Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

Problem:

You’re the Operations Manager at Alien University and one of your responsibilities is to handle the supplies of University. One of your suppliers has given you quantity discounts for the purchase of marker pens. The normal cost for marker pen is Rs 5.00. For orders between 1,000 and 1.999 units, the unit cost drops to Rs 4.80; for orders of 2,000 or more units, the unit cost is only Rs 4.75. Moreover, ordering cost is Rs 49.00 per order and from your records you found that the University uses 5,000 marker pens per year. You have estimated that the inventory carrying alter is 20% of unit cost.

Required:

problem 1: What order quantity will minimize total inventory cost?

problem 2: Since your University is the good customer, the supplier has offered another price break. If you order 2,500 or more marker pens at a time, the unit cost drops to Rs 4.60. What is the most favourable order quantity now?

problem 3: Management of Alien University is seeking your advice to enhance inventory management at University. Could you please suggest the kinds of inventory counting systems available and new technology for collecting data?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M98413

Have any Question? 


Related Questions in Operation Management

Using the format provided in the text design an incident

Using the format provided in the text, design an incident response plan for your home computer. Include actions to be taken if each of the following events occur: Virus attack Power failure Fire Burst water pipe ISP fail ...

Would you be willing to help me with another

Would you be willing to help me with another project?  800-1,000 words; A minimum of 2 scholarly references are required Once the training analysis is completed, the organization and employee development human resources ...

Abigails auto repair uses 500 oil filters every month

Abigail's Auto Repair uses 500 oil filters every month. Abigail has just taken a course in supply chain management, and as a result has solicited two new suppliers for these packs, with the following price structures: Su ...

Why employers need to reward their employees what kind of

Why employers need to reward their employees? What kind of rewards are common?

Analyze the benefits of use-case modeling and isolate the

Analyze the benefits of use-case modeling and isolate the most advantageous benefit to the firm you currently work or worked in the past and state why. Describe the biggest challenge to the successful use of use-case mod ...

Recommend a plan or strategy to be followed by safety

Recommend a plan or strategy to be followed by safety professionals if they become involved in the litigation process as a representative of an employer organization. A few paragraphs, work cited.

Phase i improvement opportunitywrite 500-750 words on

Phase I: Improvement Opportunity Write 500-750 words on improvement opportunity in your sphere of influence. Address each of the following sections: Quality Tool Analysis Identify your problem statement and complete a ro ...

Multiple choice questions 1 the service sector makes up

Multiple Choice Questions 1. The service sector makes up approximately what percentage of all jobs in the United States? a. 12% b. 40% c. 66% d. 79% e. 90% 2. Which is not true regarding differences between goods and ser ...

Q 1 a fresh produce distributor uses 850 non-returnable

Q: 1 A fresh produce distributor uses 850 non-returnable packing crates a month, which it purchases at a cost of $6 each. The manager has assigned an annual holding cost of 28 percent of the purchase price per crate. Ord ...

Hewlett-pacakrd produces deskjet printers for worlwide

Hewlett-Pacakrd produces Deskjet printers for worlwide demand in Vancouver. It is observed that the monthly demand for AB printers at the European Dc averages 15,830 with a standard deviation of 5,624. Each printer costs ...

  • 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