Define Dependent Demand?
Q: What is the difference between dependent and independent demand?
A: Demand refers to the desire of the consumer to buy a good or service. It depends on many factors…
Q: Define selective demand?
A: Demand for a specific brand rather than a broad product category is referred to as selective demand.…
Q: I using the multiplicative seasonal model, the demand level for George's sailboats in the spring of…
A: Multiplicative seasonal method is a model of forecasting technique that using in seasonal adjusted…
Q: What are the average sales of S1, S2 and S3?
A: Find the given details below: Given details: OBS S1 S2 S3 1 225 190 205 2 323 210 241 3…
Q: Give an example of joint demand.
A: Joint demand is the point where the demand for one item is straightforwardly and decidedly…
Q: Present a well labelled graphical illustration of this model (Boston Box) for DESPITE Group of…
A: Introduction:- Management systems are designed on delivering profitable products or services now, as…
Q: Define the term Derived Demand?
A: Demand is the amount of persons who are willing and able to purchase items at various prices…
Q: Explain Independent versus Dependent Demand?
A: Demand is said to be independent when the demand for one product is not dependent on the demand for…
Q: Define joint demand?
A: Joint demand is the demand of two goods together because they work together to provide a benefit for…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: Cost analysis is one of the important business decisions that operations managers must make in a way…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: a.
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A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: Define the term Fluctuating Demand?
A: In general terms, demand is all about the ability to pay and the desire to consume a specific…
Q: Echo’s revenue jumped 23 percent year over year in the third quarter to $691.5 million after…
A: There are two key points here and which are as follows- -Truckload volume increased by 13.6%. Volume…
Q: Define POTENTIAL DEMAND?
A: Demand is the quantity of a commodity that a consumer is willing to purchase at each possible price…
Q: Find the expected demand for 2020. a = 0.6
A: Previous period actual demand (A) = 650 Previous period forecast (F) = 950 Smoothing constant (a) =…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: Given data; Annual Demand 100000 No. of weeks 50 Weekly Demand 2000
Q: Define the term Joint Demand?
A: Because of the forces of demand and supply of a product, goods are purchased or sold at a particular…
Q: Is it necessary that a sale forecast reflect fluctuations in demand pattern for a goods and service?
A: THE ANSWER IS AS BELOW:
Q: Define Manufacturability?
A: Manufacturability is the process that helps to convert the raw materials into finished goods using…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: a. using Alexander and a shipping quantity of 10000 units is least cost alternative, with annual…
Q: Revenue management strategy consists of the identification of customer segments and the…
A: ANSWER : Option : d) All the above
Q: Explain Order qualifiers?
A: To get the customer order, it is necessary to get high level of performance on the order winner and…
Q: Use for the following 2 questions: A fresh fish market sells perch for $7/lb, pays the fishermen…
A: Given data; Cost price 3 $ per lb Selling price 7 $ per lb Salvage price 2 $ per lb Mean…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression Equation Y = Intercept + Slope*X X = Depended variables We used EXcel to find…
Q: s and short deliverie
A: Excessive product returns may take up valuable business time and money, as well as cause consumer…
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A: Total supply chain cost is an important performance measure of any supply chain and it includes all…
Q: Explain Elastic demand?
A: The elasticity of demand refers to the responsiveness of a quantity demanded of a good to change in…
Q: Define the term competition of messenger? When does it occur?
A: Whats app issued an in-app notification on Jan 4, 2021, announcing an updated privacy policy. The…
Q: Explain the term Derived demand?
A: Derived Demand can be defined as the demand of a product or service which arises because of the…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: Weekly demand = d = 100,000 / 50 = 2000 units. We find the total annual costs for each supplier…
Q: Explain The Sourcing/Purchasing Design Matrix?
A: Strategic sourcing may be defined as the development and management of supplier relationships to…
Q: DEFINE Expected value of demand
A: Expected value can be calculated by multiplying the respective possible outcomes in the future with…
Q: at is the economic order quantity?
A: EOQ= Square root of 2DS/H
Q: Explain Projected On-Hand Inventory?
A: Material Requirement Planning can be used to determine the number of components, needed parts, and…
Q: Define primary demand?
A: Demand is a priciple that refers to the desire of the consumer in terms of purchasing goods and…
Q: Meaning of sourcing?
A: It is a form of business procurement strategy.
Q: Conceptual System Revenue Cycle?
A: CONCEPTUAL SYSTEM REVENUE CYCLE
Define Dependent Demand?
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Explain Independent versus Dependent Demand?
- Demand of Hairdryer from January to July Month Demand January 2800 February 2870 March 2968 April 3000 May 3100 Jun 3150 July 3400 a). Calculate forecast future demand for May, June, July and August by using 3 months simple moving average. b) Determine TWO (2) consequences if the company produce supply more than the customer demand. c) In your opinion, provide ONE (1) perspective you will look into supplier before made a decision to select a supplier.Is it necessary that a sale forecast reflect fluctuations in demand pattern for a goods and service?32.What is meant by deficient demand? Explain its causes and consequences?