...Inventory Management 30 NARRAGANSETT YACHT CORPORATION Narragansett Yacht manufactures fiberglass sailboats which range from 18-foot day sailors to 50foot ocean racing yachts. The company was founded in Newport, Rhode Island, a hotbed of sailing activity, but high labor costs forced it to move its manufacturing operations to Corpus Christi, Texas, in 1990. The boat-building industry is very competitive and highly labor intensive, and profitability depends on getting the maximum efficiency out of the labor force. Narragansett has managed to keep its workforce nonunionized; this means that all of its employees can be shifted from task to task, and Narragansett can thus maintain flexibility. However, the price for this freedom has been a relatively high basic wage rate and a no-layoff policy. The no-layoff policy, in turn, makes it essential that the workforce is kept productively employed; this means that Narragansett simply must not run out of the various parts that go into the assembly of a boat. Therefore, a good inventory management system, which must track a large and varied inventory of parts ranging from inboard diesel engines and masts costing thousands of dollars each to screws and rivets costing only pennies each, is essential. Sailboats are built in sequential steps. First, the major fiberglass components are laid up in molds. To begin, each mold is cleaned and inspected, and if no damage is found, the mold is waxed with an agent which facilitates lift-out...
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...The Indians loved that Williams didn’t take away their land and banish them that in 1636, the Narragansett tribe’s chiefs granted Roger Williams land-use rights to establish Providence on their territory. Not only did the Narragansett tribe grant land rights but another tribe called the Wampanoag helped Williams with the start of the colony. The Wampanoag Indians helped by showing Williams better farming techniques and by showing him good grounds for hunting and catching fish. Most tribes won’t even think about helping white folk, but Williams was special. This is one of the first times in American history where we see colonists and Indians living in...
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...Taylor NyBlom FIN 340 November 10, 2014 Narragansett Yacht Corporation 1. If ordered from Supplier A, the economic ordering quantity for standard 5-inch winches is 209 units. If ordered from Supplier B, the economic ordering quantity is 148 units. 2. Assumptions of the EOQ model include sales needing to be accurately forecasted, sales needing to be evenly distributed, and orders being received on time. These assumptions appear reasonable when applied to Narragansett Yacht. 3. A. If Narragansett buys from Supplier A, 8 orders will need to be placed each year. If they buy from Supplier B, 11 orders will need to be placed each year. B. For Supplier A, the reorder point in 50 units, and for Supplier B, the reorder point is 100 units. 4. The total inventory cost for Supplier A is $14, 388, and the total inventory cost for Supplier B is $10,174. Based on the information developed so far, Narragansett should use Supplier B. Even though Supplier B has a higher reorder point and more orders will need to be placed in one year, the total inventory cost is lower. 5. A. Assuming that the desired safety stock is currently on hand and does not need to be purchased, the total cost of ordering and carrying inventories using Supplier A is $19,563. The total cost of ordering and carrying inventories using Supplier B is $20,524. B. The introduction of safety stocks increases the reorder points. For Supplier A, the reorder point would now be 125 units, and for Supplier...
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...Narragansett Yacht Corporation 1.) What is the EOQ for each supplier? Supplier A: √(1500)(2)(1000)69 = 208.5 209 units Supplier B: √(1500)(2)(500)69 = 147.44 148 units 2.) EOQ Assumptions? First, we are assuming that all values are known and remain constant. This, at first, seems applicable, except that there is mention of sales becoming seasonal. We can, however, assume that the lead time will remain constant (with either of the supplier they choose). The next assumption is that the price remains constant. This we can apply up until the 2% discount also mentioned later. The next assumption is that the whole order is delivered at once, which can be applied. And finally, that we are only discussing one item, which I believe we can assume as it is not mentioned that the suppliers deal with anything other than winches. 3.) How many orders should be placed with Supplier A or Supplier B and when are their respective reorder points? Supplier A: 1500209 = 7.18 times Supplier B: 1500148 = 10.1 times Reorder Times: d x L d= 1500360 = 4.1667 Supplier A: 4.1667 x 10 = 41.7 units Supplier B: 4.1667 x 20 = 83.3 units 4.) Total Inventory Costs: Supplier A: (0.23)(300)(104.5) + 1000 (1500/209) = $14,387.50 Supplier B: (0.23)(300)(74) + 500 (1500/148) = $10,173.56 With the information developed so far, it would appear that Supplier B is the choice to make. 5.) Safety Stock: a. With safety stock, what are the new TIC’s? Supplier...
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...forecasted, there is a constant demand, and inventory can be instantly replenished. If Narragansett buys from Supplier A it would have to make 8 orders a year while with Supplier B it would have to place 11 orders a year. With Supplier A, it would have a reorder point of 42 winches while Supplier B has an 84 winches reorder point. The total inventory cost Narragansett would occur when ordering through Supplier A is $14,388. The total inventory cost through Supplier B totals $10,174. With the total inventory cost being lower with Suppler B than Supplier A it should be assumed that Supplier B would be the cheaper supplier. When taking into consideration a safety stock of 75 for Supplier A and 150 for Supplier B the total additional inventory cost would equal $5,175 for Supplier A and $10,350 for Supplier B. The total inventory cost including the safety stock would be $19,563 for Supplier A and $20,524 for Supplier B. The new reorder points when taking into consideration the safety stock would be 117 winches for Supplier A and 234 winches for Supplier B. Under Supplier, A Narragansett has 28 days after ordering before inventory reaches zero while Supplier B has 56 days. If sales were seasonal the standard EOQ model would not be effective for calculating inventory cost and levels. Under EOQ, it is assumed that there is a relative consistency through the year. It would be more beneficial for Narragansett to use a seasonal moving average to calculate the demands and inventory cost. While...
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...Key terms: brand, commercialization, brand loyalty The article I chose is about different brands that were older and are gaining new life. Basically they are trying to revamp the old products. The first example they gave was the brand Narragansett, which is a type of beer. They actually had a tagline that said “Hi neighbor! Have a Gansett!” So, a man named Narragansett set out to re-launch Narragansett Brewing, bringing back this brand that had been out of existence for decades. Another brand that has been coming back into the mix is Butterfields Candy. Brand ownership is also be legality in these cases and can be the toughest part, says the article. Another issue with re-launching an old brand, is appealing back to the consumer market. Narragansett had to appeal to a different demographic and therefore commercialized differently than the previous brand owner who let down his customers and brought the brand into despair. The brand has commercialized to distributers and consumers by taking a part in beer festivals and other events to try and gain brand loyalty among consumers. What I learned from this article is that a brand can be brought back from down under. You just have to work hard and restructure the process and market consumers correctly. One will need new consumers as well as old consumers to be a success in re-launching a brand and gaining that loyalty. Legalities also play big role, but it can be done with the effort and hard work of the new...
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...vandalism than a military attack, but as so often in the relations between whites and Indians, seemingly inconsequential events had momentous consequences. Plymouth colonists mobilized to retaliate, the Wampanoags prepared to defend themselves, and before long a war was in progress. Fearful colonists wondered how many other tribes would join the Wampanoags and especially worried about the Narragansetts, the most powerful tribe in the area and the Wampanoags’ traditional enemies. Rather than abide fickle friends, the colonists delivered a preemptive strike against the Narragansetts, resulting in the war’s most famous battle, the Great Swamp Fight of December 19, 1675. The governor of Plymouth Colony, Josiah Winslow, commanded the 1,100 man force, composed of soldiers from Plymouth, Massachusetts, and Connecticut and a substantial contingent of Indian allies, including a Narragansett defector who led the army to the concealed encampment. The Narragansetts resisted with valor, but the English gained the upper hand by resorting to fire, as they had previously done along the Mystic River. The Narragansetts had suffered a stunning defeat, but the colonial victory was not cause for unmitigated joy. Colonial casualties were about...
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...Associate Level Material Appendix A Clash of Cultures Complete the grid by describing the characteristics listed in the left-side column for the five groups named. | |Native Americans |Northern Colonists |Mid-Atlantic Colonists |Southern Colonists |West Africans | |Political Structure|There’s a chief of the tribe, who |More involved with trade and |Make money and establish trade |Had their own government. The |Had well-developed system of | | |would have consultants. |industry |zones. |colonists had meetings they wanted|religious beliefs | | | | | |to talk about issues, interests, | | | | | | |or laws. | | |Social System |The elders are the wisest and most| well-drawn social lines; birth |Had varied lifestyles and |Rested on the great planters and |There were 230,000 people working | | |respected. |and pedigree counted for less |participated in many different |the yeoman...
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...Roger Williams studied religious tolerance and the idea of separation of church and state, encountered opposition to his ideas, resulting in the exchange between him and the Narragansett Tribe for land in order to establish the first part of what is now Rhode Island. Roger Williams was , born in England around 1603,. He was an enlightenment thinker, and he explored the ideas of freedom of religion and the separation of church and state. Throughout his early life in England, he witnessed “...heretics whipped, imprisoned, and burned at the stake,” for not practicing the “correct” religion. By the time he had finished his college education, he had already embraced the idea that punishing people for religious dissent was wrong and he called for...
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...Giovanni Da Verrazzano also went and explored Narragansett Bay where Newport, Rhode Island is located. In 1524, he went on his first expedition and landed at Cape Fear, Carolina. As Giovanni Da Verrazzano traveled up the coast, he had a lot of contact with the Native American Tribes of that region. In 1527, Giovanni landed in Brazil to collect a shipment of logwood and then returned to France. In 1528, Giovanni da Verrazzano took three ships and sailed to Florida before he headed south in search of a route to China. Giovanni da Verrazzano continued exploring up North, and passed by the Chesapeake Bay and Delaware Bay because he sailed far from the coast to avoid sandbanks and...
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...Laws in other colonies would not be puritan based or puritan friendly. Supporting evidence: Catholics and Protestants outlawed each other's religions. The Protestant Anglican church was divided into traditional Anglicans and the reforming Puritans, contributing to an English civil war in the 1600s. Colonies carried these ideals Reason 2 to settle here: New England colonies had fairly good relationships with the native Americans. How is this true of this region: The New England colonies had Native American allies in the Pequot war. Roger Williams was also given the land used to create Rhode island. Supporting evidence: The Narragansett and the Mohegan natives allied with Massachusetts Bay, Plymouth, and Saybrook colonies in 1636-1638 to defeat the Pequot natives. Roger Williams peacefully purchased the land from the Narragansett natives. How is this worse in the other region A: In the southern colony of Virginia the Powhatan war led to the deaths of many colonists and led to the end of the Indian power the Powhatan. Supporting evidence: Settler in the tidewater section of Virginia ended the Powhatan people after the new leader of the Powhatan, Opencanough, led a sudden attack against the colonists. How is this worse in the other region B: Other relationships with Native Americans were tarnished because of southern need of land for tobacco. Mid-Atlantic colonies faced hostility from the natives at the start. Supporting evidence: In Delaware...
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...Another name for King Phillip’s War is the First Indian War. It took place between 1675-1678. The war was between the the colonists of New England and a group of Native Americans. The leader of the Native Americans was the new chief of the Wampanoag tribe. His name was Metacomet. Metacomet’s English nickname is King Phillip. Some of the tribes fighting on the Native American side were the Nipmuck, Podunk, Narragansett, and Nashaway. The tribes such as Mohegan and Pequot fought on the colonists sides. The war was fought in the present day states of Massachusetts, Connecticut, Rhode Island and Maine. About 50 years after the first colonists came to Plymouth Rock, the colonies started to expand into Native American territory which caused conflict....
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...In Mary Rowlandson’s Narrative, “Narrative of the Captivity and Restoration of Mrs. Mary Rowlandson”, she recounts her experience about being captured by Narragansett Indians. Throughout this text, Rowlandson makes it clear she believes that she survived only because of the help of the Lord. This narrative is written for a Catholic audience in hopes of sharing her experience of how the Lord guided her through her tough journey. Rowlandson makes a parallel between her captivity story and the bible when she claims there were “twenty-four” people captured by these “ravenous beast” to convey the idea that not only were the ones captured, including herself, among God but also the Narragansett tribe, that initially come off to be horrible individuals,...
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... and people to live in the forests, At this time the Great Snake came out from his hiding place under the sea. The muskrat still shows his knowledge of how the world was made by building his house in its shape, a dome. The people had learned from him and their houses were dome shaped also" - Excerpt from the Nipmuc Creation Myth Quinsigamond is a name that might strike some as odd. Who came up with it and what is it referring to? Quinsigamond in the Native American Algonquian Language means “the pickerel ( or long nose ) fishing place” and was the old name of what we now know as the city of Worcester, MA. Algonquian is the common language of the Nipmuc people who inhabited much of Worcester county along with the Pequot, Narragansett and Pennacook. They were the earliest inhabitants of the area long before the English ever set foot in central Massachusetts. What were they like? What's their story? Are they still among us? The Nipmuc People and Culture: The name Nipmuc means “the fresh water people”. It refers to the Native-Americans living in central Massachusetts. They were not a cohesive tribe like other Indians but made up of independent bands...
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...Relations between Indians and English Colonists were anything but docile. Neither side was solely at fault. Both the Indians and the colonists held a violent nature with one another. The tensions started to boil increasingly as settlers encroached more and more onto claimed Indian lands. The actions taken by both sides shaped the relationships in a negative way. Some tribes and settlers formed alliances between small tribes and towns; however, the majority of the relationships were murderous. Prior to the French and Indian war, hundreds and hundreds of innocent American Indians were killed, among them women and children. Each region, New England, Chesapeake, Spanish Southwest, New France and New York proved to deal with different issues than a neighboring region. The settlers were not the only violent offenders. American Indians attempted to hold their ground, and a number of tribes even attacked English Colonists. Not only was there violence but many other factors contributed, including religion. Actions committed by both sides shaped the relations in different ways for different regions. New England relations with American Indians Initially, the relations between colonists in New England and the coastal Indians were friendly. The Indians offered a helping hand to the colonists. As the Englishmen were developing their colonies, the Indians helped shape the economy. Settlers were eager to move off the coast and more inland. When the settlers pushed farther and farther inland...
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