Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

Attempt all the problems.

Section-A

problem1)a) describe the expected costs of Stockouts.

b) What do you mean by the term Uncertainty and Implied Uncertainty in demand.

problem2) Key part of procurement process is the selection of vendors. What criteria are commonly used in this selection process? Which criteria must be given highest priority?  Why?

problem3) Movement and storage are two basic functions of warehousing. describe the emphasis placed on these two basic functions in cross-docking, distribution, and basic raw material warehouses. What is the rationale for the similar or different emphasis?

problem4) One purpose of material handling is to increase efficient capacity that is to improve space utilization. How does material handling help to achieve this objective?

SECTION-B

Case Study

Firm was purchasing several different materials for processing of their product. On making a preliminary ABC analysis, they shortlisted three items that belonged to A category. Out of these one of the items was analysed in great detail and following was the information they obtained. Average demand for the product was 18000 pieces per month with the standard deviation of 2800 per month. Cost for ordering which was mainly by way of transportation cost was Rs. 5000 per order. Price of the product varied with vendor with whom they will contract. Vendor A quoted Rs. 50 per unit and he promised to deliver same within 3 weeks. Second vendor quoted Rs. 55 per unit and he promised to deliver same in 2 weeks time. Both vendors insisted on immediate payment as credit was difficult to come by. The company will pay for the same from their working capital but would incur 12% interest for the same. The firm was interested in understanding the following:

problem5) Case problems:

a) What would be the economic order quantity for the two vendors?

b) If the firm maintained Continuous review policy, what will be the safety stock for each of the vendors if 95% customer service level was desired to be maintained?

c) Which vendor must the company prefer in order to procure the items? Suppose quality standards etc. are same with both the vendors.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M93372

Have any Question? 


Related Questions in Management Theories

Supply chain management strategy proposaldevelop a supply

Supply Chain Management Strategy Proposal Develop a Supply Chain Management Strategy Proposal, specifically dealing with the following scenario. The scenario centers around the choice of a location for a new distribution ...

The company that you will do research on is ferrore it is a

The company that you will do research on is Ferrore. It is a chocolate company. The product of this company that you will do research on is Nutella. Answer questions briefly. in total it will be 6 page. put your answer f ...

Supply chain management assignment learning outcomesafter

Supply Chain Management Assignment Learning Outcomes: After completing the module you should be able to: 1. Optimise the design of a supply chain to ensure strategic competitiveness in a global market. 2. Audit the opera ...

Task 1in task 1 answer each section with brief factual and

Task 1 In Task 1 answer each section with brief, factual and concise statements. 1 Prepare a detailed flow chart illustrating the process of quality control that is employed within your area of responsibility. Include no ...

Assignment annual reviewimagine you work at a company and

Assignment: Annual Review Imagine you work at a company and it is time for an employee named Jim's annual review. While he was a model employee the first nine (9) months of the year, recently Jim has been coming in late. ...

Research and comply with regulatory requirementsshort

RESEARCH AND COMPLY WITH REGULATORY REQUIREMENTS Short Answer Questions 1. Apart from the internet, identify two sources of information (that a business could use) to ensure compliance with the law. Explain the type of i ...

Case study grouponread case study 5-10 groupon in chapter 5

Case Study: Groupon Read Case Study 5-10: Groupon in Chapter 5, page 333 of your text. In two to three pages, supported by evidence from your text and from other research (at least one resource is required), answer the f ...

Maria sighed as she considered her new assignment it had

Maria sighed as she considered her new assignment. It had seemed like a great idea when Iris offered her the role, but now she wondered if she could get her arms around the complex process of getting RWW certified as an ...

What is the difference between authentication and

What is the difference between authentication and authorization? Can a system permit authorization without authentication? Why or why not? What is the most widely accepted biometric authorization technology? Why? What is ...

Distribution place strategy - discussionretailing -

Distribution (Place) Strategy - Discussion Retailing - Consumer Perceptions Retailing has an impact on the daily lives of each individual all over the world. Retailing is "all the activities directly related to the sale ...

  • 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