Find, describe, and draw an organization’s supply chain and identify the types of inventory in it and if possible, there purpose and how it is monitored and controlled. (The example could be a place you worked such as a call center, restaurant, factory, retail store, hotel, school, or medical office.)
Answer to relevant QuestionsHigh Tech, Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked and packaged, and then shipped to the customer. A fixed order quantity inventory ...The J&B Card Shop sells calendars featuring a different Colonial picture for each month. The once-a-year order for each year’s calendar arrives in September. From past experience the September-to-July demand for the ...Super K Beverage Company distributes a soft drink that has a constant annual demand rate of 4,600 cases. A 12-pack case of the soft drink costs Super K $2.25. Ordering costs are $20 per order, and inventory-holding costs are ...Interview a production manager at a nearby goods-producing company to determine how the company plans its production for fluctuating demand. What approaches does the company use? Using the Excel template Aggregate Planning to try to find the best production strategy for the Golden Beverages example to minimize the total cost. The chase demand strategy has a total cost of $1,835,050, so you should ...
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