Which term refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware?
Which term refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products?
Which term refers to a system in which workers complete their tasks in separate departments without regard to the consequences for the other components of the process?
Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?
_____________ enables an organization to optimize its product development process, from design to market, while ensuring that it complies with industry, quality, and regulatory standards?
The difference between the amount of money that a customer is willing to pay for a resource, product, or service and the cost of the activities involved in producing that resource, product or service is called the
Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1300 units. Annual demand is 5200 heat sinks, the annual inventory holding cost rate is $3 per unit, and the cost to place an order is estimated to be $50. What is its economic order quantity?
Sam's Auto Shop services and repairs a particular brand of foreign automobiles. Sam uses oil filters throughout the year. The shop operates 52 weeks per year and weekly demand is 150 filters. Sam estimates that it costs $20 to place an order and his annual holding cost rate is $3 per oil filter. Currently Sam orders in quantities of 650 filters. If lead time is 3 weeks, what is Sam's economic order quantity and reorder point?
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