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Matthew Liotine’s Dream Store sells beds and assorted supplies. His best-selling bed has an annual demand of cont’d 400 units.
Henry Crouch’s law office has traditionally ordered ink refills 60 units at a time.
Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory.
When demand is not constant, the reorder point is a function of what four parameters? How are inventory levels monitored in retail stores?
Explain what is meant by the expression “robust model.” Specifically, what would you tell a manager who exclaimed, “Uh-oh, we’re in trouble.
Describe the difference between a fixed-quantity ( Q ) and a fixed-period ( P ) inventory system.
Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards.
Describe some disadvantages of using a slow shipping method? Besides warehouse layout decisions, what are some other applications where ranking items.
Describe how the bullwhip measure can be used to analyze supply chains? Describe some potentially useful categories to include in a factor-weighting analysis.
Still concerned about the risk in Problem, suppose that Phillip is willing to use one local supplier and up to two more located in other territories.
Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers.
What is the total annual purchasing and transportation cost plus expected annualized disruption cost for option 2?
Last year, the retailer’s weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and 1,350 units for the retailer.
Handfield has daily shipments of a power-steering pump from its Ohio plant to an auto assembly line in Alabama.
Describe some ramifications of the bullwhip effect ? Describe causes of the bullwhip effect and their associated remedies.
Darden Restaurants (subject of the Global Company Profile at the beginning of this chapter), owner of popular brands such as Olive Garden.
Like most other manufacturers, Regal Marine finds that it must spend a huge portion of its revenue on purchases.
Mattress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.5 million and inventory.
Choose a local establishment that is a member of a relatively large chain. From interviews with workers and information from the Internet.
Define supply chain management? What are the objectives of supply chain management?
Explain the principles of SCM and how they provide a framework for planning global supply chain systems and operations
How does one go about finding the quantity coordinates where two constraints cross, not at an axis?
Elizabeth Irwin’s design team has proposed the following system with component reliabilities as indicated.
A medical control system has three components in series with individual reliabilities (R1 , R2 , R3 ) as shown.
RELIABILITY WITH PARALLEL REDUNDANCY A new iPad design that is more reliable because of its parallel circuits is shown below. What is its reliability?