Answer:
The correct answer is B
Explanation:
Stockout or OOS stands for Out of Stock, which is event that causes the inventory to be exhausted. It occur with the entire supply chain.
In this case, Firm is facing failure for having adequate or enough supplies on hand, which result in the lost sales amounts to $175,000. It is representing the Stockout in the inventory management costs.
Answer:
$20 million
Explanation:
The computation of the ending inventory if FIFO is used
= LIFO reserve + Ending inventory based on LIFO inventory
= $3 million + $17 million
= $20 million
We simply added the LIFO reserve and LIFO ending inventory so that FIFO ending inventory can be computed. Hence, we take all the items for the computation part.
Answer:
The answer is True.
Explanation:
The center of gravity method is a concept under <em>Operations Management</em> as it relates to facilities distribution such as warehouses or fulfillment centers.
Center of Gravity Strategy/Method is defined as a concept that seeks to calculate geographic coordinates for a potential single new facility that will minimize costs. Under this approach the main factors considered are:
- Cost of Shipping
- Markets
- Volume of goods shipped
Operations managers prefer to use this approach in siting the location of their facilities because:
- It minimizes cost.
- It is simple to compute
- It takes in to consideration existing facilities
How to use the Center of Gravity Method
Step 1:
- Place existing facility(ies) such warehouse, fulfillment center, and distribution center locations in a coordinate grid.
- situate the grid on an ordinary map.
- The distances between the facilities must be noted.
Step 2:
Then, using the equations below,
Fx= ∑ dix Vi/ ∑ Vi
Fy= ∑ diy Vi/ ∑ Vi
Proceed to calculate the X and Y coordinates using these equations where Fx is the X (horizontal axis) coordinate for the new facility, and
Fy is the Y (vertical axis) coordinate for the new facility, dix is the X coordinate of the current location, diy is the Y coordinate of the existing location, and Vi is the volume of goods moved to or from the <em>i</em>th location.
Step 3:
After you have obtained the X and Y coordinates place that location on the map.
This approach allows for point of departure – or, literally, a starting point of where (from the perspective of longitude and latitude) you options are for where to grow your fulfillment or logistics network.
Cheers!
Answer with Explanation:
"Unemployment" remains to be Zimbabwe's <em>very big challenge</em> in its society. The "employment syndrome" among the indigenous Zimbabweans is caused by several reasons of different origins.
One of the reasons is the country's "social culture." Working is considered a "social pressure" in the country. It doesn't stem from the individual's desire to work. So, this puts pressure unto the person when it comes to helping his family rise up from poverty. When one cannot achieve the desired job to do this, they are being laughed at in the society and <em>this creates more trouble. </em>
Another reason for this is that, the desired job that a person is looking for is "not available" in the country. People have hard time looking for work for many of these workplaces have already been shut down. So, this means that <em>the country's education doesn't coincide with the workforce in the country.</em>
"Lack of democracy" is also one reason. The country has been governed with <em>careless leadership</em>. This perpetuated unemployment because the government uses a <em>dishonest approach.</em> So, the educational issue and other developments in the country<u> cannot be addressed properly</u>.
