- 7 Medro Mariana Were Discussing One Day About The Reliability Of Their Suppliers Mariana Said You Know Medro The S 1 (127.53 KiB) Viewed 89 times
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ONE-LINE EXPLANATION OF ALL THESE ANSWERS.
7 Medro & Mariana were discussing one day about the reliability of their suppliers. Mariana said: "you know Medro, the supplier for our chicken orders is not very reliable in terms of delivery times. Many times he is late. But this supplier has the best chicken taste from among all the other suppliers. But the late arrivals is hurting our business. What should we do Medro?" Medro replied Jabode and said: “all we need to do is order more than what we need, so that we will have what we need if the supplier's delivery is late." Medro is talking about: (4 Points) a. speculative inventory O b. buffer stock inventory c. hedge inventory d. anticipation inventory O e. none of the above
8 Medro was preparing the inventory الخردل ordering policy for the mustard they use in the menu items. He came up with the following policy: when the inventory level goes down to 4 boxes of mustard, 23 Jaji boxes will be ordered." Which of the following statements is true? (4 Points) a. 23 is the reorder point, and 4 is the order quantity b. 4 is the safety stock, and 23 is the reorder point c. 23 is the number of times you order in a year, and 4 is the number of orders to be made d. 4 is the reorder point, and 23 is the order quantity e. both (a) and (b) are correct
9 Medro & Mariana decided to use the Basic EOQ model for the bottles of ketchup they use to make sandwiches and to place on the tables for the customers. They were analyzing the numbers in the equation and studying their effect on the optimal order quantity of ketchup. Medro said: "if the holding cost were to increase, the EOQ value will increase for sure." Mariana said: “if the ordering cost were to decrease, the EOQ value will increase for sure." Who is right? (4 Points) a. Medro is right b. Mariana is right c. both are right d. neither are right
10 Liliana just opened a small vintage clothing store. She did not know how to manage her inventory. She went to Medro & Mariana for help. They told her: "you need to first set up an ABC system.” Liliana asked for their help. So, they gathered the information for the 10 items she sales and gave them a stock number as shown in the table. After collecting the annual volume and unit cost of each item she sales, they asked her to tell them what she considered to be “A-items" & what she considered to be "C-items.” Liliana said: "I consider "A-items" to have an annual KD-value above 20000 KD, & "C-items" to have an annual KD-value below 8000 KD." Which of the items will be "C" items? (4 Points)
“A-items" to have an annual KD-value above 20000 KD, & "C-items" to have an annual KD-value below 8000 KD." Which of the items will be “C” items? (4 Points) Item Stock # X1 X2 X3 X4 Annual Volume (units) 2000 600 350 1550 100 250 1000 500 1200 1000 Unit Cost (KD) 0.600 14.170 42.860 17 8.500 0.600 90 154 0.420 12.500 X5 X6 X7 X8 X9 X10 a. (X5, X6, X2, X1, & X9) O b. (X1, X5, X9, & X6) 9 O c. (X10, X2, X1, X5, X9, & X6) 9 3 d. not enough information to answer the question
11 Medro & Mariana advised Liliana to make sure she keeps the inventory records accurate for all her items. They suggested to her to count the "A-items" she has in her storage once a week and then compare that number with what is in her data base. They also suggested to do the same with the "B- items" accept to count them every month, and the "C-items" every 3 months. Medro & Mariana were suggesting to Liliana to follow a: (4 Points) a. 3-bin system b. continuous review system c. cycle counting system d. periodic counting system e. none of the above