Integrated Logistics for DEP/GARD Case Study -Tin Yeung Ma -2/27/2014 Tom Lippet‚ sales representative for DEP‚ feels the challenge when the successor of Mike O’Leary‚ Richard Binish‚ becomes the new purchasing agent at GARD who plans to trim the product line in the next three years. His plan to narrow the service window for suppliers from the original 5 days to 3 days in the next three years to the eventually 1 day window forces Tom to consider ways that can increase the performance and service
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1. a. The simulation indicates that 584 is the optimum stocking quantity. Daily profit at this stocking quantity is $331.4346. b. Using the newsvendor model‚ Cu = 1 - 0.2 = 0.8 and Co = .2. Cu /(Cu + Co) = .8. Using the spreadsheet‚ we found Q* = NORM.INV(.8‚500‚100) = 584.16. The simulation and newsvendor model give the same optimal stocking quantity. 2. a. According to the simulation spreadsheet‚ 4 hours of investment in creation maximizes daily profit at $371.33. b. Sheen would choose an
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The federal government is part of our everyday lives. We live by federal law such with the freedoms of U.S. Constitution‚ and we are impacted by federal government decisions such as repairing our infrastructure. The Federal Highway Administration (FHWA) is an agency within the U.S. Department of Transportation that supports State and local governments in the design‚ construction‚ and maintenance of the Nation’s highway system. Through financial and technical assistance to State and local governments
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What logistics management? b. State the six rights in an effective logistics management system. Logistics is defined as process of planning‚ implementing‚ and controlling the efficient flow and storage of goods‚ services‚ and related information from point of origin to the point of consumption for the purpose conforming to customer requirement‚ which also includes the inbound‚ outbound‚ internal‚ and external movements and return of materials for environmental purposes. Logistics Management is the
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Administrative Assistant at the Bank of Delmarva. Mrs. Clevenger informed me how she must constantly check for updates on regulations from the FDIC‚ the Federal Deposit Insurance Commission. The FDIC is a The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability
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Congress created the Federal Reserve System‚ which is the central bank‚ on December 23rd‚ 1913; it revolves around 12 Reserve Banks and 7 Board of Governors. The 12 banks the Fed is separated into are not equally divided—they are based on the importance of their financial activities. The role of the Fed in the U.S. economy revolves around monetary policy by purchasing and selling government securities‚ increasing or decreasing the required reserve ratio‚ and using the discount rate. It also focuses
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EXECUTIVE SUMMARY GLOBAL LOGISTICS AND RISK MANAGEMENT Global supply chain enables companies to expand beyond their domestic markets and expand globally .International supply chain could be viewed as an extension of the domestic supply chain if managed well .There are several forces which determines the success of international supply chain. Global market forces involves pressures and opportunities created by the foreign companies and customers .Overseas business sometimes is a defensive mechanism
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As a result of the Federal Constitution of 1988 enactment ‚ the counties were launched into the status of federate entities‚ and‚ as such‚ achieved legilative‚ political‚ administrative‚ and financial autonomy. Regarding its financial autonomy‚ the counties’s dependence on legal and voluntary intergovernmental transfers has been widely discussed‚ as their own revenues are insufficient to cover all the local governments’s public expenses‚ especially when there is a significant growth in the social
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SUPPLY CHAIN & LOGISTICS MANAGEMENT Homework #1 (Due – April 18‚ 2013) Electronic Submission MS Word MSc ECOM/ICOM assignment submission system File name: hw1 and your HKU ID (e.g. hw1_1234567) Please limit the answer to 1 page for each (sub)question (60%) Case: Dell Inc.: Improving the Flexibility of the Desktop PC Supply Chain (Textbook‚ pp.179-187) 1. a) Why does L5 incur higher manufacturing and logistics costs than L6? What are some of the costs that are incurred in L5 but not
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CHAPTER 8 Distribution Channels and Logistics Management Objective: examining the nature and role of the channels in attracting and satisfying customers The Nature of Distribution Channels • Distribution channels are intermediaries used by the producers to bring their products to the market. • Why? Because the use of intermediaries bring greater efficiency in making goods available to target markets. In other words‚ they match the supply with the demand. • Most important benefit of using intermediaries
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