The writer is very fast, professional and responded to the review request fast also. Thank you.
700 words, including 1 page of calculations
OBJECTIVES
You know from your prior experience that moving to lean manufacturing (or demand-based manufacturing) can generate not only profitability improvements but also improvements in asset requirements (inventory reduction). Based on this, you wanted to let the Global Supply Chain Manager and her purchasing department know about the kind of inventory savings that might be achievable.
She is already familiar with the classic EOQ formula, of
Q= v2CD / H
Where C = cost of issuing a new purchase order or cost of a changeover in the manufacturing plant; D = demand per period; and H = carrying cost of inventory
To assess the expected level of average inventory, the formula is
Average inventory = Q / 2
where Q = EOQ from the EOQ formula.
In a traditional forecast-driven manufacturing operation, assume the following:
Let the Global Supply Chain Manager and her purchasing department know the following:
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more