The 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.
Answer to relevant QuestionsPerform an ABC analysis for the data provided in worksheet C12P4 in the OM5 Data Workbook. Clearly explain why you classified items as A, B, or C. Environmental considerations, material losses, and waste disposal can be included in the EOQ model to improve inventory management decisions. Assume that the annual demand for an industrial chemical is 1,200lb, item cost is ...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? The forecasted demand for fudge for the next four months is 120, 150, 100, and 70 pounds. a. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts? What is the ending ...Explain why appointments are necessary for many professional services. List and explain some key issues and decisions that must be addressed in designing appointment systems.
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