Draw the Economic order quantity formula? How this formula helps to operation managers
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A: The answer is as below:
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Q: What problem do you see with using the chain ratio method for predicting demand?
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A: Formula:
Q: A producer of felt-tip pens has received a forecast of demand of 30,000 pens for the coming month…
A: Demand (D) = 30,000 pens per month Fixed costs (FC) = $25,000 per month Variable costs (VC) = $0.37…
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Q: Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000.…
A: 52 weeks per year COGS = $6,500,000
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A: a.
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = 3,410,000 52 weeks per year
Q: Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although…
A: This question is part of forecasting approaches and Analysis, here, It falls under the Business-…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = $3,410,000 52 weeks per year
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Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A:
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Draw the Economic order quantity formula? How this formula helps to operation managers
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- Frank’s Contract Bakery measured her 2021 Cost of Goods Sold to be 6516265. Her Average Aggregate Inventory Value on raw materials was 2,310,000, work in process (WIP) was 1,500,000 and the finished goods was 1,400,000. Last year Days of Supply is: No decimalsIllustrate and explain with the aid of an appropriate graphical representation a demand plan which Tropic Industrials Ltd can apply to synchronize demand with supply for their leading product Quick Dry Cement.suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.
- How to calculate the estimated yearly demand?Andrew Manufacturing held an average inventory of $1.5 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.5 million, and its cost of goods sold was $6.2 million. The firm operates 290 days a year. What is the inventory days’ supply? What target inventory level is necessary to reach a 15- and 10-day inventory days supply during the next two years?A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year?
- A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year? Category Part Number Average Level Unit Value Raw materials Work-in-process Finished goods 1 2 3 4 5 6 7 15000 2500 3000 5000 4000 2000 1000 $3.00 5.00 1.00 14.00 18.00 48.00 62.00Aggregate Model Example for a business in the food production industryUse weighted average and the past four week's demand to predict next week demand. Demands for the past four weeks are: Period: 2 Demand: 133 130 3 134 4 146 Calculate the simple average and weighted average using the weights of 0.5,0.3, 0.1, 0.1 from year 4 to year 1.
- Compilation of at least three trend in quantity food production.Following are some of the information on demand and costs of a mobile phone manufacturer: Monthly Sales for previous year were 10,000 Mobile Phones. Overall Market has grown at 15% from the previous year. The company uses a third-party storage solution for keeping its inventory. The charges are Rs. 100/unit. For procuring the raw material company relies on a contractor which provides them a one stop solution and charges Rs. 3000 per order. The actual cost of the raw material is approximately 7000/unit. Using the above given information answer the following questions? What is the Economic Order Quantity for the company? If a working year is 300 days find out how many orders the company will place for the current year and what would the gap between two orders? What will be the total cost of inventory policy for the company? If the delivery lead time for receiving the order is 20 days what should be the reorder point for the company?How do I calculate the Serviceable Available Market (SAM) with the provided Total Available Market (TAM)?