Lmgt Contemporary Logistics 11th Edition Assignment 8 Asw

In: Business and Management

Submitted By impervi0s
Words 477
Pages 2
1. Why is maintaining the right “balance” of inventory a challenge? Because it affects the tradeoffs in inventory carrying cost and stock out costs, as well as the after values.
2. What are the four (4) types of inventory classifications? Base, buffer, in transit, and speculative stock.
3. What are the components of inventory carrying costs? Obsolesce costs, inventory shrinkage, storage costs, handling costs, insurance costs, interest costs, taxes.
4. Calculate the inventory carrying cost if weekly demand is 130 units, the value of the item is $70 and the carrying cost is 18% of the item value. For this (formula beings: inventory carrying cost = cost of owning inventory per year/inventory value AND/OR carrying cost x inventory value) I’ve received a few different answers that no matter how right I do the formula and plug in the numbers do… do not look right, at all: 2,628,888.889 as well as 50555.555556 and 505%.
5. If your average daily demand is 70 units, and the replenishment cycle (lead time) is 5 days; with 60 units of safety sock, what is the re-order point? Once again, received ridiculous answers.
6. What two costs are involved when calculating economic order quantity (EOQ)? The cost of carrying inventory and the cost of ordering the inventory.
7. Explain ABC inventory analysis, and the reasoning for its use. It’s an approach used during the reviewing of inventory, acknowledging that not all inventory holds the same value apply a rating system ranging from A to C. 80/20 rule.
8. What are some options of dealing with dead inventory? Include partial or full payment along with a no return policy, market the dead stock, sell the inventory to someone who specializes in dealing with dead inventory, or donate the dead inventory to charitable causes.
9. If your cost of goods sold for the year was $825,000, with beginning inventory of $240,000 and ending…...

Similar Documents

Logistics Week 1 Hand in Assignment

...My organization is a financial institution. Majority of our transactions has to do with moving funds from one location to another as instructed by the customer. Strategy is “ a deliberate search for a plan of action that will develop a business’s competitive advantage and compound it” (Montgomery and Porter 1991). Due to the kind of service we offer, we tend to invest heavily in Information Technology to enhance efficiency and seamless transactions as most strategies we deploy depend heavily on the effectiveness of these IT platforms. Customers want to be able to handle all their transactions by the click of a button and this is where lean and agile logistics aids the organization by the use of Information technology to give the customer this versatility, convenience and speed. Green logistics is also practiced here because paper used in banking hall transactions are minimized when customers handle their transactions online. Also, some level of transaction approvals are done online thus reducing a high percentage of paper usage which leads to preservation of more trees. (Week one lecture notes) Our kind of environment makes it mandatory for customers to trop into the branches towards the weekend, it now falls on our cash management team to make sure that excess and deficit cash is distributed evenly and timely at branches where cash pick up and drop off is being carried out. Due to the kind of cash dependent economy we operate in , some high net......

Words: 629 - Pages: 3

Assignment 8

...Waubonsee Community College Assignment 8 - Page 583, Exercise #4 CIS116 - Structured Program Design Table of Contents Introduction ...................................................................................................................................................................1 Submit Instructions........................................................................................................................................................1 Sample Solution - Exercise #3, Page 583 .......................................................................................................................1 Problem Description ..................................................................................................................................................1 Wireframe diagram ...................................................................................................................................................2 Pseudocode for button's click event .........................................................................................................................2 Flowchart for the button's click event .......................................................................................................................3 Introduction The purpose of this Assignment is to provide you with experience in working with loops in a flowchart. The problem specifications are as follows: For your reference, a sample problem......

Words: 326 - Pages: 2

A Logistic Network Design in China Assignment

...1 Assignment I In this section, I provide a COG procedure for designing 1 DC for the company, and an NLP method for the 2-DC assignments. 1.1 Single-DC Location Design Apart from what the problem has given, we only need to determine the exact geometric locations of the 6 cities. And I use longitudes for x-coordinate value and latitudes for y-coordinate value. The fundamental information is presented as follows: For an approximate COG, we just compute City Nan Chang Xi’an Beijing Shanghai Guangzhou Chengdu Longitude 115.9 109 116.4 121.4 113.2 104.1 Latitude 28.7 34.3 39.9 34.5 23.2 30.7 Volume(Vi ) 1000 800 600 400 500 300 Rate(Ri ) 0.5 0.7 0.8 1.8 1 0.6 Table 1: Fundemantal information of the 6 cities Vi Ri Xi ¯ X0 = i i Vi Ri Yi ¯ , Y0 = i i Vi Ri Vi Ri (1) And use it to be the initial value of an exact COG, which iterates as follows: Vi Ri Xi /di i Vi Ri /di (n) ¯ Xn = i (n) ¯ , Yn = i Vi Ri Yi /di i (n) Vi Ri /di (n) (2) Results of the two COG are presented next.(see .xls file for details) 1 Iteration 0 1 2 3 DC Longitude 114.8 115.1 115.3 115.3 DC Latitude 32.2 32.0 31.8 31.8 Cost(RMB) 20607 20565 20555 20552 error(0.1%) 2.7 0.1 0.0 0.0 Table 2: Iteration results for COG After 3 iterations, the algorithm terminates because the results turn stable. And from the table we see that every step the iteration improves the results, but do not differ from the approximation result too much.......

Words: 1251 - Pages: 6

Strategic Management, 11th Edition, by A. A. Thompson & A.J. Strickland.

...preparing intensively for each class and where you have latitude to work assigned readings and reviews of lecture notes into your schedule, a case assignment requires conscientious preparation before class. You will not get much out of hearing the class discuss a case you haven't read, and you certainly won't be able to contribute anything yourself to the discussion. What you have got to do to get ready for class discussion of a case is to study the case, reflect carefully on the situation presented, and develop some reasoned thoughts. Your goal in preparing the case should be to end up with what you think is a sound, well-supported analysis of the situation and a sound, defensible set of recommendations about which managerial actions need to be taken. To prepare a case for class discussion, we suggest the following approach: Read the case through rather quickly for familiarity. The initial reading should give you the general flavor of the situation and indicate which issue or issues are involved. If your instructor has provided you with study questions for the case, now is the time to read them carefully. Read the case a second time. On this reading, try to gain full command of the facts. Begin to develop some tentative answers to the study questions your instructor has provided. If your instructor has elected not to give you assignment questions, then start forming your own picture of the overall situation being described. Study all the exhibits carefully. Often,......

Words: 843 - Pages: 4

Contemporary Business Assignment 1

...Assignment 1: Corporate Responsibility and Marketing Strategies Dustin Quintana Stayer University BUS508 Dr. Brian Grizzell March 6, 2014 Introduction In the corporate world, it is easy to think that the ultimate goal is to make profits. However, it is this type of thinking that can ultimately lead to the failure of an organization. When a company simply thinks of profits, it is likely to find itself in trouble with the government, with stockholders, and with the public. In today’s world, more so than ever, it is important for a company to thinking about its ethical and social responsibilities to its employees, its consumers, its shareholders, and to the general public. By focusing on ethical and social responsibilities, a company is likely to be able to gain recognition as a good employer, a good investment, and a good company to purchase products and services from. One company that has come into the spotlight in recent years for ethical and social responsibility adherence and violations is Apple. The technology giant is very well known for its products and services and is widely recognized as an industry leader in the development of new technologies in several fields. Apple has even gained a reputation as a good employer. Yet, despite all of this, Apple has not been able to avoid the spotlight for having shortfalls in its ethical and social responsibilities. Examine Apple’s current position on the company’s ethical and social responsibilities, and......

Words: 2593 - Pages: 11

Quantitative Analysis for Management 11th Edition

... Quantitative Analysis For Management ELEVENTH EDITION BARRY RENDER Charles Harwood Professor of Management Science Graduate School of Business, Rollins College RALPH M. STAIR, JR. Professor of Information and Management Sciences, Florida State University MICHAEL E. HANNA Professor of Decision Sciences, University of Houston—Clear Lake Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo To my wife and sons – BR To Lila and Leslie – RMS To Susan, Mickey, and Katie – MEH Editorial Director: Sally Yagan Editor in Chief: Eric Svendsen Senior Acquisitions Editor: Chuck Synovec Product Development Manager: Ashley Santora Director of Marketing: Patrice Lumumba Jones Senior Marketing Manager: Anne Fahlgren Marketing Assistant: Melinda Jones Senior Managing Editor: Judy Leale Project Manager: Mary Kate Murray Senior Operations Specialist: Arnold Vila Operations Specialist: Cathleen Petersen Senior Art Director: Janet Slowik Art Director: Steve Frim Text and Cover Designer: Wee Design Group Manager, Rights and Permissions: Hessa Albader Cover Art: Shutterstock Media Project Manager, Editorial: Allison Longley Media Project Manager, Production: John Cassar Full-Service Project Management: PreMediaGlobal Composition: PreMediaGlobal Printer/Binder: Edwards Brothers Cover Printer: Lehigh-Phoenix......

Words: 139196 - Pages: 557

Contemporary Logistics

...Homework #1 Assignment #1: Chapter 1 Questions 1.1 Did it surprise you that logistics has such an important economic impact? Why or why not? I was not surprised at all, in my previous research I have learned that shipping industry has played a major role in our economy and that foreign trade accounted for 13% of US GPD. As of today about 90% of America’s overseas foreign trade is moved by ships and according to recent projections the foreign trade will be up to 35% of our GPD by 2020. Because some of us are working in supply chain management and may have a freight forwarding experience some of the materials presented in the textbook are old news. 1.2 Distinguish between possession, form, time, and place utility. Possession utility refers to the value or usefulness that comes from a customer being able to take possession of a product and can be influenced by the relevant payment terms. Form utility refers to a product’s being in a form that (1) can be used by the customer and (2) is of value to the customer. Time utility refers to having products available when they are needed by customers while place utility refers to having products available where they are needed by customers. 1.3 How does logistics contribute to time and place utility? Logistics contributes to time utility by recognizing that different products have different sensitivities to time. For example, a three-day late delivery of bananas likely has more serious consequences than a three-day late delivery...

Words: 2027 - Pages: 9

Logistics Assignment

...Assignment 1: International distribution paper; deadline: June 3rd (week 5) The paper should contain a minimum of 2000 words (4 A4’s) + pictures / diagrams etc. (added to the 4 A4’s) - 2 A4’s consist of a summary on the subjects within the theme International Distribution, incl. literature list (min. 5 references) - 2 A4’s consist of a case study applying the theoretical knowledge of the first A4’s to a company of your own choice - Literature list (min. 5 written references, no URL’s) - ½ A4 (250 words) consists of your own opinion about the paper Assignment 1: International distribution paper; deadline: June 3rd (week 5) The paper should contain a minimum of 2000 words (4 A4’s) + pictures / diagrams etc. (added to the 4 A4’s) - 2 A4’s consist of a summary on the subjects within the theme International Distribution, incl. literature list (min. 5 references) - 2 A4’s consist of a case study applying the theoretical knowledge of the first A4’s to a company of your own choice - Literature list (min. 5 written references, no URL’s) - ½ A4 (250 words) consists of your own opinion about the paper Assignment 1: International distribution paper; deadline: June 3rd (week 5) The paper should contain a minimum of 2000 words (4 A4’s) + pictures / diagrams etc. (added to the 4 A4’s) - 2 A4’s consist of a summary on the subjects within the theme International Distribution, incl. literature list (min. 5 references) - 2 A4’s consist of a case study applying the......

Words: 4074 - Pages: 17

Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle

...Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle To Download This Tutorial Visit below Link http://www.studentsoffortunes.com/downloads/advanced-accounting-solution-manual-test-bank-11th-edition-hoyle/ (Product Type) : Instant Downloadable We invite you to browse through our store and shop with confidence. We invite you to create an account with us if you like, or shop as a guest. Either way, your shopping cart will be active until you leave the store. All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free to Contact us: studentsoffortunes@gmail.com For More Tutorials Visit: ( http://www.studentsoffortunes.com/ ) (Product Description) Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle To Download This Tutorial Visit below Link http://www.studentsoffortunes.com/downloads/advanced-accounting-solution-manual-test-bank-11th-edition-hoyle/ (Product Type) : Instant Downloadable We invite you to browse through our store and shop with confidence. We invite you to create an account with us if you like, or shop as a guest. Either way, your shopping cart will be active until you leave the store. All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be downloaded by clicking on Tutorial Bucket.......

Words: 1261 - Pages: 6

Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle

...Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get......

Words: 925 - Pages: 4

Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle

...Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get......

Words: 925 - Pages: 4

Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle

...Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get Tutorial http://homeworklance.com/downloads/advanced-accounting-solution-manual-test-bank/ Description: Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Advanced Accounting Solution Manual & Test Bank 11th Edition by Hoyle Follow Link Below To Get......

Words: 1184 - Pages: 5

Assignment 8

...Assignment 8 Chapter Exercise Question 1. The goal of system design is to build a system that is effective, reliable and maintainable. A system is reliable if it handles input errors, processing errors hardware failures, or human mistakes. A system is maintainable if it is flexible, scalable and easily modified. A system is effective if it supports business requirements and meets user needs. For a successful design you need to think like user, anticipate future needs, and provide flexibility. 2. Industry leader IBM believes that the best interfaces are the ones that users do not even notice, they make sense because they do what users expect them to do. 3. There are seven habits of successful interface designers. IT professional have different view about interface design, however, most agree that good designs depend on seven basic principles. The interface designer must understand the underlying business function and how the system supports individual, department and enterprise goal. A well-designed interface can help users learn a new system rapidly and be more productive. A system analyst should understand user experience, knowledge and skill levels. From a user’s viewpoint, the interface is the most critical part of the system design because it is where he or she interacts with the system. Interface designers should focus on usability of the interface and invite feedback from the users. Lastly you should document everything, all screen designs for later use by...

Words: 1049 - Pages: 5

Assignment 8

...CSEC610 - Individual Assignment Due date: End of Week 8.  Objective: Assess the vulnerabilities of an organization’s hardware and software systems, transmission media, local area networks, wide area networks, enterprise networks, Intranets, and its use of the Internet to cyber intrusions. Competencies: Critical thinking Instructions: In 8 -10 double-spaced pages develop an argument for what you believe is the single most important cybersecurity vulnerability facing IT managers today. The paper should include at a minimum a complete description of the vulnerability, the reasons why it is the most important, the impact of this vulnerability on organizations and how organizations can best address its potential impacts. (Note: A vulnerability is a security weakness; a vulnerability is not a security threat.) Prepare your paper in Word. Include a cover page, an abstract, table of content, and a minimum of 5 sources. The citations and the reference list in the paper should be formatted in accordance with APA 6th edition guidelines. Before you submit your paper, you will need to run your assignment through Turnitin.com and receive an originality report. DO NOT WAIT TO THE LAST MINUTE TO DO THIS. It might take several hours to do this. Resubmissions can take a day or more. For instructions, go to the "Turnitin Instructions" and review the posting entitled "Basic Turnitin Instructions."Note: Assignment = "Paper 1". After it meets all of the stated criteria, attach the paper AND...

Words: 302 - Pages: 2

Emery Assignment Global Logistics

...Global Logistics – INTL222-001 Emery Assignment Alternative 18 November 2015 I am about to ship precision instruments on 1 pallet. The cost of the goods is $2, 000, 000, 00. The interest rate is 6%. The trip takes 1 day by air and the air freight carrier will charge $4,500.00. The trip takes 21 days by marine vessel and will cost $300. The cost of lost interest over the length of the transit time (opportunity cost) needs to be factored into the total cost of transportation for each mode. Hint: first calculate the cost of lost interest per day. 1. What is the difference in “Total Cost” between the 2 methods excluding duty and tax which would be the same in either case? (Show your work). (2,000,000.00 x 0.06)365 = 328.77$ Interest per day 2,000,000.00 + 328.77 + 4,500.00 = 2,004,828.77$ Total Cost by Air 2,000,000.00 + 328.77 (21) + 300.00 = 2,007,204.17$ Total Cost by Marine Vessel 2,004,828.77 - 2,007,204.17 = 2,377.40$ Difference in cost between Air & Marine 2. How many days do the goods have to travel by marine vessel before the cost of the 2 modes of transport is roughly equal? 2,007,204.17 / 21 = 95,581.15$ 2,004,828.77 / 95,581.15 = 20.97 Days 3. Which transport method do you recommend? I suggest transporting the item via air, because it will take less time which is 1 day versus 21 days and cheaper for 2,377.40$ in compare to shipping it via marine vessel. Prepare a brief report to submit by the end of class formatted with an......

Words: 628 - Pages: 3