Effective Demand Management in a NATURAL RESOURCES/MINING COMPANY
Q: If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to…
A: The bullwhip effect is caused by fluctuation which results in the form of variance. It is induced by…
Q: In two companies (AerCo, NuCo), the demand was managed centrally using information gathered from…
A: Demand-chain management (DCM) is the management of relationships between suppliers and customers to…
Q: a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only…
A: Given, Actual demand = 95 bags/ week Annual demand D = 95*50 = 4750 bags Order cost S = $50 Holding…
Q: Annual demand (D) is 3,650 units (constant). Lead time (LT) is 10 days (constant). Find reorder…
A: Annual Demand = 3650 Daily Demand = 3650 / 365 = 10 Lead time = 10 Reorder Point = Daily…
Q: Discuss aggregate planning in services.
A: Aggregate planning is an activity done within the organization to ensure that he production plan is…
Q: a. How many tires should Rocky Mountains tire order each time it time it places an order? b. What is…
A: Inventory management is the process of managing the inventory right from the procurement of the raw…
Q: Question: Please describe the two (2) techniques of order entry in logistics management. Please…
A: the logistic management is consider as a fragment of supply chain management which line up, controls…
Q: A procurement system enables the firm to generate demand forecasts for a product and to develop…
A: A procurement system or buying system allows organizations to adjust the method of buying…
Q: Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50…
A: There are different forecasting techniques are available to predict future values. But for different…
Q: The basic economic order quantity assumes that: Select one: a. All demand is constant, unknown and…
A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: XYZ has developed the following data from its Material ASafety stock280Average (normally) daily…
A: Below is the solution:-
Q: Which user demand collecting method do you believe is the most effective? Justify your position in…
A: The primary users generally demand for data collecting method. The details are discussed as follows-
Q: Mauro Products distributes a single product, a woven basket whose selling price is $28 per unit and…
A: The breakeven point refers to the revenue that is required for covering the fixed as well as the…
Q: Under what type of demand is yield management most effective?
A: The basic concept of yield management is to maximize revenues by allocating the appropriate type of…
Q: Demand for devil’s food whipped-cream layer cake at a local pastry shop can be approximatedusing a…
A: Mean (M) = 6 per day Cost (C) = $9 per cake Selling price (P) = $12 Salvage value (S) = $9
Q: REQUIRED: Perform analysis for the Ocobee River Rafting Company to determine which alternative would…
A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: For the current year, Naranda & Associates has projected sales of 72,000 barrels, a cost per order…
A: The question is related to the Inventory Management. Economic order quantity is the required order…
Q: year. a. - Calculate the Economic Order Quantity (EOQ), Annual Ordering Cost, Annual Holding Cost…
A: Economic order quantity (EOQ) is the optimal order quantity that a company should purchase so that…
Q: Explain the following in relation to Sourcing a) Spend Analysis b) Demand Management and…
A: It is the process of collecting historical data by commodity, relative to demand from the lines of…
Q: Suppose the demand for garlic bread falls. Illustrate the effect this has on the market for garlic…
A: An economy is where transaction occurs for profits. Many entity are present in an economy affecting…
Q: supply chain management Demand Distribution Demand Probability 10 0,01 20 0,03 30 0,05 40 0,08 50…
A: given, product price = $500 cost of product =$300 salvage value of unsold items =$250
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: Discuss Customer order decoupling point using relevant examples
A: The customer order decoupling point also known as the CODP is used in the manufacturing and…
Q: Identify several industries that have highly variable demandpatterns. Explore how they adjust…
A: For certain industries, the demand-pattern is extremely uncertain. It becomes highly cumbersome to…
Q: Pizza Pie runs the pizza concessions at the University bas- ketball games. Personal size pizzas are…
A:
Q: Bits and Pieces uses overtime, inventory, and subcontract-ing to absorb fluctuations in demand. An…
A: Optimal production plan is as determined using Solver as follows:
Q: Santizit, Inc. produces a constant supply of hand sanitizer bottles (adjusted for seasonality) to…
A: Economic order quantity is a method by which we identify the optimal ordering quantity based on…
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: Develop a flow chart for revenue cycle of 7/11 (seven-eleven ) retail store
A: In the given question, we are to draw a flow-chart for revenue cycle of 7-Eleven convenience store,…
Q: "Merchandise, raw materials and in-process or finished goods" is the Building and Personal Property…
A: Business Personal Property refers to the items that are movable. These items are owned by business.…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: a). Month Period(x) Demand(units)(y) xy x2 y2 Jan 1 4,120 4120 1 16974400 Feb 2 4,220 8440…
Q: Which of the following are the four factors of aggregate demand? a. Consumption, Investment,…
A: Aggregate demand refers to the entire quantity of demand for all completed products and services…
Q: explain how the analysis would change if office space were in high demand.
A: Risk analysis is the risk evaluation process on the basis of how much project outcomes or objectives…
Q: Belletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier…
A: 1 a) One of the main reason that the company had agreed to pay high price to Belletricity is because…
Q: Define Dependent Demand?
A: Demand is described as a principle in economics that highlights the desire of customers or consumers…
Q: DEFINE Expected value of demand
A: Expected value can be calculated by multiplying the respective possible outcomes in the future with…
Q: What is the significance of inventory management in the Farmers Restaurant ?
A: To provide the most satisfactory service, Farmers Restaurant is a full-service restaurant, which…
Q: Discuss what is the relationship between demand management, customer service and order management?
A: The logistics and supply chain management process includes demand management, order management, and…
Q: Ruby-Star Incorporated is considering two different vendors for one of its top-selling products…
A: Given data• Weekly demand (d) is 50 units• Unit price = $75 per unit• Vender-1 delivers in lot size…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Y = 3,676.67 + 192.31(X) In January = 3,676.67 + 192.31(1) = 3,868.98 units In February = 3,676.67…
Q: Yu Amy Xia has developed a specialized airtight vacuum bag to extend the freshness of seafood…
A: Given Data, QUARTER FORECAST (UNITS) REGULAR TIME OVERTIME SUB-CONTRACT 1 500 400 80 100 2…
Q: Describe what is the relationship between demand management, customer service and order management?
A: The linkage between Demand management, order management and customer services is given below:
Effective Demand Management in a NATURAL RESOURCES/MINING COMPANY
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- 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?What is managing demand plan?
- State an example of industries where the demand forecasting is dependent on the demand of other products ?Discuss the plans that provide for variable incentives linked to a standard expressed as a time period per unit of production.What would a manager recommends the CEO to evaluate processes, risks,and internal controls for its revenue cycle in fashion industry?