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

Article 1 uncovering the blind spot of leadershipc otto

Article 1: UNCOVERING THE BLIND SPOT OF LEADERSHIP:C. Otto Scharmer Article 2: The Five Minds for the Future :HOWARD GARDNER Using Scharmer's article as a guide, analyze the ability of the top leadership team at PepsiCo ...

Hey my name is marion and i need help with chapter 4 end of

Hey my name is Marion and I need help with chapter 4 end of chapter question # 8. a. When, if ever, may an employer ask a candidate or employee for a photograph as part of recruitment, selection or employment procedures? ...

Paku is an american of indonesian ancestry he wants to work

Paku is an American of Indonesian ancestry. He wants to work for Quality Movers as a mover. Paku was a mixed martial arts fighter for five years and is very strong. However, when he applies for a job at Quality, he is to ...

1 does one functional department shall be allow to borrow

1. Does one functional department shall be allow to "borrow" (on a short-term basis) people from another functional department in order to fulfill project-manning requirements? 2. Should this be permitted if overtime is ...

Alice agent is an employee of patti principal she

Alice Agent is an employee of Patti Principal. She negligently runs a stop sign in the course of her employment and injures Bart Bikerider. Can Bart sue Patti for his damages from Alice’s Negligence? Why or why not?

Attributes of the high-performance work Attributes of the High-Performance Work System

Attributes of the High-Performance Work System High-performance work systems provide models for integrating the various practices, work structures, and processes used to get the most out of human capital. As you learned ...

Please explain how each department in a company could

Please explain how each department in a company could approach assessing customer expectations of a new product launch product. Describe how to use a TQM approach for fulfilling customer expectations associated with a ne ...

Retentioncomplete the following using an organization you

Retention Complete the following, using an organization you are familiar with, your own experience, or the textbook for information: Summarize an example of an effective supervisor. How does this type of supervisor contr ...

What are examples of orientation experiences you have had

What are examples of orientation experiences you have had as a new hire that have been particularly effective (or ineffective) in helping to make the person/job match happen? What is the cost/benefit impact of orientatio ...

For decades interviews have been an integral part of the

For decades, interviews have been an integral part of the selection process.   In a 160 word paragraph examine and discuss the following questions: Just a paragraph, no APA format. What are the major problems of the inte ...

  • 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