Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 13PA
Summary Introduction
To determine: The option that is an inefficiency in the operations of grocery store due to inflexibility.
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Which of the following inefficiencies in a grocery store’s operations results frominflexibility?a. Leftover fruits and vegetablesb. Delivery delays from the warehousec. A surge in customer arrivals at one timed. Employee work schedules set a week in advance
If the cost of goods manufactured is higher than the cost of goods sold, which of the following is correct?
A. Finished Goods Inventory has decreased.
B. Work in Process Inventory has decreased
C. Finished Goods Inventory has increased.
D. Work in Process Inventory has increased.
5-
Which of the following statement is relevant to services?
a.
Services can be measured
b.
Services are perishable
c.
Services can be warehoused
d.
Services can be stored
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The mailroom receives checks and remittanceadvices from customers in payment of their accountsreceivable. The clerk reviews the documents for completenessand correctness, sends the checks to thecash receipts department, and sends the remittanceadvices to the AR department. The AR clerkreceives the remittance advices and updates the customers’AR records from the PC in the AR department.The cash receipts clerk receives the checks andposts them to the cash receipts journal from the PCin the department. The clerk then sends the checks tothe bank for deposit.RequiredPrepare a system flowchart of the proceduresdescribed previously.arrow_forwardThe revenue cycle is a method of defining and maintaining the processes used for the completion of an accounting process for recording revenue generated from services or products provided by the company, which include the accounting process of tracking and recording transaction from the beginning, normally which starts from receiving an order from the customer or entering in agreement with the customer, delivering an order to customer and end with getting payment from the customer. The figure on the next page describes the different business activities of four departments, including (1) Sales Department, (2) Accounting Department, (3) Warehouse/Shipping, and (4) Mailroom. Required: Based on the below figure, discuss the uncontrolled risks associated with the system as currently configured? And describe the controls that need to be implemented into the system to mitigate the risks in the given scenario.arrow_forwardA business focusing on increasing the efficiency of its operations is more directly addressing: a. Consistent Quality b. Low-Cost c. Variety d. Volume Flexibilityarrow_forward
- A department works on 8 hours shift, 288 days a year and has the usage data of a machine, as given below: Processing time (Standard time in hours) Annual Demand Product (units) A 325 5 B 450 4 550 6 Calculate: (a) Processing time needed in hours to produce products A, B and C (b) Annual production capacity of one machine in standard hours (c) Number of machines requiredarrow_forwardIn a job shop, effective capacity is only 79 percent of design capacity, and actual output is 53 percent of effective output. What design capacity would be needed to achieve an actual output of 11 jobs per week? What is its effective capacity? a. The Design Capacity needed to achieve the required actual job outputs Blank 1 (round to whole number) b. The Effective Capacity needed to achieve the required actual job outputs = Blank 2 (round to whole number) Blank 1 Add your answerarrow_forwardWhich of the following business is referred to as extraction business? O a. Wholesaling business O b. Farming Oc. Service business O d. Miningarrow_forward
- Quick Response is generally referred to as O a. Quick forecasting of demand O b. Quick Order entry O c. Quick production of goods O d. Quick supplies to Retailerarrow_forwardJefferson Company’s demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week 6,106 minutes Machine time available per week 8,600 minutes Actual run rate this week 4.32 units per minute Ideal run rate 6.00 units per minute Defect-free output this week 11,315 units Total output this week (including defects) 15,500 units 1. Compute the utilization rate.2. Compute the efficiency rate. 3. Compute the quality rate. 4. Compute the overall equipment effectiveness (OEE).arrow_forwardWhat is one important advantage of a Make-To-Stock process? Group of answer choices Can respond quickly to customer demand Creates greater flexibility Less likely to have obsolete inventory More environmentally sensitivearrow_forward
- A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that after having the rounded-up EOQ, you should not round up values at intermediate steps; and, you should round T up only after the last calculation. (For example: enter 10 for 10 days.) (b) What is the current inventory position (IP) in bottles? (For example: enter 70 for 70 bottles) (c)Without safety stock, what is the replenishment level without safety stock M(AD) in bottles? Note that the question does not ask for M(ST). (For example: enter 70 for 70 bottles) (d)If today is the review day and without safety stock, what is the order quantity in bottles given M(AD)? (For example: enter 70 for 70 bottles)arrow_forwardanswer a,b,c and d (show your solution)arrow_forwardDemand is supporting flow of information and financial transactions through the supply, production, and distribution processes. a) True b) False Building and leveraging operational capabilities to support desired competitive priorities wouldn't provide a competitive advantage. a) True b) False Value of a Loyal Customer quantifies total revenues or profits each target market customer generates over a buyer’s life cycle of: Select 2 correct answer(s) 1 Multiplying VLC by the absolute number of customers gained or lost 2 Using correlation and regression analysis 3 managers analyze data effectively and make better decisions 4 Total market value Social Factors focus on marketing of goods and services on social media platforms. a) True b) False Environmental factors are: a) Energy consumption, recycling, resource conservation activities, air…arrow_forward
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