lean production can be explained as the approach that focuses or works on eliminating or cutting the…
Q: Explain ‘Inventory Turnover’ KPI. Is high or low value desired for Inventory Turnover? Why
A: Inventory is the term used to refer to the products available for sale and the raw materials used to…
Q: A company wishes to store the following SKUs so there is 100% accessibility. Theitems are stored on…
A: a. The number of pallet positions can be determined as follows: Therefore, a total of 21 pallet…
Q: Explain how the Pareto principle relates to the prioritization of system requirements.
A: The Pareto principle is a well-known concept in business and economics that states that 80% of the…
Q: Discuss the Toss-immediate buffer management strategy with an example.
A: Buffer Replacement Techniques A technique for replacing old blocks in a buffer with new ones is…
Q: The Budd Gear Co. specializes in heat-treating gears for automobile companies. At 8:00 a.m.,when…
A:
Q: Which of the following statements about the just-in-time (JIT) system is true? a. When using the JIT…
A: JIT system can be defined as the form of Inventory management and can be called Just-in-Time…
Q: Which of the following is an advantage of milk runs? O a. Dependence on road conditions O b.…
A: The advantage of milk runs is- d. Reduction in Inventory
Q: Firms keep supplies of inventory to allow flexibility in production scheduling. True or False
A: Scheduling is the way toward organizing, controlling, and improving work and jobs in a…
Q: When calculating the food (and beverage) cost percentage, a handheld device called a __________…
A: Inventory management is one of the process which helps the management of inventory by tracking…
Q: The ROP is an important input in determining the EOQ. True False
A: ANSWER IS AS BELOW:
Q: Services have to be produced and consumed at the same time. This is known as: Select one: a.…
A: Services have to be produced and consumed at the same time. This is known as Inseparability.
Q: Compute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under…
A: Lean is among the most versatile techniques, intending to constantly search for ways to improve all…
Q: Company A grants credit terms of 30 days to Company B. The operating cycle of Company B is 20 days.…
A: The answer to the above question is option C.
Q: Backup stock kept as a buffer is known as safety stock a. True b. False
A: The supply chain is the system of resources, technologies, processes, and employees that help to…
Q: There is high utilization of inventory in chase approach O a. False O b. True
A: A chase strategy entails matching demand and capacity time by time. This could outcome in a…
Q: The Japanese philosophy that focuses on continuousimprovement.
A: Sustainable development is the development to meet current needs without compromising the ability of…
Q: Capacity is the degree to which input resources are physically changed by the conversion…
A: Production in business is the process that has role of converting raw materials into final product.…
Q: except…. A. Value added B. Conversion C. Consumables D. None
A: Transforming resources are clearly defined and encompass all structures, equipment, hardware and…
Q: The average monthly demand requirement =| units. (Enter your response as a whole number.) %3D
A: Inventory is the raw materials and resources that help the business to manufacture the finished…
Q: time
A: The management is the responsible persons in the organization to accomplish the goals, and…
Q: Reserve capacity is a genieral consideration for any manufacturing or service enterprises. Which…
A: Answer is option:
Q: In the replenishment area, sales and order forecasts are needed to be performed and shared. Select…
A: Statement: In the replenishment area, sales and order forecasts are needed to be performed and…
Inventory reserve is conceptually similar to ??????
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- Can you try to make a inventory system level 1 diagram exploded version but aligned with this context diagram that I would send1. Which of the following quantities has no effect on the first period’s ATP calculation? a) Current on-hand Inventory b) Booked customer orders for the first periods c) MPS quantity for the first period d) Forecasted demand for the first period 2. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount to minimize the amount of average inventory? a) Periodic order quantity (POQ), WITH P=2 b)Fixed order quantity (FOQ) c) Economic order quantity (EOQ) d)Lot for Lot (L4L). 3. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In…Opportunity costs are relevant to which of the following decisions? Whether to accept a special order when capacity is limited Whether to makeor buy a product No Yes No No Yes No Yes Yes
- There is high utilization of inventory in chase approach 1)False 2)TrueInstruction: Answer what is being required. You may compute them manually or use the Excel QM.Pencil number 2 at the campus book-store are sold at a fairly steady rate of $60 per week. It cost the bookstore $12 to initiate an order to its supplier and holding costs are $0.005 per pencil per year.Determine◦ What is the optimal number of pencils for the bookstore to purchase to minimize total annual inventory cost?◦ How many Number of orders per year?◦What is the The length of each order cycle?◦ How much is the Annual holding cost?◦ How much is the Annual ordering cost? ◦ What is the total annual inventory cost?If the order lead time is 4 months, determine the reorder point.Please Illustrate the inventory profile graphically.What additional cost would the book-store incur if it orders in batches of 1000?The definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.
- For two new output products, the manager must set up inventory purchasing systems, P34 and P35. P34 can be ordered at any moment, but only once every four weeks can P35 be ordered. The corporation runs 50 weeks a year and the weekly utilisation rates are usually allocated on both pieces. The manager has collected the following documents. Point P34 Point P35 Average weekly request 60 units Seventy units Deviation from norm Four units a week Five units a week $15 $20 per unit. The expense of annual keeping is 30% 30% of the Price $70 to order $30 30 2 weeks lead period 2 weeks Acceptable stockout chance 2.5% 2.5% A. When can each object be reordered by the manager?Subject: Logistic management Q): What are the 2 approaches of BPR for implementation, give example? Q): What are the types & category of inventory management?CYCLE COUNTING AT COLE’S TRUCKS, INC. Cole’s Trucks, Inc., a builder of high-quality refuse trucks, has about 5,000 items in its inventory. Itwants to determine how many items to cycle count each day. APPROACH c After hiring Matt Clark, a bright young OM student, for the summer, the firm deter-mined that it has 500 A items, 1,750 B items, and 2,750 C items. Company policy is to count all A items every month (every 20 working days), all B items every quarter (every 60 working days), and all C itemsevery 6 months (every 120 working days). The firm then allocates some items to be counted each day.
- Inventory control is not suited for sequential processing by a computer why?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?601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…