Please state these fees please?
Answer: unfreezing
Explanation:
The unfreezing stage of Lewis change process is being regarded as the first stage of change, and in this stage, an organization is being prepared and accept that change is inevitable and necessary and that existing status quo should also be broken.
This is illustrated in what Mr. Henshaw, CEO of MBA Bank did, by deciding that the organization needs to provide more convenient service to customers.
Answer:
The correct answer is A) Motion waste
Explanation:
Motion Waste is any type of waste that is not to the benefit of the customer, or that does not increase the value of the product.
In this example, the question refers to the material handling of the product as excessive, and also lets us know, that this excessive handling happens in serveral processes. None of these increase the value of the product, otherwise they would not be reffered to as excessive, therefore, the question presents a classical example of motion waste, and the production process is not a lean system.
Answer:
a) 250 brackets;
b) Average inventory: 125 brackets; Annual inventory holding cost: $187.50
c) 10 orders;
d) $375
e) 25 days
f) 20 brackets
Explanation:
a) EOQ = square root of [(2* Order Cost per one order * annual demand] / Holding Cost per bracket per year ] = square root of [ 2* 18.75 * 2,500 / 1.5] = 250 brackets.
b) Average inventory = EOQ/2 = 125 brackets; Annual inventory holding cost = 125 x 1.5 = $187.5
c) Orders made annually give EOQ = Annual demand / EOQ = 2,500/250 = 10 orders;
d) Total annual cost of managing (ordering and holding) the inventory = 10 x 18.75 + 187.5 = $375
e) Time between orders = Total annual working days/ orders made per year = 250/10 = 25 days.
f) The reorder point (ROP) = Demand of bracket per working day * lead time = Annual demand * Lead time / total annual working days = 2,500*2/250 = 20 brackets.
