Transport Yield Management aims to maximize profit in the context where the transport supply is fixed. Would you advise the long transport bus operators for road transport to set their prices following the yield management strategy during the festive seasons, just like the airline industry is doing? Justify your answer
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Transport Yield Management aims to maximize profit in the context where the transport supply is fixed. Would you advise the long transport bus operators for road transport to set their prices following the yield management strategy during the festive seasons, just like the airline industry is doing? Justify your answer
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- One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 300,000 parts in year 1; 500,000 in year 2; and 700,000 in year 3. Shipping and handling of parts from the supplier's factory is estimated at $0.03 per unit. Additional inventory handling charges should amount to $0.004 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.04 per unit. Direct labor is estimated at $0.05 per unit for wages plus a 50 percent surcharge for benefits and, indirect labor is estimated at $0.013 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are…The MaskMake Company manufactures a variety of masks for the healthcare professionals around Ireland. Company vans are used to deliver local orders directly to retail outlets. When their business was small, the drivers of the vans were free to take routes of their choice as they made the delivery rounds to the retail outlets. However, as the business has grown recently due to the outbreak, transportation and delivery costs have become significant. In an effort to improve the efficiency of the delivery operation, MaskMake management would like to determine the shortest delivery routes between retail outlets. For example, the following network shows the roads (distance in km) that may be taken between a retail outlet at node 1 and a retail outlet at node 11. 3 3 6 10 11 6 4 10 1 7 4 2 4 10 Determine the shortest route for a van that is currently at node 1 and must make a delivery to node 11. 2. 3.
- Rephrase the following supply chain thesis with synonyms.. According to Talib et al. (2011), total quality management (TQM) has been widely accepted as the management process that helps organizations within different sectors to deal with the rapid changes in business environment. Escrig-Tena (2004) recognized that TQM is an globally advanced approach to achieve better levels of quality products and services which, in turn, results in better organizational performance. However, reviewing recent TQM literature highlights two problematic issues regarding the relationship between TQM practices implementation and organizational performance: First, the differences between manufacturing and service organizations with respect to the effect of quality management practices on business performance (Rönnbäck and Witell, 2008). Yasin et al. (2004) and Gupta et al. (2005) noted that implementing TQM practices in service industries is not always as successful as they are in manufacturing…Mike Larry is the Procurement manager at Coastal Supplies CC supplying general goods to the coastal towns. For some time, there stock levels have been low compared to the demand. Mega Wholesalers is offering to start supplying bulk goods to Coastal Supplies CC. As the procurement manager, Mike Larry has to make a decision to buy from Mega wholesalers. Note that the decision to buy or not to buy rests on Larry alone. How should Larry go about to decide?The Tavern Restaurant in State College, PA, has decided to perform a total cost analysis on its suppliers of Ultra-Pure Mount Nittany Sparkling Water. Consumption is currently 6,000 bottles per year. Demand is predicted to stay at that level for the next few years. The current source, United, charges $10.50 per bottle and can pack 335 bottles in a crate. The cost to ship the crate is $25. Another potential source of this product is National. National charges $10.25 per bottle and ships 300 bottles in a crate at $38 per crate. Assume that a partial crate may be purchased, and shipping is prorated. Which supplier is offering the better total delivered cost and what is the savings vs. the other supplier (closest answer within $10)? Group of answer choices United: $575 National: $1,325 National: $1,190 United: $1,010
- Consider the below excerpt of a spend analysis conducted by Toyota South Africa regarding their raw material category. Make two recommendations for improvement to their raw materials category.Supplier Category: Raw materials Total spend per supplierAuto Parts SA ZAR 40,000,000Safe Brake SA ZAR 20,000,000LUK Repco SA ZAR 10,000,000HOLTS Rad SA ZAR 5,000,000BEHR Ech SA ZAR 5,000,000Large trucks are an important piece of the logistics chain. However, there were 333,000 large truck crashes in 2012, resulting in almost 3,800 fatalities, the majority being drivers or passengers of other vehicles, not the truck driver. One accident in 2014 caused a public uproar when a Walmart truck driver fell asleep at the wheel after being awake for 24 hours and crashed into another car, killing one person and critically injuring others, one being a well-known comedian. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration enacted tougher hours-of-service rules that went into effect in July 2013. One report claimed that the industry would lose $1 billion in lost productivity as a result of these rules, while another concluded the industry would realize almost $500 million in benefit from reduced driver mortality. The new rules have caused considerable controversy and have caused hardships for drivers. As one driver put it, “If the wheels aren’t…2 Read the given scenario and explain logistics operations involved in it. You need to evaluate on these key points. Maximum length of this answer is 250 words. (Marks-05) The role of logistics in the context of successful supply chain Discuss time utility and place utility in the context of above scenario Evaluate drivers of logistics for the same Discuss the mode/modes of transportation you find in the given scenario. A Rose Is a Rose, but Only If It Is Fresh Supply chains for food and flowers must be fast, and they must be good. When the food supply chain has a problem, the best that can happen is the customer does not get fed on time; the worst that happens is the customer gets food poisoning and dies. In the floral industry, the timing and temperature are also critical. Indeed, flowers are the most perishable agricultural item—even more so than fish. Flowers not only need to move fast, but they must also be kept cool, at a constant temperature of 33 to 37 degrees. And they…
- The concept of Supply Chain Management (SCM) emphasizes co-operation and collaboration among the firms within a given supply chain. The essence of this concept is that when the firms in a supply chain collaborate, it leads to a win-win situation, i.e. all firms will gain.’ (Van Der Heijden, 2009). Discuss the implications of this statement and how this ‘win-win situation’ can be achieved.(course hero)Determine the supply chain of an item that can be purchased through the Internet and identify a company that manufactures or retails this item. What revenue model is this company using for e-commerce?The Concept of supply chain Management (SCM) emphasizes co-operation and collaboration among the firms within a given supply chain. The essence of this concept is that when the firms in a supply chain collaborate, it leads to a win-win situation, i.e all firms will gain. (Van Der Heijden, 2009). Discuss the implication and how this win-win situation can be achieved.