# Inventory and Operations Management

Section A (500 words) 1) Appraise the overall operations of the company; particularly comment on its shop floor operations and manufacturing planning and control systems. [10 marks] (500 words only)

Section B (1500 words) 4) Quantify the value of the current inventory and the cost of holding the stock per year for the consumables, assuming an annual holding rate of 27% and that the 10 weeks of stock policy is correctly implemented. [5 (correct formula)+5(correct calculation) = 10 marks] 5)

Segment the consumable inventory based on the value-usage criteria. Present and discuss the results including a graphical representation of Pareto principle. Explain what other segmentation criteria might be used. [5(correct formula of value-usage)+5(correct representation and ABC application +5(listing 5 segmentation criteria) = 15 marks] 6) For a consumable inventory, calculate the total annual cost and re-order point (ROP) for each order. For total annual cost calculate by two models that is average and EOQ. Define and show formulas for all the parameters you are using for calculation with the assumption that demand is constant. Give justification as which model i.e. either average or EoQ is better and why? [2.5 (correct formulas for average and EoQ models)+2.5(correct calculation of average and EoQ models)+5 (justification as why to use average or EoQ)+2.5(correct formula of ROP)+2.5(correct calculation of ROP) = 15 marks]

#Inventory #Operations #Management

Pages (275 words)
Standard price: \$0.00

### Latest Reviews

Impressed with the sample above? Wait there is more

Related Questions

### Maximum transparency to improve community engagement and accountability

Community Health Assessment / Windshield Survey Community Assessment A community health assessment (sometimes called a CHA), also known as community health needs assessment (sometimes called

### Effects Politics and Regulatory Control of Tobacco Use Tobacco use is the primary cause of mortality in the United States

Effects, Politics, and Regulatory Control of Tobacco UseTobacco use is the primary cause of mortality in the United States today. Tobacco use is responsible for

### The Omnibus Budget Reconciliation Act (OBRA), also known as the Nursing

The Omnibus Budget Reconciliation Act (OBRA), also known as the Nursing Home Reform Act of 1987, has dramatically improved the quality of care in the nursing home over

PLEASE make sure you understand what it is I’m asking before make a bid please and thank yoI. NOW their four assignment I need Four

### Analyze the proficiency levels of the students in Ms. Jensen’s

Analyze the proficiency levels of the students in Ms. Jensen’s class to place them into appropriate groups. In a 250 word essay describing how

### Using a Web browser, perform some research on a newer

Using a Web browser, perform some research on a newer malware variant that has been reported by a major malware containment vendor. Using a search

### Discussion Question: Discuss the concept of life review. What are the

Discussion Question: Discuss the concept of life review. What are the goals and benefits of a life review? How is life review similar and different

### Disorders of the endocrine system affect many individuals. Providing multidimensional

Disorders of the endocrine system affect many individuals. Providing multidimensional patient care can be challenging for patients experiencing these disorders. Ensuring the plan of

### This is a continuing assignment; you will be using this

This is a continuing assignment; you will be using this dropbox until you and your faculty mentor approve your topic.  In a 200-word document,

Discussion reply for this  article Monopolistic competition markets typically try to differentiate their products in order to achieve above market returns. These markets ensure that

### How does poetry stimulate the imagination? In this first assignment

How does poetry stimulate the imagination? In this first assignment you will examine its role in the development of appreciation in the natural world

### Learning Objectives Identify the major components of information assurance. Assignment Requirements: Download and readExtending the McCumber Cube to Model Network

Learning Objectives – Identify the major components of information assurance.Assignment Requirements:Download and readExtending the McCumber Cube to Model Network Defense.Write an analysis paper that describes

New questions