Homework Help Archives - Page 88 of 92

June 21st, 2019

Question & Answer: Cycle counting: Provides a measure of inventory accuracy is a process by which inventory records are…

Cycle counting: Provides a measure of inventory accuracy is a process by which inventory records are verified once a year provides a measure of inventory turnover Assumes that all inventory records must be verified with the same frequency

Expert Answer

Cycle counting is like sampling. We count inventory of a sample

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June 21st, 2019

Question & Answer: Cross-docking is an approach used in consolidation warehouses, where large shipments are broken…

Cross-docking is an approach used in consolidation warehouses, where large shipments are broken down into small shipments for local delivery in an area, True False

Expert Answer

Crossdocking is an activity which is used to eliminate or minimise usage of intermediate warehousing. Cross docking is used

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June 21st, 2019

Question & Answer: Lead time is the gap between: When an order is received and when it is used. When an order is received…

Lead time is the gap between: When an order is received and when it is used. When an order is received and when it is put away. When an order is acknowledged and when it is received. When an order is placed and when it is received.

Expert Answer

It may not always happen that whenever someone places order for any item, he/she may not receive same immediately.

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June 21st, 2019

Question & Answer: Last year, SCM301 processed 100,000 orders. The company experienced following results: 2, 500 orders…

Last year, SCM301 processed 100,000 orders. The company experienced following results: 2, 500 orders were delivered late; 1, 500 orders were incomplete; 2,000 orders were damaged; and 3,000 orders were billed incorrectly. These 14,000 failures were spread across 4, 500 orders. The percentage of perfect orders is- 95.5% 90.6%

Expert Answer

As the total failure was 14000 which was spread across 4500 orders so ,

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June 21st, 2019

Question & Answer: Lead times, inventory availability, and purchase orders outstanding are among the five things operations…

Lead times, inventory availability, and purchase orders outstanding are among the five things operations managers must know for effective use of MRP. True False

Expert Answer

a. True

The below are the five things operations

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June 21st, 2019

Question & Answer: Your company has compiled the following data on the small set of products that comprise the specialty…

Your company has compiled the following data on the small set of products that comprise the specialty repair parts division. Perform ABC analysis on the data. Which products do you suggest the firm keep the tightest control over? R11 and U44 Rl1 and S22 U44 and V55 U44 and S22

Expert Answer

The ABC analysis is done in the following table.The answer is Option A, R11 and U 44

SKU

ANNUAL DEMAND

UNIT COST

ANNUAL USAGE VALUE

%

June 21st, 2019

Question & Answer: For seasonal item a ___ Continuous review Single-period Periodic review Retail discounting…

For seasonal item a ___ Continuous review Single-period Periodic review Retail discounting

Expert Answer

For the seasonal items a periodic review system/model could be used to manage inventory.

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Author: admin

June 21st, 2019

Question & Answer: The annual demand for SCM301, Inc., is 1,000 units, standard deviation of demand during lead time is…

The annual demand for SCM301, Inc., is 1,000 units, standard deviation of demand during lead time is 25 units, and lead time is constant at 15 days. Assume 250 workday years and that daily demand is normally distributed. A 95 % service level will require safety stock of approximately 37 units 101 units 41 units 60 units

Expert Answer

Correct Answer:

159 units ( it does not match with any alternatives)

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Author: admin

June 21st, 2019

Question & Answer: In a lean production system, we expect to see which of the following? No extra inventory. Extra…

In a lean production system, we expect to see which of the following? No extra inventory. Extra inventory of critical parts held “just-in-case.” More parts and fewer standardized product configurations. Managers being held responsible for quality of the work turned out.

Expert Answer

In a lean system, elimination of waste (Muda)

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June 21st, 2019

Question & Answer: Powered by Coffee (PBK) is a new campus coffee store. PBK uses 50 bags of whole bean coffee every…

Powered by Coffee (PBK) is a new campus coffee store. PBK uses 50 bags of whole bean coffee every month, and demand is steady throughout the year. PBK has signed a contract to purchase it’s from a local supplier, Phish Roasters, for a price of $25 per bag and an $85 fixed cost for every delivery independent of the order size. PBK incurs an inventory holding cost of 24 percent per year. What order quantity minimizes PBK’s ordering and holding costs per year? 200 100

Expert Answer

Ans. The Economic Order Quantity (EOQ) is calculated as under:

Demand per year: 600 bags

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