KPIs should be specific and measurable True False
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KPIs should be specific and measurable
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- A regional distributor purchases discontinued appliances from various suppliers and then sells themon demand to retailers in the region. The distributor operates 5 days per week, 52 weeks per year. Onlywhen it is open for business can orders be received. The following data are estimated for a counter-topmixer:Average daily demand 1d2 = 100 mixersStandard deviation of daily demand 1sd2 = 30 mixersLead time 1L2 = 3 daysHolding cost 1H2 = $9.40>unit>yearOrdering cost 1S2 = $35>orderCycle@service level = 92 percentThe distributor uses a continuous review Q system.a. What order quantity Q, and reorder point, R, should be used?b. What is the total annual cost of the system?c. If on-hand inventory is 40 units, one open order for 440 mixers is pending, and no backorders exist,should a new order be placed?How can Whirlpool Corporation implement a “cost of quality” COQ analysis to prevent the impacts of poor conformance quality in the near future?What is the difference between a smooth and layered VES model?
- A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor. Step 1 : Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order 4 Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor.a) Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.b) It is time to review the item. On-hand inventory is 40 mixers; receipt of 440mixers is scheduled, and no backorders exist. How much should bereordered?c) What is the target inventory level, T?d) What is the total annual cost of the P system?What is HACCP and why is it important in food production? In the production of food items such as biscuits, the process starts from sourcing of raw materials and ends at packaging and shipping of the finished product. Identify and explain three different critical control points that may need to be monitored during biscuit production
- The matrix of transition probabilities below deals with brand loyalty to CoronaBits and CovidBits junk food. What is the probability that a CoronaBits customer will switch brands on the next purchase after a large number of periods? O 2/9 O 4/9 О 5/9 3/4NOTES Find the UCL and LCL .1000 +3 3 1000 (1-1000) 100The industry conditions report is an annual industry newsletter, an extensive year-end report of the sensor industry.• TrueO False