Final ExamIn this module, you will complete and submit the open-book Final Exam. The majority of the questions for the exam will come from the textbook readings and will cover the materials covered in the course. As you prepare to sit for the accrediting exams for APICS or the Supply Chain Council, it will be important to have this information top-of-mind.Submit the Final Exam to the Dropboxno later than Thursday 11:59 PM EST/EDT. Name your Word document as follows: LastName_FirstName_MGT377_Final_ExamMGT 377 Final Exam 1&21A store
stocks beer mugs and the demand for these beer mugs is 10,200 per year. It
costs $120 perOrder of the mugs and
it costs $1.35 per mug per year to keep the mugs in stock. Once an order isPlaced, it takes seven
days to receive the order from the distributor. Determine the following:a. Optimal order sizeb. Minimum total
annual inventory costc. Reorder point4. The Really Big
Weapons Company was asked to bid on the barrel assembly for the 30 mm
recoillessRifle. The company
estimates that it will take 10 hours to complete the 25thunit, and
based onHistorical data for
similar barrel assemblies; an 85-percent learning curve is expected.a. What is the
expected average time for the first two units?b.
What is the approximate estimated time for the 100thunit?Describe how
purchasing strategy is becoming more intertwined with organizational strategy.
HowHas
this evolved and how is it changing the role of purchasing managers2. Describe the legal
ramifications that are associated with the purchasing role. What are some of
thekey roles and
responsibilities related to the legal ramifications to the firm? Also include
in your answerthe
four components of a legal contract.Describe the process
of negotiations. Be sure to include the difference between distributive andIntegrative
bargaining along with the psychological factors often associated with the
negotiationProcess?.
Final ExamIn this module, you will complete and submit the open-book Final Exam. The majority of the questions for the exam will come from the textbook readings and will cover the materials covered in the course. As you prepare to sit for the accrediting exams for APICS or the Supply Chain Council, it will be important to have this information top-of-mind.Submit the Final Exam to the Dropboxno later than Thursday 11:59 PM EST/EDT. Name your Word document as follows: LastName_FirstName_MGT377_Final_ExamMGT 377 Final Exam 1&21A store
stocks beer mugs and the demand for these beer mugs is 10,200 per year. It
costs $120 perOrder of the mugs and
it costs $1.35 per mug per year to keep the mugs in stock. Once an order isPlaced, it takes seven
days to receive the order from the distributor. Determine the following:a. Optimal order sizeb. Minimum total
annual inventory costc. Reorder point4. The Really Big
Weapons Company was asked to bid on the barrel assembly for the 30 mm
recoillessRifle. The company
estimates that it will take 10 hours to complete the 25thunit, and
based onHistorical data for
similar barrel assemblies; an 85-percent learning curve is expected.a. What is the
expected average time for the first two units?b.
What is the approximate estimated time for the 100thunit?Describe how
purchasing strategy is becoming more intertwined with organizational strategy.
HowHas
this evolved and how is it changing the role of purchasing managers2. Describe the legal
ramifications that are associated with the purchasing role. What are some of
thekey roles and
responsibilities related to the legal ramifications to the firm? Also include
in your answerthe
four components of a legal contract.Describe the process
of negotiations. Be sure to include the difference between distributive andIntegrative
bargaining along with the psychological factors often associated with the
negotiationProcess?.
