Exercise Lecture 1 – Chapter 2 Inventory Management 1. A drugstore sells bandages for $5 per box. The monthly demand for this product has a normal distribution with a mean of 100 and a standard deviation of 30. The store adopts a continuous review policy in which the order quantity equals the average demand for one month and the reorder point equals 43 boxes. The lead time for an order is one week‚ where each month contains exactly four weeks. a. What is the cycle service level for this product
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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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Executive Summary After analyzing Ford’s existing supply chain I immediately became aware of its highly complex nature. This high level of complexity combined with other internal and external factors that have pushed Ford to search for solutions in order to overcome the costly supply chain challenges that they are facing and may continue to
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States‚ BASF has identified a booming section of the U.S. energy market in the form of natural gas production. Natural gas produced through hydraulic fracking and horizontal drilling through shale has turned America into the largest producer of natural gas in the world. This increase in production‚ combined with the recent nuclear disaster in Japan and continued unrest in the Middle East‚ provides a lower cost energy market that can’t be found in many parts of the world. This low cost energy market
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| Lean and Agile Supply Chain Strategies | Seminar in Business Economics | | 30-03-2012 | Table of Contents Introduction 2 Subject 2 Purpose 3 Problem Formulation 3 Definition of Concepts 4 Theory and Methodology 5 Limitations 6 Structure 6 Exploratory Analysis 7 Lean Supply Chain: Toyota Motor Corporation 7 Agile Supply Chain: Dell 9 Comparison of the Two Strategies 10 Leagile Supply Chain: Hennes & Mauritz 12 Discussion 15 Summary and Conclusion 17 List
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Supply Chain Name: Course: Tutor: Date: The art of being a critique is in its essence quality work‚ and it is the way of the world today. This is the requirement as well obligation for all researchers. If the research material they produce is of low quality and integrity‚ it is not worthy of reading. In this case‚ the literature on supply chain collaboration will undergo the same critical analysis. There are areas that will show if the research is of impeccable quality and value or if it
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Supply Chain Management of J C Penney in perspective of APL Logistics Ltd. 1.0. Introduction Internship report is a mandatory requirement of the Bachelor of Business Administration degree of BRAC University. This report has been designed to portray my on the job internship with APL Logistics from the period of January to April‚ 2007. Being a Customer Service Representative of APL Logistics Limited‚ I had the opportunity to get attached with the supply chain or logistics management department
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MANAGEMENT ASSIGNMENT 1 Strategic management is the analysis‚ decisions and actions undertaken by an organisation in order to create and maintain its competitive advantages (Dess‚G‚ lumpkin‚ G.T & Eisner‚ A). So while undertaking these steps‚ a firm has to consider both its internal and external environment to achieve the necessary goal. In the present day scenario‚ every firm and organisation aims at expanding their businesses in the global markets. Globalization is mandatory for success and endurance
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what is supply chain management? Supply Chain Management is the strategic management and coordination of all traditional business functions within the supply chain‚ with the goal of increasing long-term performance and striving for customer satisfaction at the end point of delivery. Supply Chain Management is a cross-function approach that includes managing the movement of raw materials into the organisation‚ internal processing of materials into finished products‚ and the movement of finished
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SUPPLY CHAIN CASE STUDY- TSINGTAO BREWERY Course Code: OMGT 1021 Course Name: Supply Chain Principles Students: Date of Submission: 13/10/2006 TABLE OF CONTENT Executive Summary 4 1. Introduction 6 1.1 Investigation 6 1.2 Objectives 6 1.3 Assumptions 7 1.4 Scope 7 2. Current Situation 8 2.1 Tsingtao brewery-marketing and business strategy 8 2.2 Tsingtao brewery-supply chain policy and strategy 9 2.3Tsingtao brewery-supply chain management…………………………………………….11 3. IssuesIdentified
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