Flingers Inc. reveals the following information in their annual report for FY 2014.
Earnings and Expenses
Sales
$10,000,000
Cost of goods sold
$5,000,000
Pretax earnings
$500,000
Selected Balance Sheet Items
Merchandise inventory
$80,000
,Total assets
$2,000,000
Upper management plans to cut cost of goods sold by5% for the coming year but
retain the same sales. What willFlingers' profit margin be for2015?
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7.5
Given the following historical demand andforecast, calculate the Mean Forecast
Error:
Week 1Demand: 50 Forecast: 45
Week 2Demand: 54 Forecast: 51
Week 3Demand: 58 Forecast: 60
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2
Given the following linear demandforecast: Demand= 50+ 10 X(where X is the
desired forecastperiod), what is the predicted forecast at period7?
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120
The campus bookstore sells4,000 sets of graduation regalia each year. Placing an
order from their supplier costs$25 regardless of orderquantity, so they usually place
,a large order(a halfyear's supply) at a time. It costs$5 per year to hold a cap and
gown ininventory, primarily insurance costs for the highly flammable material.
What is their optimal orderquantity?
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200
Assume the standard deviation of demand per week is 8 units and replenishment lead
time is 4 weeks. What is the standard deviation of demand during leadtime?
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16 units
the owner of a vending machine company has weekly stops to check the soda
machine at NC State. She checks the inventory levels and fills the machine back up to
its full restocking level.
She is using which of the following types of independent demand inventorysystems?
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periodic review system
Elm Lake Fire Department wants to forecast the demand for structure fires. The last
five years of data are shown below.
Year Demand
1 12
, 2 16
3 10
49
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for period 6.
Assume that the forecast for Year 1 = 15.
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C
Given the following historical demand andforecast, calculate the Tracking Signal in
Week3:
Week 1Demand: 50Forecast: 49
Week 2Demand: 54Forecast: 56
Week 3Demand: 58Forecast: 60
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-1.80
An MRP entry that shows the planned order release date and quantity is known asa:
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planned order
The use of supply chain partners to provide products or services is called
Earnings and Expenses
Sales
$10,000,000
Cost of goods sold
$5,000,000
Pretax earnings
$500,000
Selected Balance Sheet Items
Merchandise inventory
$80,000
,Total assets
$2,000,000
Upper management plans to cut cost of goods sold by5% for the coming year but
retain the same sales. What willFlingers' profit margin be for2015?
Give this one a try later!
7.5
Given the following historical demand andforecast, calculate the Mean Forecast
Error:
Week 1Demand: 50 Forecast: 45
Week 2Demand: 54 Forecast: 51
Week 3Demand: 58 Forecast: 60
Give this one a try later!
2
Given the following linear demandforecast: Demand= 50+ 10 X(where X is the
desired forecastperiod), what is the predicted forecast at period7?
Give this one a try later!
120
The campus bookstore sells4,000 sets of graduation regalia each year. Placing an
order from their supplier costs$25 regardless of orderquantity, so they usually place
,a large order(a halfyear's supply) at a time. It costs$5 per year to hold a cap and
gown ininventory, primarily insurance costs for the highly flammable material.
What is their optimal orderquantity?
Give this one a try later!
200
Assume the standard deviation of demand per week is 8 units and replenishment lead
time is 4 weeks. What is the standard deviation of demand during leadtime?
Give this one a try later!
16 units
the owner of a vending machine company has weekly stops to check the soda
machine at NC State. She checks the inventory levels and fills the machine back up to
its full restocking level.
She is using which of the following types of independent demand inventorysystems?
Give this one a try later!
periodic review system
Elm Lake Fire Department wants to forecast the demand for structure fires. The last
five years of data are shown below.
Year Demand
1 12
, 2 16
3 10
49
5 13
Using simple exponential smoothing with alpha=.3, forecast the demand for period 6.
Assume that the forecast for Year 1 = 15.
Give this one a try later!
C
Given the following historical demand andforecast, calculate the Tracking Signal in
Week3:
Week 1Demand: 50Forecast: 49
Week 2Demand: 54Forecast: 56
Week 3Demand: 58Forecast: 60
Give this one a try later!
-1.80
An MRP entry that shows the planned order release date and quantity is known asa:
Give this one a try later!
planned order
The use of supply chain partners to provide products or services is called
