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<span> is an inventory </span>strategy<span> companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.</span>
Answer:
The optimal stocking level for the bakery is cakes 27.
Explanation:
Cost c = $ 7
Selling price p = $ 10
salvage value s = $ 5
Mean = 25
Standard deviation \sigma = 8
Cu = underage cost
= p-c
= $10 - $7
= $3
Co = overage cost
= c-s
= $7 - $5
= $2
P\leq C_{u}/(C_{u}+C_{o})
P\leq3/(3+2)
= 0.6
By using normsinv() function in excel we to find the correct critical value
The Z value for the probability 0.6 is 0.2533
The optimal stocking level is
=\mu +z\sigma
= 25 + 0.2533 *8
= 27.02
The optimal stocking level of bakery is 27.02
Therefore, The optimal stocking level for the bakery is cakes 27.
2042 will be the year the fund drys up, based on its current level.
Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels.
Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels. By tightly synchronizing their business operations, enterprise apps enable firms to become more adaptable and productive.
Four main corporate apps are as follows:
- Business systems
- Systems for managing the supply chain
- Systems for managing customer relationships
- Information management techniques
Each of these enterprise applications combines a related set of operations and business procedures in order to improve organizational performance overall.
To learn more about the functional areas of business:
brainly.com/question/28474768
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