Practice problems
1. ABC Inc. reported sales revenue of $4,098 M for the year 2015. The Cost of goods sold
equaled to $1,010 M and the pretax income was $560 M.
a. What is the new pretax income if the purchasing/ procurement reduces COGS by
$25 M?
b. How
Practice problems
1. ABC Inc. reported sales revenue of $4,098 M for the year 2015. The Cost of goods sold
equaled to $1,010 M and the pretax income was $560 M.
a. What is the new pretax income if the purchasing/ procurement reduces COGS by
$25 M?
b. How
How to Calculate Total Cost Analysis
Convert each cost listed to $/part
If given Dollars Spent and Total Parts, Dollars Spent/Total Parts = ()
If given Dollars/Day and Parts/Day. () x () = ()
If given Dollars/Person and Parts/Person, () x () = ()
Add
Productivity and Efficiency Calculations
The SCM 3301 Quiz consists of 20 questions and takes the average student
1 hour 50 minutes to complete. What is the average students
productivity? In hours? In Minutes?
The instructor believes that a student can
Welcome to SCM 3301: Service and Manufacturing Operations
A detailed class schedule is provided on the tab labeled "SCM 3301
the labeled tab at the bottom of this page or the yellow box to the r
The course will follow the schedule:
- Class sessions will c
SCM 3301
Service and Manufacturing Operations
Operations and Supply Chain Management
Exam 2 Review
Examination Format:
34 Multiple Choice Questions
[12 Computational & 22 Conceptual]
3 points each
Maximum Exam Score = 102 points
You will have 110 minutes
SCM 3301: Review #3
Selected Portions of Chapters 8, 11
Calculations!
Basic Periodic Review Policy
Basic Periodic Review Policy
A warehouse sells light bulbs which are from a wholesale supplier. The manager of the
warehouse asked the salesperson to check
Chapter 10 Sales and Operations Planning (Aggregate Planning)
1. Sales and operations planning (S&OP): A process to develop tactical plans by integrating marketing
plans for new and existing products with the management of the supply chain. The process br
Chapter 9 Forecasting
1. Forecast: an estimate of the future level of some variable. Common variables that are forecasted
include demand levels, supply levels, and prices.
2. underlying basis of all business decisions
marketing: promotions and sales
Sup
Chapter 2 Operations and Supply Chain Strategy
1. Elements of the Business Decisions that influence the strategy: Each part of a business contains
structural and infrastructural elements.
Structural element: One of two major decision categories addressed
Homework 1
1. You have just graduated college and are looking to buy your first car. Money is tight right now, so
you are concerned with initial cost as well as ongoing expenses. At the same time, you dont
want to drive a slow, outdated car. You have narr
Homework 3
Problem 1
Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in
special packages according to weight. Historically, Tylers shipments have weighed an
average of 1.4 kg with a standard deviation of 0.15 kg.
a)
Homework 5
Problem 1:
Northcutt manufactures high-end racing bikes and is looking for a source of gear sprocket sets. Northcutt would
need 1,550 sets each month. Supplier A is a domestic firm, Suppliers B and C are located overseas. Cost information
for e
Homework 6
Problem 1
Given the data below, calculate the following forecasts periods 1-8 for all possible periods
(e.g., periods 3-8 for the 2 period moving average, periods 4-8 for the 3 period moving
average, etc.)
a.
b.
c.
d.
2-period moving average
3-
Homework 2
1. A company is conducting a feasibility study into a flexible production system for
tennis shoes. The shoes the line must produce are constructed in an 11-step
fashion as described in Table 2. The line of shoe is an international best seller w
Homework 4
Problem 1
Customers arrive at a bank drive-up window every 6 minutes based on a Poisson
distribution. Once they arrive at the teller, service time is exponentially distributed based
on a rate of 5 minutes per transaction,
a. What is the probabi
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Practice Exam 1 - Solutions.xlsx]Q1
Report Created: 9/14/2017 12:49:07 PM
Variable Cells
Cell
$B$17
$C$17
$D$17
$E$17
$B$18
$C$18
$D$18
$E$18
Name
Model1_Line1
Number to tested on line 1 Model 2
Number t
Question 1.
The ElectroTech Corporation manufactures the industrial-sized electrical devices in 4 different models.
All of these products require wiring and testing during the assembly process. There are two testing lines.
Model 1 cannot be tested on line
Current trends in SCM
Expanding (contracting) the supply chain
Off-shoring, on-shoring, and right-shoring vs. outsourcing
Increasing Supply Chain Responsiveness
Agile Manufacturing, JIT (Lean), Mass Customization
Time-to-market and velocity
The Greening o
Total cost of ownership
Pay Piece Price (Unit Price)
Quantity Requirements (or discounts)
Payment Terms (Cash Discounts)
Transportation Costs (Location)
Ordering Costs
Cost of Quality (Maintenance Costs)
Delivery Performance
How many Suppliers to Use Supp
International Purchasing Global Sourcing
Reasons got global sourcing
Quality
Cost-buying overseas saves about 20% of money.
Delivery Performance
Potential challenges
Logistics
Communication
Political Stability
Note: >50% supply needs sourced globally!
Ben
Practice Test For Exam 2
Exam 2 has 30 questions and takes 75 minutes but this practice test has only 10 question so it should take you approximately
25 minutes. The answer key is in a separate file on Blackboard
MULTIPLE CHOICE. Choose the one alternativ
The Purchasing Process (Procurement Cycle) Manual Purchasing
Purpose:
Standardization to reduce erros
Oversight and internal control
Documentation of the process
Step 1- Material Requisition/ Purchase Requisition
Step 2- The request for quotation (RFQ)
St