CASE 9-1: LOW NAIL COMPANY Question 1: Using the EOQ methods outlined in chapter 9‚ how many kegs of nails should Low order at one time? The EOQ formula is: EOQ = √ 2 (annual use in units) (cost of placing an order) / annual carrying cost per item per year = √ 2 (2000) (60) / 2 = √ 120‚000 = 345 kegs per order Note the 2 in the denominator. That is because‚ on average‚ the rented warehouse space is only half full‚ which‚ makes the average warehousing cost per keg be $2. Question 2: Assume
Premium Question Harshad number 175
Prestige Telephone Company – Case Study In April 2003‚ Daniel Rowe‚ president of Prestige Telephone Company‚ was preparing for a meeting with Susan Bradley‚ Manager of Prestige Data Services‚ a company subsidiary. Partial deregulation and an agreement with the state Public Service Commission had permitted Prestige Telephone to establish a computer data service subsidiary to perform data processing for the telephone company and to sell computer service to other companies and organizations. Mr.
Premium Computer Telephone Computer data
The Joy Luck Club contains different stories about the conflicts between Chinese immigrant mothers and their American daughters. The book opens after the death of Suyan Woo‚ the founding member of the Joy Luck Club. Suyan died before fulfilling her lifetime wish: to be reunited with her twin daughters who was lost in China. So‚ Jing-mei‚ Suyan’s daughter‚ is going to take a trip to China to see them in her mother honor. In my opinion‚ individuality‚ legacy‚ and family were preserved in the families
Premium Family China Amy Tan
Brewing Company is one of many local companies that has been threatened by large corporations. This case focuses on a family-owned‚ local company threatened by decline in sales. The new marketing operations manager‚ Chris Prangel‚ has been faced with the challenge of product innovation to help the company improve sales. The introduction of a lighter beer is the solution Prangel landed on while deciding the company’s future. With many doubts from many company employees including the company owner and
Premium Beer Marketing Brewing
North West Company Case Analysis Barry McLeod‚ Director of Procurement & Marketing Ken Claudel‚ VP of Logistics & Supply Chain Issue Identification Barry McLeod is currently faced with the decision to recommend a supply chain strategy to Ken Claudel as to whether or not implement localization at North West. This is a pull stategy approach as opposed to their current push model. North West is facing low inventory turns which is affecting their inventory costs and warehousing costs
Premium Supply chain management Supply chain Inventory
Reading/Writing Assignment #3 “Luck” 1. In Greek Mythology‚ King Midas was a Phrygian king. He was given the ability to turn everything he touched into gold by Dionysus. The Midas touch can be interpreted as the ability to make money or the ability to make success. Mark Twain applies this in the story “Luck” by comparing Scoresby with King Midas. Because every blunder Scoresby made turned into something worth praising about‚ it seemed like he had the Midas touch. 2. A close reading is a
Premium Dionysus Greek mythology Gold
(a) A leading DIY company is considering expanding its customer base by analyzing the two possible options. The management evaluates the alternatives of increasing the online sales or opening a retail store. The budget is important for implementing the decisions made by the management. The management is choosing the alternatives based on its objective to increase its sales in the upcoming years. These objectives may be stated in terms of the number of units to be produced‚ the desired quality‚ the
Premium Marketing Strategic management Management
SAXONVILLE SAUSAGE COMPANY CASE SUMMARY Saxonville sausage‚ a privately held company has been doing business for 70 years. In 2005‚ the company had revenues of approximately $1.5 billion from a variety of its fresh pork sausages. The company is producing three main types of products namely: bratwurst‚ breakfast sausage and an Italian sausage Vivio. The main source of revenue for the company is bratwurst (70%) followed by breakfast sausage (20%). But since 2004‚ the company is experiencing problems:
Premium Sausage Focus group
Ford Motor Company ~ Case Study THE PROBLEM Despite the revamping effort‚ Ford remains plagued with prolonged Order-To-Delivery (OTD) time periods‚ congested inventories and issues with the procurement processes. After some research‚ these issues appear to be well addressed by the new direct business model of the Dell Computer Corporation. Dell differentiates itself through the utilization of virtual integration‚ an efficient and effective direct business model facilitated by electronic business
Premium Supply chain management Inventory Ford Motor Company
Case 2.7 Campbell Soup Company 2. Suppose that a company uses one or more of the practices that you identified in responding to the previous question. What implications‚ if any‚ do those practices have for the companys independent auditors? The implications for independent auditors are: 1) Companies pose a higher risk 2) More testing would be required 3) Auditors may be allowed to charge a premium fee 4) Auditors’ reputation could be at stake 5) Adjustments required reflecting real earnings
Premium Supreme Court of the United States Income statement Temporary work