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Ghella [55]
3 years ago
14

1. A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this inventory is used and not r

eplaced, although the uncertainties in supply remain unchanged. What is likely to happen to the operation of the system now?2. Why is vendor-managed inventory considered a lean practice? Does VMI reduce inventory?3. Just as lean systems are also called just-in-time systems, earlier approaches to inven- tory control are sometimes called just-in-case systems. The phrase just-in-case refers to what?4. . What does the lean principle of level scheduling imply about finished goods inven- tory? Is this a contradiction to the philosophy of lean?
Business
1 answer:
Bogdan [553]3 years ago
7 0

Answer:

Answer 1.

In an instance of vulnerabilities in the inventory stays unaltered and inventories being utilized and not supplanted, the organization may miss the mark regarding the provisions to fulfill the need of the clients. Deficiency is just the situation since organization have just arranged the provisions relying upon their prerequisite. On the off chance that the stockpile remains even, the organization will precisely coordinate the interest of the market while in the event of vulnerabilities, there will be deficiencies as it were.  

The activity of the framework may require a move to Just-in-time system to satisfy the needs.  

Answer 2.

Lean work on: Making the business procedure progressively successful by dispensing with the inefficient practices. In, easier words, making high an incentive by utilizing the base assets.  

Seller oversaw stock: It is a methodology where the stock levels (prerequisite of the purchasers) are taken consideration by the providers. The provider pays special mind to the stock degrees of the client and tops off them naturally without looking for the purchaser authorization. Such an agreement for example to not look for authorization is made before-hand.  

VMI is viewed as a lean practice in light of the fact that the provider deals with the stock and timetables the creation as per the necessities of the client. In this manner, wiping out inefficient practices, for example, overproduction, deferred creation.  

Truly, VMI helps in decreasing the stock since recharging of the items happens when these are truly required.  

Answer 3.

Just on the off chance that framework is a stock administration technique which keeps certain measure of assets (man, machine, material) close by so they can be utilized when required without influencing the procedure stream or causing stock-outs.  

In this manner, the expression Just on the off chance that alludes to an any startling situation.  

Answer 4.

Level booking rule alludes to the system answerable for smooth creation stream in a period. The goal of this methodology is to bring down the lopsidedness by coordinating the last item plan with that of the sub-assemblies. To accomplish a level timetable the creation and deals division must work together.  

No, this isn't a logical inconsistency to the way of thinking of the lean. It is on the grounds that, the lean way of thinking likewise takes into account letting down the inefficient practices to improve the procedure and in general effectiveness thus does the level planning searches for.

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Revenue expenditures
solmaris [256]

Answer:

Answer A

Explanation:

Revenue expenditures are the expenditures during period in which the asset has been put into its usage. They are often discussed in the context of fixed assets. For instance if a company installs new equipment and has monthly costs of its maintenance, these costs are revenue expenditures. Therefore, they only present additional costs that do not necessarily increase asset's life.

4 0
3 years ago
The UK economic climate is important for POD Point. It is considering two options to reduce the impact of falling UK consumer in
vivado [14]

The answer should be 1. Focus on selling to foreign countries.

This is because the article stated that the POD business had a lot more awareness on foreign sales production. They had tons of customers with 20% of their profit coming from Norway, and the rate keeps rising by year 3.

Foreign selling creates product awarness with more people being able to buy the product if overseas, making more profit from more people buying. If it were just sold in the U.S, for example, then not as many people could buy the cars, but foreign production can reach out to MANY more people.


5 0
3 years ago
When a packer in the frozen foods section of a grocery store labels a meat steak with little or no fat as "AA" and another meat
NikAS [45]

Answer:

Grading

Explanation: Grading is the process of separating products based on their level of similarity,as the packer tries to separate and label the meat with little or no fat as ''AA'' and another with more fat as ''AB''. This is to ensure easy accountability an to help the consumer in making choice.

Grading system helps for easy tracking of the stock level of different food products available in the grocery store.

7 0
2 years ago
The type of vertical marketing system that achieves coordination at successive stages of production and distribution by the size
satela [25.4K]

Answer:

The correct options are the third and the last:

Option # 3. In a contractual vertical marketing system the firms at different levels of production and distribution work together to achieve greater economies or sales than they would on their own.

Option #5: In an interactive vertical marketing system (VMS) the main members of a distribution channel—producer, wholesaler, and retailer—work together as a unified group in order to meet consumer needs.

Explanation:

Option # 1: In a corporate vertical marketing system or VMS, one member of the distribution channel be it a producer, a wholesaler or a retailer owns all the other members of the channel, thereby having all the elements of production and distribution channel under a single ownership so this is not the correct option.

Option # 2: In an integrated vertical marketing system or fully integrated vertical marketing system only one player manages all the activities (production and distribution), without any assistance from other channel members. So this is not the correct option.

Option # 4: In an administered vertical marketing system or co-ordinated system of distribution channel organization, the flow of products from producer to end-user is controlled by the power and size of one member of the channel system rather than by common ownership or contractual ties. So this is not the correct option.

4 0
2 years ago
Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost
sammy [17]

Answer:

a) ending inventory:     11,850,000

   cost of goods sold: 25,200,000

  gross profit               25,200,000

b)

ending inventory:     1,800,000

cost of goods sold:  23,100,000

gross profit  50,400,000 - 23,100,000 =  27,300,000

Explanation:

5,200 at $600

4,100 at $700

6,200 at $800

purchase 29,000 at $900

-sold 28,000 grills

As we use LIFO we sale from the last purchase thus, 29,000 - 28,000 = 1,000 of this units are added as another layer for the inventory account

<em><u>ending inventory</u></em>

5,200 at $  600

4,100 at $   700

6,200 at $  800

1,000  at $  900

Total    $ 11,850,000

cost of good sold:

28,000 x $900 = $25,200,000

sales revenue

28,000 x 900 x 200% = $50,400,000

gross profit sales revenue less COGS

b) 5,200 at $600

4,100 at $700

6,200 at $800

<em>purchase 15,500 at $900 </em>

-sold 28,000 grills

we check how many layer deep we go:

28,000 - 15,500 at 900= 12,500

12,500  -  6,200  at 800=  6,300

6,300 - 4,100 at 700      =  2,200  at 600

<em><u /></em>

<em><u>Ending Inventory </u></em>

3,000 at $600 = $ 1,800,000

COGS:

15,500 x 900 + 6,200 x 800 + 4,100 x 700 + 2,200 x 600 = 23,100,000

3 0
3 years ago
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