Using and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $ (Enter your response as an integer)
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- Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. Annual Freight Costs Shipping Quantity (Q) Price/Unit Annual Holding Lead Time (L) Annual Administrative Supplier Sharps Winkler 5,000 $5.200 $5.400 15,000 $3.500 $3.500 Cost/Unit (H) $0.76 $0.80 10,000 (p) $3.80 (wks) Cost $5,000 $4,000 $3.800 $3,800 $4.00 3 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using V and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. D Annual Freight Costs Shipping Quantity (Q) Cost Supplier Sharps Winkler Price/Unit Annual Holding Lead Time (L) Annual Administrative 5,000 10,000 15,000 (P) Cost/Unit (H) $5,000 $3,300 $2,800 $3.80 $4,800 $3,200 $2,900 $3.70 (wks) 3 $0.76 $4,500 $0.74 4 $4,000 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using and a shipping quantity of ▼is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. Annual Freight Costs Shipping Quantity (Q) Price/Unit Annual Holding Lead Time (L) Annual Administrative 5,000 $5.000 Cost/Unit (H) $0.82 (p) 10,000 $3.500 $3,800 (wks) Supplier Sharps Winkler 15.000 Cost $3,100 $3,300 $4.10 $4,000 $5.200 $4.00 $0.80 6 $5,000 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using V and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $. (Enter your response as an integer.)
- A company's distribution and warehouse expenses do NOT include which one of the following? a) The costs of processing, boxing, packaging, handling, and shipping orders to footwear retailers and -online buyers b)A standard import tariff of $4.00 per pair on any pairs imported from the company's foreign production facilities--tariffs are due and payable at the port of entry rather than when the pairs are sold c)Annual leasing and maintenance fees of $1 million for each of the company's four distribution centers; however, such expenses fall to 5 times the number of pairs sold when warehouse volume in any region is less than 200,000 pairs annually (should company managers decide to abandon selling footwear in a geographic region, leasing and maintenance costs will fall to $0 (resuming if/when sales begin again) d)The inventory costs of carrying unsold pairs over from the prior year ($0.50 per pair on required inventrory and $1 per pair on additional unsold pairs) e)Per pair freight…U.S. Airfilter has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1 (JANUARY THROUGH MARCH) QUARTER 2 (APRIL THROUGH JUNE) QUARTER 3 (JULY THROUGH SEPTEMBER) QUARTER 4 (OCTOBER THROUGH DECEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states 300 350 405 375 Canada 75 60 75 70 Europe 30 33 20 15 Cost of goods sold (total quarter) 280 295 340 350 Raw materials at the Louisville plant (end-of-quarter) 50 40 55 60 Work-in-process and finished goods at the Louisville plant (end-of-quarter) 100 105 120 150 Distribution center…Horizon Cellular manufactures cell phones for exclusive use in its communication network. Management must select a circuit board supplier for a new phone soon to be introduced to the market. The annual requirements (D) are 40,000 units and Horizon's plant operates 250 days per year. The data for three suppliers are in the following table. Annual Freight Costs Shipping Quantity (Q) Price/Unit (p) $28 $30 $31 Annual Holding Cost/Unit (H) $5.60 Lead Time Annual 10.000 (L) (days) Supplier Abbott 20,000 Administrative Cost $7,500 $6,000 $9,000 $10.000 $9.000 $11.000 $10,000 $9.000 $11,000 $6.00 $6.20 Baker 9 Carpenter 7 Which supplier and shipping quantity will provide the lowest total cost for Horizon Cellular? Using V and a shipping quantity of V units is the lowest cost alternative, with annual total costs to Horizon Cellular of S. (Enter your response as an integer.)
- The logistics manager of Hercules, a capital goods manufacturer, is trying to reviewtheir inventory strategy. Hercules has about 50 tier- 1 suppliers. The manager istrying to understand the relationship between ordering cost and inventory carryingcost. Kindly draw out a plan of how this relationship can be used to best advantageof his company.10. The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1(JANUARYTHROUGHMARCH) QUARTER 2(APRIL THROUGHJUNE) QUARTER 3(JULYTHROUGHSEPTEMBER) QUARTER 4(OCTOBERTHROUGHDECEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states 582 476 700 440 Canada 112 71 97 101 Europe 74 43 42 18 Cost of goods sold (total quarter) 570 429 633 381 Raw materials at the Louisville plant (end-of-quarter) 96 50 79 76 Work-in-process and finished goods at the Louisville plant…Horizon Cellular manufactures cell phones for exclusive use in its communication network. Management must select a circuit board supplier for a new phone soon to be introduced to the market. The annual requirements (D) are 40,000 units and Horizon's plant operates 250 days per year. The data for three suppliers are in the attached table. Annual Freight Costs Shipping Quantity (Q) Supplier 10,000 20,000 Price/Unit (p) Annual Holding Cost/Unit (H) Lead Time (L) (days) Annual Administrative Cost Material Costs Abbott $11,000 $8,500 $29 $5.80 4 $11,000 $232,000.00 Baker $12,000 $9,500 $31 $6.20 3 $12,000 $1,240,000 Carpenter $9,000 $7,000 $28 $5.60 8 $9,000 $1,120,000 Which supplier and shipping quantity will provide the lowest total cost for Horizon Cellular? Using the supplier [X] and a shipping quantity of [X] units is the lowest cost alternative, with annual total costs to Horizon Cellular of [X]. (Quantity and Annual Total Costs are integer…
- Explain the significance of inventory in logistics and supply chain management.The Objectives of Supply Chain Management is to be cost effective In Inbound Transportation Cost In Outbound Transportation Cost Across the entire Chain Od. In Inventory ManagementDiscuss the ABC inventory classification system and indicate it's benifits?