Eoq model Samenvattingen, Aantekeningen en Examens

Operational Stategies Module 1,2,12, 16 - Questions Main Objectives: how a business achieves organizational goals & competitive advantage through operations & inventory management Inventory Models EOQ EPQ QDM (Purpose of EOQ and EPQ is to minimus costs of ordering/ holding inventory Holding/Carrying Costs The costs of holding inventory; includes costs for storage space, interest paid on borrowed money to finance the inventory, and any losses incurred due to damage or obs...

Summary SOC 200 - Case Study Report 1 THREE JAYS CORPORATION Case Study Report 1: THREE JAYS CORPORATION 1. Using the data in case Exhibit 4 and the 2012 annual demand, calculate the EOQ and ROP quantities for the five SKUs scheduled to be produced in the last week of June. How do these amounts compare with those calculated in 2011? Compare the increases in EOQs with the increases in annual demand. (2.5 points) The 2012 Annual Demand is given as The EOQ and ROP quantities for the five SKU’s b...

BUAD 331 Exam 2 Correct 100%(RATED A+) You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... - ANSWERa basic phone with a high volume of predictable customer demand A SC that utilized an agile order fulfillment technique will - ANSWERhold manufacturing until receiving actual customer orders Ted buys ...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - ANSWERA. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from when the customer first o...

Define order cycle time. - ANSWERThe total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - ANSWERlead time gap The economic order quantity (EOQ) model aims to: - ANSWERcalculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs. If average daily demand for a product is ...

ECON 351 QUIZ 6 VERIFIED SOLUTIONAnswer for Quiz 6 Question 1 Which of the following is NOT one of the assumptions of the basic EOQ model? Annual demand requirements are known and constant. Lead time does not vary. Each order is received in a single delivery. Answer Quantity discounts are available. Only one product is involved Question 2 In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will: double. increase, but not double. decrease by a factor of 2...

BUAD 331 Exam 3 UTKThe order Cycle - correct answer process around the interface between customer demand creation and supply chain creation of form, time, and place value to fulfill that demand Focal Point of The Order Cycle - correct answer the agreement between an organization and a customer to create a certain level of form, time, and place value in exchange for value back from the customer Example of the Order Cycle - correct answer -Could be a barter of goods. -agreement to exchange...

Define order cycle time. - ANSWERThe total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - ANSWERlead time gap The economic order quantity (EOQ) model aims to: - ANSWERcalculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs. If average daily demand for a product is ...

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... - ANSWERa basic phone with a high volume of predictable customer demand A SC that utilized an agile order fulfillment technique will - ANSWERhold manufacturing until receiving actual customer orders Ted buys 50 gallons of milk and 20 cartons of hot coc...

WGU C720 ________ and ________ crucial and relate to both the design of goods and services. - Correct Answer-Product & process design Tangible Goods - Correct Answer-Merchandise you can put your hands on. Physical objects. Intangible Good - Correct Answer-Good that does not have a physical nature - can be digital goods (apps, downloadable music) or virtual (bit-coin) Knowledge, education, software, consulting, media, information and data, etc. Product Design - Correct Answer-t...