Barilla SpA * The spaghetti incident - Maastricht University School of Business and Economics International Executive Master of Finance and Control 20 April 2012 Course – Logistics Prof. Dr. Allard van Riel Pauline Henselmans Jetse van de Kamp Ze Zhu Thiago Barros de Oliveira Rene Lorrier Contents 1. Reasons for the increase in variability in demand in Barilla’s supply chain 3 1.1 Distributed inventories‚ local optimization 3 1.2 Lack of inventory information and
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MATERIAL COSTING & CONROL BY BUKENYA MOSES Lecturer‚ Makerere University Business School-MUBS. MSc. Accounting & Finance-Mak BCom-Accounting-Hons‚ ACCA Level II‚ Email: mbukenya@mubs.ac.ug or mosesbukenya@yahoo.com Mobile Phone contact: +256772881525 MUBS EMBA MAC by Moses Bukenya OUTLINE: Students should be able to understand 1. AIM/purpose/objectives of principles of material Materials cost management. 2. Basic management 3. Procurement cycle 4. Relevant control documents 5. Functions
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total annual costs of exactly which order quantities must be checked to determine the optimal solution? *{3400‚4000‚6000} Consider a company that uses a continuous review system. They currently have 0 units of inventory on have‚ an order of 500 schedule to arrive tomorrow‚ and 50 backorders. Assume that they have a 5-day protection interval‚ and the average daily demand is 100 units per units per day. If they hold 75 units of safety stock‚ how many should you order? *The EOQ amount You are the supplier
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since the strategies for managing inventories critically exploit these characteristics. The first two characteristics of a forecast emphasize the need to estimate the variability of demand in addition to its mean. Building up on the examples of economic order quantity model in chapter 6‚ we discuss the notion of stock-outs (when demands become uncertain)‚ introduce the cycle service level measure‚ and derive the safety stock as a buffer against uncertain demand to provide a certain service level. The
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Mail-Order Operation and prospects of change I-1 Capacity constraints I-2 Extension of the warehouse capacity I-3 Other ways to overcome capacity constraints I-4 The website impact on operations II- Long-term capacity planning issues III- Alternative purchasing policy IV- Overtime payment V- Appendixes Ice House Toys presentation Ice House Toys (IHT) company consists of five shops and one mail-order business. The mail-order operations
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Operations Management I 73-331 Winter 2001 Faculty of Business Administration University of Windsor Final Exam Tuesday‚ April 17‚ Noon – 3:00 p.m. Faculty of Education Neal Building Room 1101 Instructor: Mohammed Fazle Baki Aids Permitted: Calculator‚ straightedge‚ and a both-sided formula sheet. Time available: 3 hours Instructions: This exam has 11 pages including this cover page and 1 page of Table Please be sure to put your name and student ID number on each page. Show your
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table‚ classify the items in A‚ B and C categories according to dollar usage: Item Usage Unit Cost 4021 90 $1‚400 9402 300 12 4066 30 700 6500 150 20 9280 10 1‚020 4050 80 140 6850 2‚000 10 3010 400 20 4400 5‚000 5 a) In descending order: Item Usage x Cost 4021 $126‚000 Category A 4400 4066 6850 25‚000 21‚000 20‚000 B B B 4050 9280 3010 9402 6500 11‚200 10‚200 8‚000 3‚600 3‚000 228‚000 C C C C C b) Determine percentage of items in each
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AN 300 Review Exam 2 I. Forecasting Forecast Errors: MAD‚ Bias * (1) Forecasts are usually wrong. Errors are inevitable and must be expected. (2) Every forecast should include an estimate of error. (3) Forecasts are more accurate for families or groups. (4) Forecasts are more accurate for nearer time periods. Anything that can be done to reduce lead-time will improve forecast accuracy. * Bias indicates the directional tendency of FE <------> MAD indicates the magnitude of
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Department of Decision Sciences San Francisco State University FINAL EXAM QUESTIONS The sample problems below are organized by topic. Where possible‚ answers are given. Disclaimers: • These questions are questions that have appeared on previous years’ (final) examinations. They are for practice only. There is no guarantee that the questions on your finals will be the same‚ or that different professors will give the same types of questions. • Not all 412/786 sections cover the same material
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the problems faced in their inventory management processes. Starbucks follows the EOQ model‚ which involves heavy calculations and predictions. Without the formulas and some basic information about the demands from customers‚ the cost of placing orders‚ and other variables‚ the calculation of the EOQ model will not be able to reach its optimal potential. From this‚ collecting the accurate information for the calculations is vital‚ the company has to acquire reliable and timely sources. Conveying
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