Inventory Management

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“Inventory Management” Please respond to the following:

  • 1. Just-in-time(JIT) software is unable to foresee delivery problems resulting from bad weather, labor strikes, etc. Assess how a company using JIT inventory management software should mitigate delivery problems.
  • 2. An increasing number of retailers have installed self-checkout machines. Justify the installation of these machines in terms of costs management, efficiency,productivity, and trustworthiness of customers.

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Inventory Management

Click here to order this assignment @Tutoriage.us. 100% Original.Written from scratch by professional writers.
clement bait and tackle has been buying a chemical water conditioner for its bait (to help keep its baitfish alive) in an optimal fashion using EOQ ANALYSIS. THE SUPPLIER HAS NOW OFFERED cLEMENT A DISCOUNT OF $0.50 OFF ALL UNITS IF THE FIRM WILL MAKE ITS PURCHASES MONTHLY OR $1.00 OFF IF THE FIRM WILL MAKE ITS PURCHASEES QUARTERLY. cURRENT DATA FOR THE PROBLEM ARE : D = 720 UNITS PER YEAR; S= $6.00, I = 20% PER YEAR; P=$25.
A. WHAT IS THE EOQ AT THE CURRENT BEHAVIOUR?
B. WHAT IS THE ANNUAL TOTAL COST, INCLUDING PRODUCT COST, OF CONTINUING THEIR CURRENT BEHAVIOUR?
C. WHAT ARE THE ANNUAL TOTAL COSTS, IF THEY ACCEPT EITHER OF THE PROPOSED DISCOUNTS?
D. AT THE CHEAPEST OF THE TOTAL COSTS, ARE CARRYING COSTS EQUAL TO ORDERING COST? EXPLAIN

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Inventory Management

Click here to order this assignment @Tutoriage.us. 100% Original.Written from scratch by professional writers.
clement bait and tackle has been buying a chemical water conditioner for its bait (to help keep its baitfish alive) in an optimal fashion using EOQ ANALYSIS. THE SUPPLIER HAS NOW OFFERED cLEMENT A DISCOUNT OF $0.50 OFF ALL UNITS IF THE FIRM WILL MAKE ITS PURCHASES MONTHLY OR $1.00 OFF IF THE FIRM WILL MAKE ITS PURCHASEES QUARTERLY. cURRENT DATA FOR THE PROBLEM ARE : D = 720 UNITS PER YEAR; S= $6.00, I = 20% PER YEAR; P=$25.
A. WHAT IS THE EOQ AT THE CURRENT BEHAVIOUR?
B. WHAT IS THE ANNUAL TOTAL COST, INCLUDING PRODUCT COST, OF CONTINUING THEIR CURRENT BEHAVIOUR?
C. WHAT ARE THE ANNUAL TOTAL COSTS, IF THEY ACCEPT EITHER OF THE PROPOSED DISCOUNTS?
D. AT THE CHEAPEST OF THE TOTAL COSTS, ARE CARRYING COSTS EQUAL TO ORDERING COST? EXPLAIN

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Your email address will not be published. Required fields are marked *