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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What is your evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason? * Virginia Mason Medical Center (VM) hired Owens & Minor (O&M) as its alpha vendor for medical/surgical supplies in 2004. At that time O&M was performing JIT and low unit measure services for VM. Together VM and O&M worked together to create a new supply chain process called the Total Supply Chain Cost (TSCC) pricing program. * TSCC was is an activity-based
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UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS MBA PROGRAMME AN ASSIGNMENT IN PARTIAL FULFILLMENT OF THE COURSE: PROJECT MANAGEMENT (DOM 602) TOPIC: PRINCE2 AND PMBOK® PRESENTED TO: MR. ONSERIO NYAMWANGE PRESENTED BY: OBARE RAKAMBA D61/72991/2012 25 JUNE 2012 PRINCE2 PRINCE2 is an acronym for PRojects IN Controlled Environments. PRINCE2 is a process-based approach for project management‚ providing an easily tailored and scaleable project management
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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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Trang Vi‚ Jiayi Jiang. SCHM 2301- Section 1:35 TF Case: A Comment on Management Attitude 1- Overview of key problems: The case study describes an experience of Dinsmore’s friend coming to visit the Flagship hotel‚ where Dinsmore took over the manager position. This guest focused on analyzing how does the hotel look from the outside and how does the actual business run inside Flagship by the request of Dinsmore. The experience was a nightmare to the guest. All the employees made mistakes from
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1.0 Introduction There are numerous definitions of the terms ‘Sustainable’ and ‘Supply Chain’. For the simplistic but practical definition is “Management of raw materials and services from suppliers to manufacturer/ service provider to customer and back with improvement of the social and environmental impacts explicitly considered”. The supply chain considers the interactions between a business and its customers and suppliers. The greatest benefits are derived by extending the focus as far as possible
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Supply Chain Management in the Textiles and Clothing Industry: Case of Four UK based Companies Introduction Textiles and apparel is a major sector for both the industrialised and the lesser developed economies‚ contributing both to wealth generation and employment. The sector represents a key part of employment in Europe‚ and world-wide‚ and in Europe alone employs in excess of two million people. Turnover for 2000 was Euro 198 billion. The European industry sector is dominated by large numbers of
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1. Describe the type of supply chain used by 7-Eleven. For example are they agile‚ adaptable‚ aligned? 7-Eleven is the largest operator and franchisor of convenience stores in the world‚ with more than 46‚000 outlets and currently selling 500 million litres of petrol‚ $500 million of merchandise and serving almost 80 million customers worldwide. With figures like this‚ you have to wonder how they did it? Aside from the fact that the store operates 24 hours a day‚ 365 days a year and hence adhere
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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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International Journal of Modern Engineering Research (IJMER) www.ijmer.com Vol.1‚ Issue.2‚ pp-747-751 ISSN: 2249-6645 IMPORTANCE OF INFORMATION TECHNOLOGY FOR EFFECTIVE SUPPLY CHAIN MANAGEMENT Prof. Himanshu S. Moharana1‚ Dr. J.S. Murty2‚ Dr. S. K. Senapati3‚ Prof. K. Khuntia1 1 (Raajdhani Engineering College‚ Bhubaneswar‚ Odisha) India 2 (Ex-Head‚ Design‚ RRL‚ Bhubaneswar‚ Odisha) India 3 (Professor‚ Dept. of Mech. Engg.‚ IGIT‚ Sarang‚ Odisha) India ABSTRACT In order to survive and beat the
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