KC Engineering Works (KCEW) sells compressors for air conditioning units to several HVAC dealers in the Midwest region. The annual demand for the compressors is 65,000 units. For the reasons of simplicity assume that the demand is uniform throughout the year. Each compressor unit weighs 10 lbs. KCEW buys the compressors at $130 a piece directly from the manufacturer based in Louisville, KY, in batch sizes that minimize its overall cost. They maintain a safety stock that is 25% of the demand during the lead-time and that the holding cost is 18% of the cost per compressor per year. They have received the following transportation proposals from different providers. Assume 260 days per year. (1 cwt = 100 lbs)
UPS Supply Chain Solutions
a) What is KCEW’s annual holding cost for pipeline stock if KCEW uses C.H. Robinson as the transportation provider?
b) What is the average safety stock at KCEW (in units of product) if KCEW uses BNSF Railway as the transportation provider?
c) Ignoring the annual purchasing cost of the compressors (which is $130×65,000 = $8.45M), what is the total annual cost of KCEW if it buys compressors in batch sizes of 2,600 units (i.e., follows a fixed order quantity inventory policy) and uses UPS Supply Chain Solutions as the transportation provider?
d) Should KCEW increase its batch size to 4,000 units from 2,600 units while following a fixed order policy and using UPS Supply Chain Solutions as the transportation provider? Justify your answer numerically.
S&T is a retailer of home goods. They receive inventory from their supplier with a 2-week lead time. Assume they order weekly, and they use the order-up-to model for managing inventories. A peppermint soap sells on average one box every 5 weeks. Suppose demand distribution for this peppermint soap is Poisson.
a) How many boxes of the peppermint soap do they order on average each week?
b) Suppose S&T chooses an order-up-to level of 1 for the peppermint soap. What is their average on-hand inventory (in boxes)?
c) S&T estimates that their annual holding cost per box of peppermint soap is 20% of the price per box. The supplier charges $120 per box peppermint soap and S&T sells it for $160 per box. If S&T chooses an order-up-to level of 1 for the peppermint soap, what is their average weekly holding cost for this peppermint soap? Assume there are 48 weeks per year.
d) Suppose due to recent global supply chain disruptions, S&T’s supplier increases the lead time to three weeks. Given the additional risks posed by global supply chain disruptions, S&T decides to increase its order-up-to level to 2 boxes. What is their stockout probability?
e) Given the new lead time (i.e., three weeks), suppose S&T wants to minimize inventory while achieving at least a 0.9875 in-stock probability for the peppermint soap. What order-up-to level (in boxes) should they use?
f) Given the new lead time (i.e., three weeks), suppose S&T uses an order-up-to level of 3 boxes. What is the expected on-order inventory?
EShack sells a model of Creative Labs blue-tooth adapter for $35 and expect to sell it for foreseeable future. Given their clout with the manufacturer, they are able to procure it at a price of $7.50. EShack estimates its daily demand to be normally distributed with mean 200 and standard deviation of 28 units. It reviews the inventory of the blue-tooth adapter once every day and places an order with the supplier using e-procurement software. The supplier lead-time for replenishment is 10 days including all manufacturing, transportation etc.
a) If EShack decides on an order up-to level of 2150 units, what is its expected on-hand inventory of Creative Labs blue-tooth adapter?
b) If EShack decides to provide 99% in-stock probability, what would the order up-to inventory level for the blue-tooth adapter be?
c) Assume that it costs EShack $0.55 per day to keep a blue-tooth adapter in inventory, while a backorder is estimated to cost 10% of the gross margin that EShack earns for each sale of Creative Labs blue-tooth adapter. What order-up-to level should Eshack choose for this blue-tooth adapter if their goal is to minimize holding and backorder costs?
Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.
Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.
This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.
To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.
It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.
Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>