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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Beautician Nowadays everyone wants to look attractive‚ polished and presentable. For this purpose ‘Cut & Bite’ hire services of beauty salons and beautician. These beauticians are also known as cosmetologist. Aim of a beautician is to groom the personality of a person by providing various beauty treatments and through the art of a professional makeup. Whether one can looking for hair styling‚ facial services‚ manicure‚ pedicure‚ massage‚ hair removals or professional casual or party makeup services
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Dell Inc. in 2008: Can it overtake Hewlett-Packard as the Worldwide Leader in Personal Computers? Dell is a global company that delivers products and services in more than 190 countries and over 40000 employees who live and work on six continents. The company deals in enterprise computing products‚ desktops‚ monitors‚ printers‚ notebooks‚ handhelds‚ software and peripherals with a focus on fully integrated improved environmental performance into business. The company had gone through many ups
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Risks in Global Supply Chain Project Thesis Submitted by Kashif Shabab Submitted to Professor Dr. Jan-Philipp Büchler Summer Semester 2011 / 2012 Table of contents 1 Introduction 6 2 Global Supply Chain 7 2.1 Supply chain management: schools of thought............................................................8 2.1.1 The functional chain awareness school……………
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CHAPTER 1 THE PROBLEM: RATIONALE AND BACKGROUND Introduction Hospitality students who graduate today face many challenges when finding a job in today’s competitive job market. Graduates must meet the expectations of the prospective companies as well as recruiters’ expectations. If they are negative‚ it will take a lot of success to reverse the first impression which is marked by frustrated expectations‚ inability to find suitable and decent jobs‚ and inefficient job search. When investment
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Discuss And Illustrate The Economic Justification For Establishing A Warehouse Storage has always been an important aspect of economic development. For manufacturers‚ strategic warehousing offered a way to reduce holding or dwell time of materials and parts. On the outbound side of manufacturing‚ warehouses can be used to create product assortments for customer shipment. An important charge in warehousing is maximum flexibility. Ideally a warehouse will simultaneously provide economic and service
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Question #1: How might Dell use each of the five basic SCM components? Answer: Supply chain management has five basic components - Plan‚ Source‚ Make‚ Deliver and Return (Baltzan & Phillips‚ 2009‚ p.291). To run as a successful business Dell must always have an optimum performance in all those areas. Dell should always plan ahead. Because their policy is not to store raw materials or finished products they have to plan all possible disaster scenarios and must have contingency plan to ensure that
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The Supply Chain of the Next Decade ---A Study on the Context of Global Supply Chain [pic] National University of Singapore Industrial and System Engineering Group Leader: Zhang Juzheng Group Members: Gu Shimin
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Apple Inc. (NASDAQ: AAPL; previously Apple Computer‚ Inc.) is an American multinational corporation that designs and markets consumer electronics‚ computer software‚ and personal computers. The company’s best-known hardware products include the Macintosh line of computers‚ the iPod‚ the iPhone and the iPad. Apple software includes the Mac OS X operating system; the iTunes media browser; the iLife suite of multimedia and creativity software; the iWork suite of productivity software; Aperture‚ a professional
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Int. J. Production Economics 85 (2003) 183–198 The strategic integration of agile and lean supply R. Strattona‚*‚ R.D.H. Warburtonb a School of Engineering‚ Nottingham Trent University‚ Burton St.‚ Nottingham NG1 4BU‚ UK b Griffin Manufacturing‚ Fall River‚ MA‚ USA Abstract Lean supply is closely associated with enabling flow and the elimination of wasteful variation within the supply chain. However‚ lean operations depend on level scheduling and the growing need to accommodate variety and
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