If all SKUs in a warehouse are replenished (ordered from the supplier) at the same time, the difference between the number of storage locations required for random as opposed to dedicated storage would be __________ than if SKUs are replenished at different times from each other.
Less significant |
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More significant |
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No different than |
If all SKUs in a warehouse are replenished at the same time, the difference between the number of storage locations required for random as opposed to dedicated storage would be more significant.
This is because the warehouse manager has to keep storage location for the random products as well since they have been replenished at the same time as dedicated storage products. Hence the storage space for these products is also to be ensured and space has to be reserved for these products as well.
If all SKUs in a warehouse are replenished (ordered from the supplier) at the same time,...
19 Two Suppliers produce the exact component for a particular Customer. Random samples were drawn from the last lot sent in by each Supplier to see if they had any significant difference. Supplier "A" had a mean of 1.607" with a standard deviation of.0020 from a sample of 10 parts. Supplier "B" had a mean of 1.606" with a standard deviation equal to 0018 from a sample of 10 parts. The Customer target value is 1.606". Supplier "B" charges $3.00...
calculate: PART A: Delivery times for shipments from a central warehouse are exponentially distributed with a mean of 2.63 days (note that times are measured continuously, not just in number of days). A random sample of 143 shipments are selected and their shipping times are observed. Approximate the probability that the average shipping time is less than 2.29 days. Enter your answer as a number accurate to 4 decimal places. PART B: A manufacturer knows that their items have a...
Two marbles are released from the same height. The first marble is released at time t = 0; the second marble is released at a later timet- (a) At timet i, what is the difference in the speeds of the two marbles? (you may use g to represent the magnitude of the acceleration of gravity.) (b) For times t is the difference in speeds larger, smaller or the same as the difference in the speeds in part (a)? (c) At...
Hahn Manufacturing purchases a key component of one of its products from a local supplier. The current purchase price is $1,500 per unit. Efforts to standardize parts succeeded to the point that this same component can now be used in five different products. Annual component usage should increase from 150 to 850 units. Management wonders whether it is time to make the component in-house, rather than to continue buying it from the supplier. Fixed costs would increase by about $60,000...
Answer all the question 1. Warehousing provides time and place utility for three types of inventory (raw materials-semi finished items-stocks), allowing firms to provide customer service and optimize costs. Classify the factors affecting a company's decisions on the number of warehouses to be used, and give two examples. (6 marks) 2. The function of Warehousing aims typically to satisfy customers' needs and requirements while utilizing space, equipment, and labor effectively. Discuss the role of Warehouse operations in satisfying customers? (Minimum...
6) Two Suppliers produce the exact component for a particular Customer. Random samples were drawn from the last lot sent in by each Supplier to see if they had any significant difference. Supplier “A” had a mean of 1.607” with a standard deviation of .0020 from a sample of 10 parts. Supplier “B” had a mean of 1.606” with a standard deviation equal to .0018 from a sample of 10 parts. The Customer target value is 1.606”. Supplier “B” charges...
Hahn Manufacturing purchases a key component of one of its products from a local supplier. The current purchase price is $ 1 comma 450 per unit. Efforts to standardize parts succeeded to the point that this same component can now be used in five different products. Annual component usage should increase from 150 to 700 units. Management wonders whether it is time to make the component in-house, rather than to continue buying it from the supplier. Fixed costs would increase...
Tasmanian exporters pay less than $500 a container to ship goods from Melbourne to China. At the same time, the cost to ship the same goods from Tasmania to Melbourne is at least two times higher. Explain the significant difference between these two rates. Accordingly, provide solutions to reduce the cost of Bass Strait shipping.
1. The time in minutes of labor required to complete a job at a bike shop is distributed according to a log-normal distribution with parameter values μ-3.8 and σ2-0.5 (these are not the same as the mean and variance of this random variable, see formulas). Assume that the times, X, required for the next 35 jobs are also independent so that X, LN(3.8,0.5) for j-1,.,35 is an lid collection of random variables. (a) Calculate the probability that the average number...
MARS, Inc. (D) In January 2009, Tom Sosa, the purchasing manager, received a telephone call from their Columbus, Indiana, diesel engine supplier informing him that effective June they were no longer producing the D-342 diesel engines at the Columbus plant. The D-342 engine sales were decreasing and would no longer be in their product line. Tom was in shock. He was now forced to deal with the sole supplier of the D-342 located in Portland, Oregon. The most recent price...