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)
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Answer:
$332.64
Explanation:
Well, $415.80 is the 100% price.
If we want 20% off of this price, we would need the 80% value of $415.80
80% of 415.80 = 332.64
Answer:
d) $60,000 is released into working capital
Explanation:
Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.
the formula for inventory turnover ratio
=Cost of goods sold/ average inventory
If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be
=$800,000 /5
=$160,000
If the firm improves its turnover to 8, then the average inventory will be
=$800,000/8
=$100,000
The firm average inventory will $100,000 as opposed to $160,000 previously.
$60,000 will be released to working capital.
The CPU is sometimes considered the "brain" of the computer
Answer:
you have to pay because it's a trade instead of for an example trading a coat for a meal you would give pay money to get the object.
Explanation:
Hope this helps:)
