Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

problem 1: Looking at the table below for the Johnson Company, what is the total annual cost of maintaining the components inventory under the present systems versus the total annual costs of maintaining the components inventory under the JIT system (assuming no safety stock)? What are the advantages and disadvantages of the Johnsons using a JIT system?

Johnson’s inventory carrying costs are 20% per year on the average investment in inventory on hand including acquisition and transportation costs.  Second, under the current system, the number of units of each type of component kept in stock is find outd as follows: For those items purchased from the vendors more than 400 miles away, a safety stock representing four weeks of use is maintained. For items from vendors between 100 and 400 miles away, a safety stock representing two weeks of use is maintained. For items from closer sources, a safety stock representing one week of use is maintained. In addition to safety stocks, the average inventory of any item is the current lot size purchased, divided by 2.

2040_JIT sysytem.jpg

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M91999

Have any Question? 


Related Questions in Management Theories

For this assignment write a minimum of 4 pages in length

For this assignment, write a minimum of 4 pages in length describing your intervention plan to lead the people in conflict toward transformative change. Be sure to use the unit lesson as a guide. Incorporate at least fiv ...

Imagine your manager has requested that everyone in the

Imagine your manager has requested that everyone in the company take the StrengthsFinder test. Now, your manager has asked you to put together a training tool on how to best coach and develop employees in the decision ma ...

Write a 700- to 1050-word paper answering the following

Write a 700- to 1,050-word paper answering the following questions: What are the advantages and disadvantages of easily obtainable information? What are the advantages and disadvantages of social media? How might knowing ...

Read the article below and complete a 1-2 page article

Read the article below and complete a 1-2 page article review. The article review should include the following: Summary of the article. What are the key points of the article? How does military conflict management differ ...

1 why is the traditional buy-hold-sell inventory model an

1. Why is the traditional buy-hold-sell inventory model an expensive and potentially risky one? 2. What is the role of a supply chain management (SCM) system? 3. How does SCM fit into Porter's three generic strategies?

Building the new billing system for irtc customer service

Building the New Billing System for IRTC Customer Service Department. Project Stakeholders Describe how stakeholders were identified and analyzed, what tools and techniques were used to categorize and understand stakehol ...

Part a written reportyou are required to prepare a report

Part A: Written Report You are required to prepare a report addressing the criteria below in accordance with the AIB assessment guide and style guide requirements. We have provided an Assignment template below to assist ...

Requirement-each week you are required to engage with the

REQUIREMENT- Each week, you are required to engage with the material by writing a short discussion of how the material relates to the topic(s) of this subject and how it relates to your own personal experience. You creat ...

What four types of controls or applications can be used to

What four types of controls or applications can be used to avoid risk? Describe how outsourcing can be used for risk transference? What conditions must be met to ensure that risk acceptance has been used properly? What i ...

This assessment aims to allow participants to explore and

This assessment aims to allow participants to explore and develop key capabilities in one of the three key leadership capabilities (competencies) addressed in the unit. There are three sections to this report: 1. A self- ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro