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SOLUTION MANUAL FOR OPERATIONS AND SUPPLY CHAIN MANAGEMENT THE CORE 5TH EDITION BY F. ROBERT JACOBS EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUAR

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SOLUTION MANUAL FOR OPERATIONS AND SUPPLY CHAIN MANAGEMENT THE CORE 5TH EDITION BY F. ROBERT JACOBS EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUARANTEED SUCCESS AFTER DOWNLOAD ALREADYPASSED!!!!!!! (PROVEN ITS ALL YOU NEED TO PASS YOUR EXAMS) . A company experiences annual demand of 1,000 units for an item that it purchases. The rate of demand per day is very stable, with very little variation from day to day. The item costs $50 when purchased in quantities less than 100, $48 for 100 or more. Ordering costs are $40 and the carrying cost is 25 percent. How much should the company buy each time an order is placed? EOQ and TAC at $50: 21,000units / year$40 /order EOQ  80 units $50 /unit.25 TAC of ordering 80 units AnnualOrdering Cost= $40 (1,000units/80unit* s)= $500 AnnualInventory Carrying Cost=$50 .25 (80uni* * ts/2)=$500 Annual Product Cost = $50*1000 units = $50,000 Total Cost = $51,000 EOQ at the $48 price 2×1,000units / year×$40/ order EOQ = 81 65. units  82 units which cannot be ordered, . $48/unit×.25 TAC of ordering 100 units Annual Ordering Cost =$40(1000 units / 100 units)=$400 AnnualInventory Carrying Cost= $48 .25 (100un* * its/2)= $600 Annual Product Cost = $48*1000 units = $48,000 Total Cost = $49,000 The company should buy 100 units each time an order is placed; they will save $2,000 annually. Meyer Stores carries a specialty line of flavored syrups. On average, Meyer sells 30 bottles per week of its popular raspberry syrup. Meyer’s cost is $8 per bottle. Meyer has determined its order cost to be $50 and inventory carrying cost is 20 percent. Meyer is open for business 52 weeks per year. What is the EOQ for raspberry syrup? If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup? Annual demand = 30 units × 52 weeks = 1,560 units 2(1,560)$50 156,000 EOQ = = = 97,500 = 312.25 units, rounded 313 units. . $8(.20) 1.60 Averageinventory = =156.5units Inventory turnover = = 9.97 times. Note, if EOQ is rounded down to 312 units, then average inventory is 156 units and inventory turnover is 10 times. Talbot Industries is evaluating its service level policy for a product that is considered critical to customers. Demand for item average 100 units per day and the lead time form the supplier of the item averages 6 days. An analysis of demand and lead time patterns has shown that the standard deviation of demand during lead time is 110 units. The existing service level policy allows for a stockout probability of 10 percent during the during the replenishment cycle. Marketing managers claim that the item is so critical that the firm should carry three standard deviations of safety stock. If the item cost is $60 and Talbot’s inventory carrying cost is 20 percent, what is the incremental inventory carrying cost of the suggestion by marketing managers? The existing service level of 90% requires 1.28 standard deviations of safety stock, or 1.28(110) = 140.8, rounded to 141 units of safety stock. The inventory cost of the policy is 141($60)(.20) = $1,692. The suggested policy will cost 3(110)($60)(.20) = $3,960.00. The incremental cost is $3,960 - $1,692 = $2,268. Johnson Corporation has the following information about a product that it carries in stock: Average demand = 40 units per day Average lead time = 15 days Item unit cost = $55 for orders of less than 400 units Item unit cost = $50 for orders of 400 units or more Ordering cost = $30 Inventory carrying cost = 20% The business year is 300 days Standard deviation of demand = 2.5 units Standard deviation of lead time = 1.5 days Desired service level = 97.5% What is the annual total acquisition cost of ordering at the $55 price? What is the annual total acquisition cost of ordering at the $50 price? What level of safety stock should Johnson maintain for the item? If Johnson chooses the ordering policy that results in the lowest total annual acquisition cost, and maintains the safety stock level for 97.5% service, what will Johnson’s average inventory be for this item? What will the annual inventory turnover rate be for this item? What

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SOLUTION MANUAL FOR OPERATIONS AND
SUPPLY CHAIN MANAGEMENT THE CORE 5TH
EDITION BY F. ROBERT JACOBS EXAM WITH
ACTUAL QUESTIONS AND COMPLETE 100%
VERIFIED CORRECT AND WELL EXPLAINED
ANSWERS WITH RATIONALES GRADED A+ BY
EXPERTS LATEST VERSION 2024 WITH
GUARANTEED SUCCESS AFTER DOWNLOAD
ALREADYPASSED!!!!!!! (PROVEN ITS ALL YOU
NEED TO PASS YOUR EXAMS)




12-1

© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC.

, 12-2

© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC.

, Chapter 1

Introduction to Managing Operations Across the Supply Chain

Suggested Answers to Discussion Questions



Which of the following is a multifactor measure of productivity? Output/(Labor + Capital + Energy)

Which of the following is a total measure of productivity? Output/Inputs

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to
produce the 400 units was 350 hours, what kind of productivity measure could you use to compute productivity?
Partial measure

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to
produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure
could you use to compute productivity? Partial measure and Multifactor measure

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500
units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the
resulting productivity ratio? 1.428

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900
units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio? 1.000

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May.
During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-
time workers working 25 hours per week, but in May there were only two part-time workers and they only worked 10
hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?
8.95%

What is a criterion or product characteristic that differentiates a product from the products of competitors in a way
meaningful to the market called? order winner

A diagram showing how a company's strategy is delivered through a set of tailored activities is called what?
activity-system map

The triple-bottom-line evaluates the firm against what three criteria? The text provides three alternatives: social,
economic, and environmental; people, planet, and profit; or folk, work, and place.

Individuals or organizations that are influenced, either directly or indirectly, by the actions of the firm are called
stakeholders

People who provide capital to the firm through stock purchases are called shareholders

A project can be subdivided into which of the following? Work packages

A project starts out as which of the following? A statement of work
12-3

© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC.

, What is a work breakdown structure? A definition of the hierarchy of project tasks, subtasks, and work packages

In a Gantt chart, the horizontal axis is usually which of the following? Time

Which of the following is a graphic project report used in project management? Cost and performance tracking
schedule

An advantage of a pure project where self-contained teams work full time on a project is which of the following? Lines
of communication are shortened.

Some of the advantages of a functional project where the project is housed in a functional division include which of
the following? A team member can work on several projects.

A series of projects that are organized in such a way that each project utilizes people from different functional areas is
using which of the following organizational structures? Matrix project

You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on the chart. What kind of chart are
you looking at? EVM chart

PERT is an abbreviation for which of the following methodologies? Program evaluation and review technique

You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project,
and separate project managers will be responsible for separate projects. These project managers will report to you.
Which project management structure is being used? Matrix project

You have been placed in charge of a large project. Shortened communication lines are required to ensure quick
resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of
team pride, motivation, and commitment by all members. Which project management structure should you use in this
situation? Pure project

One reason for studying operations and supply chain management (OSCM) is which of the following? All managers
should understand the basic principles that guide the design of transformation processes

The goods-services continuum consists of which set of the following categories? Pure goods, core goods, core services,
pure services

Which of the following are defined as core goods? Data storage systems

Current issues in OSCM do not include Increasing global supply chain employmen

Which of the following are not listed in the text as jobs in OSCM? Data center manager

Which of the following is not a characteristic that distinguishes services from goods? Service jobs are unskilled

Service jobs are unskilled Tangibility

2. Interaction with the customer

3. Services are heterogeneous

4. Services are perishable and time dependent

5. Services are seen as a package of features that affect the five senses
12-4

© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC.

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LearningExpress (Organization) 501 GMAT Questions
Publisher: 2013 ISBN: 9781576859209 Edition: Unknown

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