Good Dog Pet Supply (GDP) makes jackets for pet stores nationwide. The company uses approximately 20,000...
3) A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is $5 per silicon chip. The optimal ordering quantity is 6030 chips per order. What is the total annual carrying cost under the optimal inventory management policy? Round to the nearest integer.
Assignment 4.6: Inventory Controls Assignment A 1. A game controller manufacturer uses approximately 31,000 computer chips annually. The chips are used at a steady rate during the 230 days a year that the plan operates. Annual holding cost is $3 per chip, and ordering cost is $120. Determine: a) the optimal order quantity b) the number of workdays in an order cycle 2. The Garble Corporation produces brass rings for its assembly of Fancy Garbles. The firm operates 220 days...
A food processor uses approximately 28,000 glass jars a month for its fruit juice product. Because of storage limitations, a lot size (order quantity) of 4,000 jars has been used. The monthly holding cost is 18 percent of the jar’s cost of $1.00. The ordering cost is $60 per order. The company operates an average of 20 days a month, twelve months a year. The lead time is 6 working days. The product is used uniformly throughout the 20 days....
In 2000, Amy Holland started a small mountaineering gear retail store in Northern Colorado. The store rapidly became known as Holland Gear. Ten years later, Amy had opened four additional retail stores that we covering the major regions in the US. The main product line was a family of in-house designed high-tech jackets that we fully waterproof while being breathable and lightweight. These versatile jackets sold throughout the entire year and their demand was not materially affected by the time...
help? I am a little lost here. ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You plan to open a pet services business that will offer dog grooming, day care and boarding COMPANY PROFILE TAB Determine a company name. B crete (e.g. "Inspiring Dog Care"] Pick a location (e.g. "Chicago") Define your company's vision and mission for how your business will add value to the community COST CLASSIFICATION Accurately classify all of your costs [direct material, direct labor, manufacturing...
1. Marie Company ships products throughout the country. The company has determined that by establishing local collection centers around the country, it can speed up the collection of payments by two and one-half days. Furthermore, the cash management department of their bank has indicated that they can defer the company’s payments on its accounts by two days without affecting suppliers. The bank has a remote disbursement center in Florida. If the company has $5 million per day in collections and $3 million...