What is the optimal order frequency, if the company decides to aggregate three suppliers per truck
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company sources from hundreds of suppliers and is considering the aggregation of inbound shipments to lower costs. The company decides to aggregate three suppliers per truck. The common truckload shipping order cost, S = $2020 per truck,
along with supplier-specific order costs, s1 = $114, s2 = $90, s3 = $100 per pickup.
Average annual demand from each supplier is, demand per product, D1 = 9160, D2 = 10216, D3=18466 units.
Each unit cost per product is, C1 = $98, C2 = $87, C2 = $20, and the company incurs a holding cost of 19 percent.
What is the optimal order frequency, if the company decides to aggregate three suppliers per truck?
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- Use the information below to answer the following question(s). Office Supply House purchases 4,160 reams of paper per year, ordered in lots of 80 reams per week at $150 per ream. The vendor covers all shipping costs. Office Supply House is not required to inspect the shipment upon entry. Office Supply House earns 20% on its cash investments. The purchase order lead time is two weeks. The following cost data are available: Relevant ordering costs per purchase order $53.75 Relevant insurance, materials handling, breakage, and so on, per year $4.25 How many deliveries will be required at the economic order quantity level? 42 deliveries 18 deliveries 52 deliveries 20 deliveries 37 deliveriesThe company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Assume the service level is 99.5%. How much safety stock should the company have? ( )7,500 units ( )19,350 units ( )3,074 units ( )7,916 unitsThe company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose the company Marombeiro wants to have a Service Level of 97%. What would be the safety stock that would guarantee this level of service? ( )3,460 units ( )7,930 units ( )5,768 units ( )4,826 units
- Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 800 valves; order cost is $7 per order; and annual inventory holding costs are $2.15 per unit. D Vendor A units at a time from Vendor C Vendor B Quantity 1-14 15-24 25-99 100-199 200-399 400+ Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Chris Sandvig Irrigation should order (enter your response as a whole number). Vendor A Price $35.00 34.75 33.55 32.35 31.15 30.75 Vendor D Vendor B Quantity 1-24 25-99 100-199 200-399 400+ Price $34.75 34.00 32.80 31.60 30.50 Vendor C Quantity 1-49 50-149 150-299 300+ Price $34.50 33.75 32.50 31.10 Vendor D Quantity 1-149 150-299 300+ Price $34.25 33.00 31.00inventory velocity Supply Chain (upstream, downstream, internal) Components of SCM (i.e. sourcing) Push and Pull models – what are they – think of examples of industries that would benefit using the Push Model. What industries would benefit using the Pull model? The bullwhip effect What is VMI? When the supplier manages the entire inventory process. One way to estimate demand is to take preorders (i.e. Apple) Internet, Intranet, Extranet definitions/understanding What is EDI? Definition of IT Strategic Plan What is NPV? Advantages and disadvantages of purchasing prewritten code (i.e. COTS software) What is the SaaS model? SDLC – know the order Deliverables at the various SDLC stages What is behavioral feasibility? What is a “pilot” conversion? Advantages of end-user development Definition of a project From Hong Kong Natural gasline example in Plug IT #6, they used the traditional waterfall methodology (gather requirements up front) What is scope creep? Causes of IT Project failures How…Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 700 valves; order cost is $10 per order; and annual inventory holding costs are $7.55 per unit. Vendor A Quantity 1-9 10-14 15-49 50-99 100-299 300+ Price $35.00 34.75 33.55 32.35 31.15 30.75 Vendor B Quantity 1-14 15-49 50-99 100-299 300+ Price $34.75 34.00 32.80 31.60 30.50 Vendor C Quantity 1-24 25-74 75-199 200+ Vendor C Vendor B Vendor D Price $34.50 33.75 32.50 31.10 Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Chris Sandvig Irrigation should order units at a time from (enter your response as a whole number). Vendor A Vendor D Quantity 1-74 75-199 200+ Price $34.25 33.00 31.00
- Supply Chain Coordination problem Zamatia makes sunglass at a cost of $35 and sells them to UmbraVisage (UV) for $75. UV sells them for $115 and salvages left over inventory for $25 per unit. Demand is Normal with mean 250 and standard deviation 125. a. What should be the optimal ordering quantity for UV? b. What is the total supply chain profit (UV & Zamatia) given the ordering quantity computed in a? c. What should be the optimal ordering quantity to maximize the total supply chain profit (UV and Zamatia)?Samsung implements a Continuous Inventory System for an electronic component. The inventory manager of Samsung is trying to determine the safety stock and reorder point for that component. It takes 4 days for the supplier to ship the components to Samsung after they receive the order. Samsung expects to have a daily demand of 100 units. The standard deviation of daily demand is 50 units. After a lengthy debate, the management team at Samsung agrees to target an 87% service level. What is the amount of safety stock? If your answer is not an integer, keep two decimal points.Alina Limited is a manufacturer of widgets orders components for use in manufacturing. The estimated demand for the components during the coming year is 15,000. Order costs are $100 per order; carrying costs are $12 per component. Using the economic order quantity model What is Alina Ltd’s optimum order quantity? If the supplier guarantees a three (3) day delivery on any order that is placed, What is the re-order point?
- [8] United States. Your harvest has just come in and you picked 795,000 pounds of apples. You need to distribute the harvest to the appropriate warchouse locations. You manage an apple orchard that distributes fruit throughout the southeast part of the [A] Using the following warchouse information, allocate the apples to their appropriate locations. DEMAND STANDARD DESIRED WARE CURRENT STOCK DEVIATION OF DEMAND HOUSE INVENTORY FORECAST AVAIL- ABILITY Atlanta 35,000 lbs 190,000 lbs 20,000 lbs 95% Miami 10,000 Ibs 170,000 lbs 18,000 lbs 95% Columbia 45,000 lbs 155,000 Ibs 10,000 lbs 85% Memphis 5,000 lbs 145,000 Ibs 25,000 lbs 80% [B] Discuss two additional methods to push inventory into a network.After applying the NWC Rule for the initial tableau of the given transportation model, evaluate the vacant cells. What is the cell which has the most negative evaluation value and what is the cell evaluation value? DESTINATION SOURCE DEMAND X Y N OX-R; 1 OY-S; -1 OX-S; -1 OY-S; -2 P 75 8 12 EI 11 Q 80 5 8 11 R 120 7 10 10 S 50 11 13 14 SUPPLY 100 125 100 325***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 days