>supply chain resource planning (operations managementQuestion 1 Based on the following historical data determine the optimal order quantity safety stock and reorder point for a perpetual system cost of placing an order = $29 annual carrying charge = 17% warehouse capacity = 1000 units value of an item = $400 annual demand for the item = 2475 units number of operating days in a year = 360 stockout cost per unit = $29 average lead time = 8 days standard deviation of lead time = 4 days standard deviation of daily demand = 3 units distribution of demand during lead time = normal Briefly explain how this system would work in a company Question 2 As part of an annual evaluation of its four suppliers of xyz a firm gathered data on three criteria: on-time delivery percent defective and error-free order fulfillment. On-time performance was assigned a rating of 60%; percent defective was assigned a rating of 30%; and error-free fulfillment was assigned a rating of 10%. The data collected over the past year is given below: Based on the firm’s criteria if the weighted point approach is used which supplier performed best? If the dominant characteristic approach is used which supplier performed best?
Any citation style (APA, MLA, Chicago/Turabian, Harvard)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.