Interview a manager at a local business about his or her inventory and materials-management system, and prepare a report summarizing its approaches. Does the system use any formal models? Why or why not? How does the manager determine inventory-related costs?
Answer to relevant QuestionsThe Welsh Corporation uses 13 key components in one of its manufacturing plants. The data are provided in the worksheet C12P3 in the OM5 Data Workbook. Perform an ABC analysis. Explain your decisions and logic. 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 ...How should managers choose an appropriate lot-sizing rule? Should they be chosen strictly on an economic basis, or should intangible factors be considered. Why? Research and write a short paper (2 pages maximum) describing how organizations use aggregate planning options in Exhibit 13.3. Discuss how you decide to schedule your school s. Do your informal scheduling rules correspond to any of those in this chapter?
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