Question this should be a simple issue you know that our, Ask an Expert

Management Studies

Question: "This should be a simple issue. You know that our average weekly sales are $2,000 and the flow time is one day. Surely with this information, you should have no problem maintaining an inventory level of $200 to serve the sales." With these words, the director of finance leaves your office. Now, you have a challenge before you-that of determining whether the analysis carried out by the director makes sense.

a. Using Little's Law, determine anticipated flow time and compare it with the expected flow time.

b. Keeping the flow times and throughputs constant, determine if the process as currently described can be supported by $200 of inventory. If not, what options should you consider?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92757696

Have any Question?Write your Review or question?

Related Questions in Operation Management

Do you think that tata motors will be able to maintain a

Do you think that Tata Motors will be able to maintain a competitive edge based on price? If so, what will happen if other car markers match the Nano's low price? Do you think the Nano will succeed in India or around the ...

1 the current equipment allows your production line to

1. The current equipment allows your production line to assemble 1760 widgets per day with a takt time of 4.00 minutes. A vendor is proposing their new equipment which would allow you to assemble 2120 widgets per day. Wh ...

A manufacturing company has a pool of 50 labor hours a

A manufacturing company has a pool of 50 labor hours. A customer has requested two products, Product A and Product B, and has requested 15 and 20 of each respectively. It requires 2 hours of labor to produce Product A an ...

1 which of the following statements is truea attitudes are

1. Which of the following statements is true? a. attitudes are ingrained; something that a person is born with and that cannot be changed b. attitudes are hypothetical and not of real significance c. attitudes are not in ...

A michigan state law requires the use of snow tires if more

A Michigan state law requires the use of snow tires if more than 4 inches of snow falls per hour. Paul, an Illinois driver owns a car where snow tires cost $1000 per tire so Paul decides not to purchase them. Last month ...

1 discuss medicaid program restructuring in nys identify

1. Discuss Medicaid program restructuring in NYS. Identify the goals associated with this restructuring and describe the impact upon the beneficiary and the health care sector. Under what circumstances would you expect a ...

Spotlight on mcdonalds-food labeling tob mcdonalds corps

Spotlight on McDonald's-Food Labeling. tob McDonald's Corp.'s Happy Meal meal selection US consists of an entrée, a small order of french fries, ing '24 Fai a small drink, and a toy. In the early 1990s cDonald's began to ...

Most employers fight against unionization in their

Most employers fight against unionization in their organizations, believing that unions and collective bargaining will drive up the cost of wages and benefits. This would cut into the organizations profits and potentiall ...

1 alliances sometimes makes more sense in the heads of ceos

1. Alliances sometimes makes more sense in the heads of CEO's than their customers. Can you think of one? Make the case why this wasn't the best idea. 2. Cause and Effect diagram. Definition, Uses, Examples. 3. Do you fe ...

Drypers corporation national television advertising

Drypers Corporation National Television Advertising Campaign Case (textbook: Strategic Marketing Problems) How would you characterize the U.S. disposable diaper and training your market? How would you characterize the Dr ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert