1. Explore the mess by answering the following questions: (a) What do we know? (b) What can we assume? (c) What could the results look like? (d) What information can be brought to bear? (e) What can we ask the client? (f) Are there any similar situations or problems? 2. Formulate one or more problem statements
Q: hy do process schedules need exceptions?
A: Process schedules, which outline the timing and sequencing of tasks or activities within a business…
Q: Which one of the following methods will be most suitable for managing dependent demand? Q-model ABC…
A: Although the Q-model (1) and P-model (3) are inventory management models, they weren't created…
Q: What does sustainability mean to an importer of wood based in the UK
A: Sustainable sourcing, manufacture, and use of wood products in a way that reduces negative…
Q: What is the main goal of project cost management
A: Project cost management is one of the knowledge areas within project management that focuses on…
Q: Choose a business of your choice to research relating to the 2020 COVID 19 Pandemic and its impacts.…
A: Consumer behavior refers to the study of individuals, groups, or organizations and the processes…
Q: 1. In discussing value chain structure, which of the following is not considered a support activity?…
A: A) service.Support activities in the value chain typically include human resources, purchasing, and…
Q: The partially completed inventory record for the rotor subassembly in the table below shows gross…
A: Answer) We are given the following parameters:Item: Rotor sub-assembly.Lot Size: FOQ = 160…
Q: Formulate a linear programming model to determine the production volume of each of the product such…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: d) The profit per unit for deluxe model was increased to 150 per unit. Evaluate the effect e) .…
A:
Q: product structure
A: The hierarchy of a product's components and qualities is represented by the product structure. It…
Q: “The Goal: A Process of Ongoing Improvement
A: " The Goal A Process of Ongoing Improvement" by EliyahuM. Goldratt and Jeff Cox is a groundbreaking…
Q: 1) For the problem data set below, what is the northwest corner allocation to the cell Source…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: A descriptive model is characterised by its essential characteristics.
A: A descriptive model, from an operational management perspective, refers to a model that describes…
Q: How do human resource planning and recruitment complement each other?
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Five jobs are waiting for processing through two work centers. Their processing time (in minutes)…
A: Each job required Sigma before Delta. Hence, Sigma is 1st operation and Delta is 2nd operation.
Q: If you illustrate the project's map both with a
A: When examining a project, it is crucial to explore its map or structure, as it provides valuable…
Q: Explain the three (3) ethical theories, meta-ethics, normative ethics and applied ethics and use…
A: Ethical theories provide frameworks for understanding and evaluating moral principles and…
Q: What exactly is the meaning of automation in the workplace?
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Problem 7-11 (Algo) How many observations should a time study analyst plan for in an operation that…
A: Standard deviation (S) = 2.6 minutes / pieceError (e) = 1.1 minutesConfidence level of=95.5%
Q: What is the Labor productivity ratio of this manufacturing process?
A: Total output produced= 132Total labor hours= 360 hrsDefected units = 52Sales price of defective…
Q: Suppose orders are placed only at review time. Find the optimal period and the optimal order…
A: Annual demand (D) = 1200Ordering cost (S) = 50Purchase cost (P) = 30Carrying cost (H) = 10% of 30 =…
Q: SCOR addresses five basic dimensions of performance. You are required to conduct additional research…
A: The Plan, Source, Make, Deliver, and Return performance characteristics are the focus of the Supply…
Q: How do you feel about the potential advantages of interruptions for increasing productivity and…
A: From an operational management perspective, the potential advantages of interruptions can be a topic…
Q: Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. (Enter your responses…
A: The moving average forecast is particularly useful for smoothing out fluctuations in data and…
Q: What are the similarities and differences between 2 major public management model’s approach to…
A: Maintaining public safety and reducing the impact of tragic occurrences depend on effective…
Q: What advise can you give Peter based on the scenario below before he starts his business.…
A: Starting a company in the textile, apparel, and footwear industry necessitates careful consideration…
Q: At TSRA Inc, a growing aviation company of 30 employees, recruitment rests on the shoulders of the…
A: Recruitment refers to the process of finding, attracting, and selecting qualified individuals to…
Q: What does the term "Big Data" mean? What are the benefits of big data in terms of competition?
A: In today's competitive business landscape, the utilization of Big Data has become increasingly…
Q: In a decentralized system, there are many modules that may be used again. To what extent is it true?
A: For a decentralized system to be flexible, reusable, and effective, modularization is a crucial…
Q: One-third of mobile app development projects were under budget, on time, and met their goals,…
A: Only one-third of mobile app development projects, according to a recent IBM survey involving 585…
Q: When addressing a customer's problem, distinguish between your personal ethics, your profession's…
A: Ethics are the code of conduct that helps the individual to decide on right or wrong.
Q: In what ways would Imana Foods benefit from applying the lean principles of pull processing, waste…
A: Imana Foods could benefit significantly from applying the lean principles of pull processing, waste…
Q: The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate.…
A:
Q: Cynthia should order pounds of oysters each day (round your response to one decimal place).
A: Production management is about planning, organizing, and controlling activities that are included in…
Q: Feasibility Analysis for Dragon Karate Sports A feasibility analysis is critical in determining a…
A: A feasibility study is crucial in the corporate world before beginning any new project. This…
Q: develop a research format for this Title: "Improving Supply Chain Efficiency through Lean Logistics:…
A: Supply chain efficiency refers to the ability of a supply chain system to effectively and optimally…
Q: The number of monthly customer complaints are monitored in a large hotel using a c-chart. Develop…
A: The c-bar control chart, also known as the count control chart, is a statistical tool used in…
Q: The Westchester Chamber of Commerce periodically sponsors public service seminars and programs.…
A: Decision Variables:Suppose-T = No. of advertisements on televisionR = No. of advertisements on the…
Q: Please do not give solution in image formate thanku Your project is to paint a 20-storey building…
A: Project management refers to a function or activity which includes a project manager aiming to…
Q: How are potential projects identified?
A: Projects have a defined beginning and ending, which are temporary in nature and are carried out to…
Q: Provide a SWOT analysis of the following competitor business below that is located in Negril Jamaica…
A: SWOT analysis is a strategic planning tool used to assess the internal strengths and weaknesses, as…
Q: What is the crossover point in miles between the hybrid vehicle and the alternative vehicle from a…
A: The Crossover point is the point at which two different processes, as well as strategies, become…
Q: Sandy has historically made her suncreen herself. Moving forward she has decided to outsource her…
A: Supplier A:Fixed Cost = FCa = $ 17000Variable Cost = VCa = $3.25 per unitSupplier B:Fixed Cost = FCb…
Q: Using a weighted moving average with weights of 0.40 (June), 0.20 (May), and 0.40 (April), find the…
A: NOTE: We are allowed to do the first three sub-parts only.Formulas:Weighted average forecast =…
Q: A company is able to track the quantity of each item by using information technology in inventory…
A: Inventory management refers to the process of overseeing and controlling a company's inventory.
Q: Develop a EOQ solution and calculate total relevant costs for the gross requirements in the…
A: Holding cost = h =$ 1.50/unit/week;Setup cost = S = $150Demands for 12 weeks are given in the…
Q: website used to gather information
A: A Facilities Manager who embraces a Project Management mindset and follows a structured approach to…
Q: Why do project costs spiral out of control? How can we stop it? Do you think the current world…
A: Overspending is a nightmare scenario for any business owner or project manager. Knowing what causes…
Q: Choose a family business from France and then comprehensively evaluate the decision-making…
A: In this answer below we will thoroughly examine the decision-making processes, family makeup, and…
Q: How would you go about estimating the theoretical value of "fewer outages"?
A: Fewer outages refers to a situation where there is a reduction in the number of instances or…
For each of these cases, on photo prepare for building a model by reading the full case and answering the following questions. 1. Explore the mess by answering the following questions: (a) What do we know? (b) What can we assume? (c) What could the results look like? (d) What information can be brought to bear? (e) What can we ask the client? (f) Are there any similar situations or problems? 2. Formulate one or more problem statements
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- The Global Sourcing Wire Harness Decision Sheila Austin, a buyer at Autolink, a Detroit-based producer of subassemblies for the automotive market, has sent out requests for quotations for a wiring harness to four prospective suppliers. Only two of the four suppliers indicated an interest in quoting the business: Original Wire (Auburn Hills, MI) and Happy Lucky Assemblies (HLA) of Guangdong Province, China. The estimated demand for the harnesses is 5,000 units a month. Both suppliers will incur some costs to retool for this particular harness. The harnesses will be prepackaged in 24 12 6-inch cartons. Each packaged unit weighs approximately 10 pounds. Quote 1 The first quote received is from Original Wire. Auburn Hills is about 20 miles from Autolinks corporate headquarters, so the quote was delivered in person. When Sheila went down to the lobby, she was greeted by the sales agent and an engineering representative. After the quote was handed over, the sales agent noted that engineering would be happy to work closely with Autolink in developing the unit and would also be interested in future business that might involve finding ways to reduce costs. The sales agent also noted that they were hungry for business, as they were losing a lot of customers to companies from China. The quote included unit price, tooling, and packaging. The quoted unit price does not include shipping costs. Original Wire requires no special warehousing of inventory, and daily deliveries from its manufacturing site directly to Autolinks assembly operations are possible. Original Wire Quote: Unit price = 30 Packing costs = 0.75 per unit Tooling = 6,000 one-time fixed charge Freight cost = 5.20 per hundred pounds Quote 2 The second quote received is from Happy Lucky Assemblies of Guangdong Province, China. The supplier must pack the harnesses in a container and ship via inland transportation to the port of Shanghai in China, have the shipment transferred to a container ship, ship material to Seattle, and then have material transported inland to Detroit. The quoted unit price does not include international shipping costs, which the buyer will assume. HLA Quote: Unit price = 19.50 Shipping lead time = Eight weeks Tooling = 3,000 In addition to the suppliers quote, Sheila must consider additional costs and information before preparing a comparison of the Chinese suppliers quotation: Each monthly shipment requires three 40-foot containers. Packing costs for containerization = 2 per unit. Cost of inland transportation to port of export = 200 per container. Freight forwarders fee = 100 per shipment (letter of credit, documentation, etc.). Cost of ocean transport = 4,000 per container. This has risen significantly in recent years due to a shortage of ocean freight capacity. Marine insurance = 0.50 per 100 of shipment. U.S. port handling charges = 1,200 per container. This fee has also risen considerably this year, due to increased security. Ports have also been complaining that the charges may increase in the future. Customs duty = 5% of unit cost. Customs broker fees per shipment = 300. Transportation from Seattle to Detroit = 18.60 per hundred pounds. Need to warehouse at least four weeks of inventory in Detroit at a warehousing cost of 1.00 per cubic foot per month, to compensate for lead time uncertainty. Sheila must also figure the costs associated with committing corporate capital for holding inventory. She has spoken to some accountants, who typically use a corporate cost of capital rate of 15%. Cost of hedging currencybroker fees = 400 per shipment Additional administrative time due to international shipping = 4 hours per shipment 25 per hour (estimated) At least two five-day visits per year to travel to China to meet with supplier and provide updates on performance and shipping = 20,000 per year (estimated) The international sourcing costs must be absorbed by Sheila, as the supplier does not assume any of the additional estimated costs and invoice Sheila later, or build the costs into a revised unit price. Sheila feels that the U.S. supplier is probably less expensive, even though it quoted a higher price. Sheila also knows that this is a standard technology that is unlikely to change during the next three years, but which could be a contract that extends multiple years out. There is also a lot of hall talk amongst the engineers on her floor about next-generation automotive electronics, which will completely eliminate the need for wire harnesses, which will be replaced by electronic components that are smaller, lighter, and more reliable. She is unsure about how to calculate the total costs for each option, and she is even more unsure about how to factor these other variables into the decision. Based on this case, do you think international purchasing is more or less complex than domestic purchasing? Why? Is it worth the additional effort?The Global Sourcing Wire Harness Decision Sheila Austin, a buyer at Autolink, a Detroit-based producer of subassemblies for the automotive market, has sent out requests for quotations for a wiring harness to four prospective suppliers. Only two of the four suppliers indicated an interest in quoting the business: Original Wire (Auburn Hills, MI) and Happy Lucky Assemblies (HLA) of Guangdong Province, China. The estimated demand for the harnesses is 5,000 units a month. Both suppliers will incur some costs to retool for this particular harness. The harnesses will be prepackaged in 24 12 6-inch cartons. Each packaged unit weighs approximately 10 pounds. Quote 1 The first quote received is from Original Wire. Auburn Hills is about 20 miles from Autolinks corporate headquarters, so the quote was delivered in person. When Sheila went down to the lobby, she was greeted by the sales agent and an engineering representative. After the quote was handed over, the sales agent noted that engineering would be happy to work closely with Autolink in developing the unit and would also be interested in future business that might involve finding ways to reduce costs. The sales agent also noted that they were hungry for business, as they were losing a lot of customers to companies from China. The quote included unit price, tooling, and packaging. The quoted unit price does not include shipping costs. Original Wire requires no special warehousing of inventory, and daily deliveries from its manufacturing site directly to Autolinks assembly operations are possible. Original Wire Quote: Unit price = 30 Packing costs = 0.75 per unit Tooling = 6,000 one-time fixed charge Freight cost = 5.20 per hundred pounds Quote 2 The second quote received is from Happy Lucky Assemblies of Guangdong Province, China. The supplier must pack the harnesses in a container and ship via inland transportation to the port of Shanghai in China, have the shipment transferred to a container ship, ship material to Seattle, and then have material transported inland to Detroit. The quoted unit price does not include international shipping costs, which the buyer will assume. HLA Quote: Unit price = 19.50 Shipping lead time = Eight weeks Tooling = 3,000 In addition to the suppliers quote, Sheila must consider additional costs and information before preparing a comparison of the Chinese suppliers quotation: Each monthly shipment requires three 40-foot containers. Packing costs for containerization = 2 per unit. Cost of inland transportation to port of export = 200 per container. Freight forwarders fee = 100 per shipment (letter of credit, documentation, etc.). Cost of ocean transport = 4,000 per container. This has risen significantly in recent years due to a shortage of ocean freight capacity. Marine insurance = 0.50 per 100 of shipment. U.S. port handling charges = 1,200 per container. This fee has also risen considerably this year, due to increased security. Ports have also been complaining that the charges may increase in the future. Customs duty = 5% of unit cost. Customs broker fees per shipment = 300. Transportation from Seattle to Detroit = 18.60 per hundred pounds. Need to warehouse at least four weeks of inventory in Detroit at a warehousing cost of 1.00 per cubic foot per month, to compensate for lead time uncertainty. Sheila must also figure the costs associated with committing corporate capital for holding inventory. She has spoken to some accountants, who typically use a corporate cost of capital rate of 15%. Cost of hedging currencybroker fees = 400 per shipment Additional administrative time due to international shipping = 4 hours per shipment 25 per hour (estimated) At least two five-day visits per year to travel to China to meet with supplier and provide updates on performance and shipping = 20,000 per year (estimated) The international sourcing costs must be absorbed by Sheila, as the supplier does not assume any of the additional estimated costs and invoice Sheila later, or build the costs into a revised unit price. Sheila feels that the U.S. supplier is probably less expensive, even though it quoted a higher price. Sheila also knows that this is a standard technology that is unlikely to change during the next three years, but which could be a contract that extends multiple years out. There is also a lot of hall talk amongst the engineers on her floor about next-generation automotive electronics, which will completely eliminate the need for wire harnesses, which will be replaced by electronic components that are smaller, lighter, and more reliable. She is unsure about how to calculate the total costs for each option, and she is even more unsure about how to factor these other variables into the decision. Calculate the total cost per unit of purchasing from Original Wire.The Global Sourcing Wire Harness Decision Sheila Austin, a buyer at Autolink, a Detroit-based producer of subassemblies for the automotive market, has sent out requests for quotations for a wiring harness to four prospective suppliers. Only two of the four suppliers indicated an interest in quoting the business: Original Wire (Auburn Hills, MI) and Happy Lucky Assemblies (HLA) of Guangdong Province, China. The estimated demand for the harnesses is 5,000 units a month. Both suppliers will incur some costs to retool for this particular harness. The harnesses will be prepackaged in 24 12 6-inch cartons. Each packaged unit weighs approximately 10 pounds. Quote 1 The first quote received is from Original Wire. Auburn Hills is about 20 miles from Autolinks corporate headquarters, so the quote was delivered in person. When Sheila went down to the lobby, she was greeted by the sales agent and an engineering representative. After the quote was handed over, the sales agent noted that engineering would be happy to work closely with Autolink in developing the unit and would also be interested in future business that might involve finding ways to reduce costs. The sales agent also noted that they were hungry for business, as they were losing a lot of customers to companies from China. The quote included unit price, tooling, and packaging. The quoted unit price does not include shipping costs. Original Wire requires no special warehousing of inventory, and daily deliveries from its manufacturing site directly to Autolinks assembly operations are possible. Original Wire Quote: Unit price = 30 Packing costs = 0.75 per unit Tooling = 6,000 one-time fixed charge Freight cost = 5.20 per hundred pounds Quote 2 The second quote received is from Happy Lucky Assemblies of Guangdong Province, China. The supplier must pack the harnesses in a container and ship via inland transportation to the port of Shanghai in China, have the shipment transferred to a container ship, ship material to Seattle, and then have material transported inland to Detroit. The quoted unit price does not include international shipping costs, which the buyer will assume. HLA Quote: Unit price = 19.50 Shipping lead time = Eight weeks Tooling = 3,000 In addition to the suppliers quote, Sheila must consider additional costs and information before preparing a comparison of the Chinese suppliers quotation: Each monthly shipment requires three 40-foot containers. Packing costs for containerization = 2 per unit. Cost of inland transportation to port of export = 200 per container. Freight forwarders fee = 100 per shipment (letter of credit, documentation, etc.). Cost of ocean transport = 4,000 per container. This has risen significantly in recent years due to a shortage of ocean freight capacity. Marine insurance = 0.50 per 100 of shipment. U.S. port handling charges = 1,200 per container. This fee has also risen considerably this year, due to increased security. Ports have also been complaining that the charges may increase in the future. Customs duty = 5% of unit cost. Customs broker fees per shipment = 300. Transportation from Seattle to Detroit = 18.60 per hundred pounds. Need to warehouse at least four weeks of inventory in Detroit at a warehousing cost of 1.00 per cubic foot per month, to compensate for lead time uncertainty. Sheila must also figure the costs associated with committing corporate capital for holding inventory. She has spoken to some accountants, who typically use a corporate cost of capital rate of 15%. Cost of hedging currencybroker fees = 400 per shipment Additional administrative time due to international shipping = 4 hours per shipment 25 per hour (estimated) At least two five-day visits per year to travel to China to meet with supplier and provide updates on performance and shipping = 20,000 per year (estimated) The international sourcing costs must be absorbed by Sheila, as the supplier does not assume any of the additional estimated costs and invoice Sheila later, or build the costs into a revised unit price. Sheila feels that the U.S. supplier is probably less expensive, even though it quoted a higher price. Sheila also knows that this is a standard technology that is unlikely to change during the next three years, but which could be a contract that extends multiple years out. There is also a lot of hall talk amongst the engineers on her floor about next-generation automotive electronics, which will completely eliminate the need for wire harnesses, which will be replaced by electronic components that are smaller, lighter, and more reliable. She is unsure about how to calculate the total costs for each option, and she is even more unsure about how to factor these other variables into the decision. Based on the total cost per unit, which supplier should Sheila recommend?
- The Global Sourcing Wire Harness Decision Sheila Austin, a buyer at Autolink, a Detroit-based producer of subassemblies for the automotive market, has sent out requests for quotations for a wiring harness to four prospective suppliers. Only two of the four suppliers indicated an interest in quoting the business: Original Wire (Auburn Hills, MI) and Happy Lucky Assemblies (HLA) of Guangdong Province, China. The estimated demand for the harnesses is 5,000 units a month. Both suppliers will incur some costs to retool for this particular harness. The harnesses will be prepackaged in 24 12 6-inch cartons. Each packaged unit weighs approximately 10 pounds. Quote 1 The first quote received is from Original Wire. Auburn Hills is about 20 miles from Autolinks corporate headquarters, so the quote was delivered in person. When Sheila went down to the lobby, she was greeted by the sales agent and an engineering representative. After the quote was handed over, the sales agent noted that engineering would be happy to work closely with Autolink in developing the unit and would also be interested in future business that might involve finding ways to reduce costs. The sales agent also noted that they were hungry for business, as they were losing a lot of customers to companies from China. The quote included unit price, tooling, and packaging. The quoted unit price does not include shipping costs. Original Wire requires no special warehousing of inventory, and daily deliveries from its manufacturing site directly to Autolinks assembly operations are possible. Original Wire Quote: Unit price = 30 Packing costs = 0.75 per unit Tooling = 6,000 one-time fixed charge Freight cost = 5.20 per hundred pounds Quote 2 The second quote received is from Happy Lucky Assemblies of Guangdong Province, China. The supplier must pack the harnesses in a container and ship via inland transportation to the port of Shanghai in China, have the shipment transferred to a container ship, ship material to Seattle, and then have material transported inland to Detroit. The quoted unit price does not include international shipping costs, which the buyer will assume. HLA Quote: Unit price = 19.50 Shipping lead time = Eight weeks Tooling = 3,000 In addition to the suppliers quote, Sheila must consider additional costs and information before preparing a comparison of the Chinese suppliers quotation: Each monthly shipment requires three 40-foot containers. Packing costs for containerization = 2 per unit. Cost of inland transportation to port of export = 200 per container. Freight forwarders fee = 100 per shipment (letter of credit, documentation, etc.). Cost of ocean transport = 4,000 per container. This has risen significantly in recent years due to a shortage of ocean freight capacity. Marine insurance = 0.50 per 100 of shipment. U.S. port handling charges = 1,200 per container. This fee has also risen considerably this year, due to increased security. Ports have also been complaining that the charges may increase in the future. Customs duty = 5% of unit cost. Customs broker fees per shipment = 300. Transportation from Seattle to Detroit = 18.60 per hundred pounds. Need to warehouse at least four weeks of inventory in Detroit at a warehousing cost of 1.00 per cubic foot per month, to compensate for lead time uncertainty. Sheila must also figure the costs associated with committing corporate capital for holding inventory. She has spoken to some accountants, who typically use a corporate cost of capital rate of 15%. Cost of hedging currencybroker fees = 400 per shipment Additional administrative time due to international shipping = 4 hours per shipment 25 per hour (estimated) At least two five-day visits per year to travel to China to meet with supplier and provide updates on performance and shipping = 20,000 per year (estimated) The international sourcing costs must be absorbed by Sheila, as the supplier does not assume any of the additional estimated costs and invoice Sheila later, or build the costs into a revised unit price. Sheila feels that the U.S. supplier is probably less expensive, even though it quoted a higher price. Sheila also knows that this is a standard technology that is unlikely to change during the next three years, but which could be a contract that extends multiple years out. There is also a lot of hall talk amongst the engineers on her floor about next-generation automotive electronics, which will completely eliminate the need for wire harnesses, which will be replaced by electronic components that are smaller, lighter, and more reliable. She is unsure about how to calculate the total costs for each option, and she is even more unsure about how to factor these other variables into the decision. Calculate the total cost per unit of purchasing from Happy Lucky Assemblies.The Global Sourcing Wire Harness Decision Sheila Austin, a buyer at Autolink, a Detroit-based producer of subassemblies for the automotive market, has sent out requests for quotations for a wiring harness to four prospective suppliers. Only two of the four suppliers indicated an interest in quoting the business: Original Wire (Auburn Hills, MI) and Happy Lucky Assemblies (HLA) of Guangdong Province, China. The estimated demand for the harnesses is 5,000 units a month. Both suppliers will incur some costs to retool for this particular harness. The harnesses will be prepackaged in 24 12 6-inch cartons. Each packaged unit weighs approximately 10 pounds. Quote 1 The first quote received is from Original Wire. Auburn Hills is about 20 miles from Autolinks corporate headquarters, so the quote was delivered in person. When Sheila went down to the lobby, she was greeted by the sales agent and an engineering representative. After the quote was handed over, the sales agent noted that engineering would be happy to work closely with Autolink in developing the unit and would also be interested in future business that might involve finding ways to reduce costs. The sales agent also noted that they were hungry for business, as they were losing a lot of customers to companies from China. The quote included unit price, tooling, and packaging. The quoted unit price does not include shipping costs. Original Wire requires no special warehousing of inventory, and daily deliveries from its manufacturing site directly to Autolinks assembly operations are possible. Original Wire Quote: Unit price = 30 Packing costs = 0.75 per unit Tooling = 6,000 one-time fixed charge Freight cost = 5.20 per hundred pounds Quote 2 The second quote received is from Happy Lucky Assemblies of Guangdong Province, China. The supplier must pack the harnesses in a container and ship via inland transportation to the port of Shanghai in China, have the shipment transferred to a container ship, ship material to Seattle, and then have material transported inland to Detroit. The quoted unit price does not include international shipping costs, which the buyer will assume. HLA Quote: Unit price = 19.50 Shipping lead time = Eight weeks Tooling = 3,000 In addition to the suppliers quote, Sheila must consider additional costs and information before preparing a comparison of the Chinese suppliers quotation: Each monthly shipment requires three 40-foot containers. Packing costs for containerization = 2 per unit. Cost of inland transportation to port of export = 200 per container. Freight forwarders fee = 100 per shipment (letter of credit, documentation, etc.). Cost of ocean transport = 4,000 per container. This has risen significantly in recent years due to a shortage of ocean freight capacity. Marine insurance = 0.50 per 100 of shipment. U.S. port handling charges = 1,200 per container. This fee has also risen considerably this year, due to increased security. Ports have also been complaining that the charges may increase in the future. Customs duty = 5% of unit cost. Customs broker fees per shipment = 300. Transportation from Seattle to Detroit = 18.60 per hundred pounds. Need to warehouse at least four weeks of inventory in Detroit at a warehousing cost of 1.00 per cubic foot per month, to compensate for lead time uncertainty. Sheila must also figure the costs associated with committing corporate capital for holding inventory. She has spoken to some accountants, who typically use a corporate cost of capital rate of 15%. Cost of hedging currencybroker fees = 400 per shipment Additional administrative time due to international shipping = 4 hours per shipment 25 per hour (estimated) At least two five-day visits per year to travel to China to meet with supplier and provide updates on performance and shipping = 20,000 per year (estimated) The international sourcing costs must be absorbed by Sheila, as the supplier does not assume any of the additional estimated costs and invoice Sheila later, or build the costs into a revised unit price. Sheila feels that the U.S. supplier is probably less expensive, even though it quoted a higher price. Sheila also knows that this is a standard technology that is unlikely to change during the next three years, but which could be a contract that extends multiple years out. There is also a lot of hall talk amongst the engineers on her floor about next-generation automotive electronics, which will completely eliminate the need for wire harnesses, which will be replaced by electronic components that are smaller, lighter, and more reliable. She is unsure about how to calculate the total costs for each option, and she is even more unsure about how to factor these other variables into the decision. Are there any other issues besides cost that Sheila should evaluate?How can the tourism industry assess and analyze expected risks and damages in Covid 19 situation?
- How can the tourism industry reduce & eliminate probable risks in Covid 19 situation?The investment required to bring South Africa’s rail network back to its design specification was “huge” according to head of Transnet Portia Derby. She also mentioned that Transnet needed to re-establish or upgrade its track signalling and substations, among other items. All inclusive, track upgrading came with a price tag of almost R100-billion that needed to be spent over the next seven years. She noted, however, that cable theft was a significant challenge, not only for Transnet, but also for Eskom, Telkom and municipalities. In addition, Derby noted that Transnet recently started working with the Passenger Rail Agency of South Africa to deal with the issue of cable theft. Meanwhile, Derby noted that, in South Africa, using rail for cargo transportation has fallen to about 3% of total cargo movements in the country. “I imagine that the same disastrous situation has also arisen in [the rest of the] SADC [region],” She pointed out, however, that rail gauge was not a big concern,…4.1 Consider the planned construction of a new office building in a downtown area of a large city when office space is in surplus demand (i.e. more office space than users). Construct a risk analysis that examines the various forms of risk (technical, commercial, financial etc) related to the creation of this office building. 4.2 Explain how the analysis would change if office space were in high demand.
- D3) Finance How to increase air tr control revenues in Libyan air transportation Gulf Coast Electronics is ready to award contracts to suppliers for providing reservoir capacitors for use in its electronic devices. For the past several years, Gulf Coast Electronics has relied on two suppliers for its reservoir capacitors: Able Controls and Lyshenko Industries. A new firm, Boston Components, has inquired into the possibility of providing a portion of the reservoir capacitors needed by Gulf Coast. The quality of products provided by Lyshenko Industries has been extremely high; in fact, only 0.5% of the capacitors provided by Lyshenko had to be discarded because of quality problems. Able Controls has also had a high quality level historically, producing an average of only 1% unacceptable capacitors. Because Gulf Coast Electronics has had no experience with Boston Components, it estimated Boston Components' defective rate to be 10%. Gulf Coast would like to determine how many reservoir capacitors should be ordered from each firm to obtain 75,000 acceptable-quality…Related topic: Relative Market Share. BDI/CDI UST 40,000 (Commerce 5,000; Medicine 15%; AB 20%; Law 5% and others) Average price per computer device Php25,000 Average price per Apple device Php30,000 In UST, students from Commerce, Law, and AB purchased at least one (1) computer device in December 2020. What is the market penetration of computer device in the individual colleges? Given that students replace their computer devices once every 2 years on average, what is the projected market size (units/revenues) for computer devices for these colleges until the end of 2025? What is the concentration of sales/revenue of computer devices among the colleges (CDI)?