Project #39641 - Supply Chain Management

 

  1. Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.

     

     

  2. What are some of the pros and cons of outsourcing? Why do you think many organizations are experiencing an increase in their levels of outsourcing?

     

  3. In general, under what conditions might a firm favor a level production plan over a chase plan?  A chase production plan over a level plan?

     

     

  4. The just-in-time (JIT) movement has long argued that firms should

 

 

 

 a. Maximize their process flexibility so that ordering costs are minimal;

 

 b. Stabilize demand levels;

 

 c. Shrink lead times as much as possible; and

 

 d. Assign much higher holding costs to inventory than has traditionally been the case.

 

 

 

 Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT’s push for lower inventory levels.

 

 

 

 

 

Subject Business
Due By (Pacific Time) 09/16/2014 06:00 pm
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