Answer: 240
Explanation:
The following information can be gotten from the question:
Annual demand (D)= 20000
Daily demand (d) = 20000 / 250 = 80
Ordering cost (S) = 5
Holding cost (H) = 0.5
Lead time (L)= 3 days
The demand during lead time would be gotten by multiplying the daily demand by the lead time. This would be:
= 3 × 80
= 240
Answer:
As background to the answer, it is germane to note that Supply chain management is one of the most crucial task for any global organisation. It speaks to the position of the company and distribution of its product all the way from the producer to the end user.
The two philosophies which are used to help manage operations in supply chain are:
- Just in time philosophy and
- Lean Philosophy
Explanation:
- Just in time philosophy: This originally referred to the production of goods to meet customer demand exactly, in time, quality and quantity, whether the `customer' is the final purchaser of the product or another process further along the production line. It has now come to mean <em>producing with minimum waste.</em> "Waste" is taken in its most general sense and includes time and resources as well as materials.
It main objectives are:
- Continuous improvement
- Eliminating waste.
- Good housekeeping- workplace cleanliness and organisation.
- Set-up time reduction
2. <em>Lean</em> is a concept, a philosophy, a practice, and a set of tools all wrapped in one. For more than 5 decades, businesses have invested time and money adopting the principles of Lean (while originated at Toyota Corporation for manufacturing operations, the principles of Lean have since spread to many types of businesses and functional areas).
It's core objectives are:
- the biggest objectives of Lean Philosophy is to reduce costs and improve customer service
- A Lean organization focuses on providing the best quality within the shortest possible lead time, while minimizing waste throughout your processes (waste being classified as any resource that is not being used properly)
Cheers!
Answer:
maintaining a long-term connection involving trust and mutual respect.
Explanation:
Customer value is created by relationship selling, and in order for this to happen a relationship of mutual trust and respect must be established between the seller and the buyer. And it takes time to build a mutual trust and respect relationship, it is not something that happens immediately. The seller must learn about the customer's needs and must be able to provide specific products or services that satisfy those needs.
In other words, cash flows occur when any of the three activities are performed by the business, whether they flow into or out of the business. Cash flows can be positive or negative, depending on which is greater. cash inflow or cash outflow.
The purpose of the LCR is to “improve the short-term resilience of a bank’s liquidity risk profile by ensuring that the bank has sufficient high-quality liquid assets to withstand a severe stress scenario in his month. to promote and Create additional incentives for banks.
Inflow, defined as total inflow minus surface evaporation and groundwater loss, can be obtained from the volume conservation equation, inflow = outflow + (water level change) x area / (time step). increase.
← Foreign Direct Investment (FDI) Net FDI inflows are the value of the foreign direct investment by non-resident investors in the reporting country. Net FDI outflow is the value of a direct investment in the foreign economy by residents of the reporting country.
Learn more about inflow here;
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Consider the word in question: budget.
Budget is in reference to a limit on money.
Answer B, C and D do not relate to money.
Being financially ($$$) sound is the correct answer.
