University of British Columbia Sauder School of Business COMM 399: Logistics and Operations Management Problem Set 1 1. Solution: (a) Inventory build-up diagram: !"#$%&’(#)*$)$+’)‚*(&) %#" %!" $#" $!" #" !" &’(!" &’)#" *’!!" *’$#" *’(!" *’)#" $!’!!" $!’$#" $!’(!" $!’)#" $$’!!" $$’$#" $$’(!" (b) The average number of customers in the system is 12.95. Probably the easiest way to calculate this number is by calculating the area under the graph and then by dividing by
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INVENTORY PROBLEMS: 1. DAT‚ Inc.‚ produces digital audiotapes to be used in the consumer audio division. DAT lacks sufficient personnel in its inventory supply section to closely control each item stocked‚ so it has asked you to determine an ABC classification. Here is a sample from the inventory Records: Develop an ABC classification for these 10 items. 2. A particular raw material is available to a company at three different prices‚ depending on the size of the order: The cost to place an
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account) totaled Nkrl‚200‚000. These goods cost Nkr800‚000 according to their job cost sheets. The balances in the inventory accounts at the beginning of the year were: [pic] Required: 1. Prepare journal entries to record the preceding data. 2. Post your entries to T-accounts. (Don’t forget to enter the beginning inventory balances above.) Determine the ending balances in the inventory
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is fast and their impact on the economy is becoming bigger. How to manage the inventory effectively and efficiently often is a challenge for these small businesses. The study took place at COMETZ II TRADING‚ a company involved in car accessories. For COMETZ II TRADING two inventory problems‚ stock-out and overstock occur frequently. The company wants to improve its efficiency and is con-sidering a change in the inventory management. Cometz II Trading is the one of the biggest supplier of car’s accessories
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This document is about the economic situation of the Irish building material company CRH plc (Cement Roadstone Holdings). CRH plc is the parent company for an international group of diversified building materials businesses which are engaged in the manufacture and supply of a wide range of building materials and in the operation of builders’ merchanting and "Do-It-Yourself" ("DIY") stores. The company is incorporated and domiciled in the Republic of Ireland where it ranks as the largest Irish company
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Chapter 2 REVIEW OF RELATED LITERATURE AND SYSTEM This part shows the related literature and system studies‚ including the topical outline of literature related to the study of Warehouse Inventory System with SMS Alert and Barcode Reader. Review of Related Literature This review is about Bell Electronics Lab Corporation situated in Calamba‚ Laguna March 2007‚ engaging in test and assembly of optoelectronics and sensor devices. The company is concentrating on its resources in metal can packaging
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A STUDY ON RECEIVABLE MANAGEMENT WITH SPECIAL REFERECEN TO CALTEX LUBRICANTS INDIA LIMITED CHENNAI BY J. ELANGOVAN REG NO : 35103077 A PROJECT REPORT SUBMITTED TO THE SCHOOL OF MANAGEMENT In the FACULTY OF ENGINEERING & TECHNOLOGY In Partial fulfillment of the requirements For the award of the degree Of MASTER OF BUSINESS ADMINISTRATION SRM SCHOOL OF MANAGEMENT SRM INSTITUTE OF SCIENCE & TECHNOLOGY DEEMED UNIVERSITY KATTANKULATHUR – 603 302 APRIL – 2005 i BONAFIDE CERTIFICATE Certified
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for the use of funds for investments within the company. In addition‚ over the past year $600‚000 has been the average investment in the company’s inventory. Accounting information shows that a total of $24‚000 was spent on taxes and insurance related to the company’s inventory. In addition‚ it has been estimated that $9000 was lost due to inventory shrinkage‚ which included damaged goods as well as pilferage. A remaining $15‚000 was spent on warehouse overhead‚ including utility expenses for
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In the past 10 years‚ Wal-Mart has grown tremendously to become the largest retailer in the world. Being America’s largest employer and the most successful company‚ Wal-Mart’s influence is unparalleled. Wal-Mart isn’t just the largest retailer in the world‚ over the past several years it has popped in and out of the top spot on the Fortune 500 list—meaning that the firm has had revenues greater than any firm in the United States. Wal-Mart is so big that in three months it sells more than a whole
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FALL 2011 2011 Deadline: October 26‚ Middle East Technical University – Northern Cyprus Campus BUS 361 Operations Management Homework 1 - Solutions 1. Fruit Computer Company manufactures memory chips in lots of ten chips. From past experience‚ Fruit knows that 80% of all lots contain 10% (1 out of 10) defective chips‚ 20% of all lots contain 50% (5 out of 10) defective chips. If a good batch (that is‚ 10% defective) of chips is sent on to the next stage of production‚ processing costs
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