Consider a work center with a demand rate of 50 parts per hour and using a container that can hold 12 parts. It is estimated that the container takes 1 hour to cycle through the work cell. Assume a safety stock level of 10 percent. What is the maximum inventory level for this system?
a. 20
b. 40
c. 60
d. Cannot be determined from the information given
c. 60
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If a firm has a limited capital budget to fund its capital projects, it is said to be facing the problem of ________
A) constrained capital B) wealth optimization C) capital rationing D) profitability
In Hicklin Engineering v. R.J. Bartell, where Bartell was accused of stealing trade secrets from his former employer, Hicklin that he now used in competition with Hicklin the appeals court held that since anyone could observe process in question at Hicklin, it was not a secret that could be protected
a. True b. False Indicate whether the statement is true or false
Limitation of Remedies. Wilk Paving, Inc, bought a street-paving asphalt roller from Southworth-Milton, Inc In large capital letters, on the front of the contract, was printed, "ADDITIONAL TERMS AND CONDITIONS ON REVERSE SIDE." A clause on the back
stated that "under no circumstances shall seller . . . be held liable for any . . . consequential damages." In a hurry to close the deal, Wilk's representative did not notice this clause, and Southworth's representative did not call attention to it. Within sixty days, the roller needed the first of what became continuous repairs for mechanical problems. Wilk asked Southworth for its money back. When Southworth refused, Wilk sued Southworth, seeking the purchase price and consequential damages. Was the clause limiting damages enforceable in these circumstances? Explain.
Answer the following statements true (T) or false (F)
1) Defining key metrics and cost-sharing mechanisms occurs after opportunities for development have been identified as part of the supplier development process. 2) Identifying key projects to work on occurs before the critical supplier is identified for the supplier development process. 3) The first step in the process of designing and implementing a supplier scorecard is to develop the performance measures. 4) The final step in the process of designing and implementing a supplier scorecard is to educate the supplier on performance measures and implications. 5) A supplier scorecard is used for price negotiations with the supplier.