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

Question 1 distinguish between ethical and legal principles

Question 1. Distinguish between ethical and legal principles and practices and define your concept of ethical behavior as it relates to the purchasing and supply management function. Question 2. Discuss the concepts asso ...

Case study assignment -problem statement you need to

Case Study Assignment - Problem Statement: You need to consider how you will identify the range of issues and problems in the following problem statement. Boutique Hotel Company (BHCo) Please Note: This problem statement ...

In this paper examine your organizations generic and

In this paper, examine your organization's generic and diversification strategies, its international moves, and its ethics, social responsibility, and environmental sustainability practices. Submit your work in your assi ...

Write a 1050- to 1400-word paper addressing the following

Write a 1,050- to 1,400-word paper addressing the following: Identify two jobs within the company of your choice. Describe the general function of performance management systems. If your assigned company does not use a p ...

Case study - mighty metrics retail is in the detailsto

Case Study - Mighty Metrics: Retail is in the Details To assist you with this assignment, complete an internet search on the current hiring practices and assessment tests employed by Home Depot. You just became the head ...

Explain the 4 stage model of supply chain integration and

Explain the 4 stage model of supply chain integration and how it would apply to a business trying to enter a global market.

You have just been promoted from front-line supervisor to

You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, y ...

List and describe the three guidelines for sound policy as

List and describe the three guidelines for sound policy, as stated by Bergeron and Bérubé ? Describe the bull's-eye model. What does it say about policy in the InfoSec program? In what way are policies different from sta ...

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 ...

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 ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen