The Eoq Formula

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    Study Notes

    Chapter 7 Supply Chain Management _______ Types of inventory * By stages of production and value added * Raw materials (RM) * Work-in-progress (WIP) * Finished goods (FG) * They’re not equally costly * Finished goods are more valuable * They need to be managed differently * By function * Cycle stock (working stock): amount of inventory that you expect to sell * Safety stock (buffer stock): amount of inventory that you don’t expect to

    Words: 1974 - Pages: 8

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    Inventory Management and Control

    INVENTORY MANAGEMENT AND CONTROL* INVENTORY MANAGEMENT AND CONTROL concerns most managers of agricultural marketing and supply businesses, whether they are retail, wholesale, or service oriented. The value of a manager to an agricultural marketing and supply business depends on his ability to manage inventories effectively. The total cost of maintaining the desired inventory level must be held down to a reasonable figure, but the inventory must also be large enough to permit the company to effectively

    Words: 3513 - Pages: 15

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    Formulas

    FORMULAS CHAPTERS 12, 14, 15 AND 16. CH 12 BREAK EVEN ANALYSIS Sales price EBIT = 0 = units X per unit Break-even level of units variable cost - units X sold per unit total fixed + sold cost total fixed cost = sales price variable cost per unit − per unit Total fixed cost S* = F/ [1 – (VC / S)] Break-even level of revenues = variable cost 1revenues Degree of operating leverage DOLs = Q (P – V) / [Q (P – V) – F] DOLs = revenue before fixed

    Words: 532 - Pages: 3

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    Hnd Student of Hospitality and Tourism Management

    Chapter 1 1.0. Available Sources of Funding to Hospitality Industries Introduction: Hospitality industry in UK has got problems from securing funds through banks which is supposed to be reliable source of business funding. This fact has made it necessary to look beyond banks to assists with the growth of the business. HOSPACE 2013. Ben McClure, 2015 says “it is necessary that hospitality industry considers only financial funding that will not lead the business into future problems”. As if

    Words: 4830 - Pages: 20

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    Operations

    Tujuan Penulisan………………………………………………. 3 1.4. Sistematika Penulisan…………………………………………. 4 Bab 2. Landasan Teori 2.1 Pengertian Economic Order Quanity (EOQ)………………… 5 2.2 Sejarah Economic Order Quantity (EOQ)…………………… 7 2.3 Asumsi-asumsi Economic Order Quanity (EOQ)…………… 8 2.4 Keuntungan dan Kerugian Economic Order Quanity (EOQ). 9 Bab 3. Profil Perusahaan……………………………………………………… 10 Bab 4. Pembahasan Masalah………………………………………………… 12 Bab 5. Kesimpulan dan Saran………………………………………………

    Words: 2198 - Pages: 9

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    Case Four Star Analysis

    Production * Manufacturing * Order Process * Inventory Management Issues * Model Proliferation * Inventory and Demand Mismatch * Poor Order Management Analysis * Safety Stock Analysis * Warehouse Rent Analysis * MOQ v/s EOQ * Production /Assembly Line Analysis Recommendations Conclusion Background: Four Star Industries Private Ltd is the manufacturer and wholesaler of the renowned Four Star Pocketed spring mattresses which was founded by Neo Gim Sin in 1966.

    Words: 2361 - Pages: 10

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    Operation Management

    | Cleaning Time | Waxing time | C1 | 9 | 6 | C2 | 6 | 2 | C3 | 5 | 7 | C4 | 3 | 5 | C5 | 8 | 4 | 41. (7 points) An automobile detailing shop has the following jobs waiting to be processed. All jobs (cars requiring detailing) must first be cleaned, then waxed. a. What processing sequence will minimize the makespan for these jobs? Job | Cleaning Time time | Cleaning Time end time | Waxing time time | Waxing time end time | Waxing time idle time | C4 | 3 | 3 | 5 | 8 | 3 | C3 |

    Words: 1563 - Pages: 7

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    Manager

    MAKERERE UNIVERSITY MAKERERE UNIVERSITY BUSINESS SCHOOL FACULTY OF MARKETING AND INTERNATONAL BUSINESS IMPACT OF INVENTORY MANAGEMENT AND PROFITABILITY OF A COMPANY A CASE OF KK FOODS EXPOTORS LIMITED AMANYA AMOS 12/U/15971/EVE SUPRRVISED BY ATUGONZA FAITH A RESEARCH REPORT SUBMITTED TO MAKERERE UNIVERSITY BUSINESS SCHOOL IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF BACHELOR OF INTERNATIONAL BUSINESS OF MAKERERE UNIVERSITY APRIL, 2015 DECLARATION

    Words: 10590 - Pages: 43

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    Narragansett Yacht Company

    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

    Words: 2145 - Pages: 9

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    Wriston Manufacturing Corporation

    Wriston Manufacturing Corporation By Christy Smith, Marty Hiemstra, Albert Sommerfeld, Mike Peterson, Dawn Buckman Executive Summary Wriston Manufacturing Corporation - Heavy Equipment Division (HED) is a large manufacturer of axles and brakes for the automotive industry. Wriston operates nine plants, eight located in the US and one located in Essex, Canada. Over the last several years, the Detroit plant finances and productivity have become an issue. As a result, an analysis of the plant

    Words: 2447 - Pages: 10

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