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Please answer the following questions. I spent hours trying to figure it out . Thanks. JAZ Medical Supplies is implementing a new economic order quality
Please answer the following questions. I spent hours trying to figure it out. Thanks.
JAZ Medical Supplies is implementing a new economic order quality (EOQ) inventory-control system and needs a good estimate of the cost to process a purchase order (PO); i.e, the order cost Co. It takes three total labor hours to process a PO. The average number of SKUs on a PO is three. The average wage for people working in the purchasing department is $33 per hour plus employee benefits of $4 per hour. Fixed costs for the purchasing department are $310,000 per year assuming 1,568 hours per employee per year workweek. Given this information, what is a good estimate of Co per SKU to use in an EOQ model? Round your answer to the nearest dollar. $ 235 per SKU Eight jobs have arrived in the following order: Job Processing Time Due Date 1 9 17 2 13 9 3 7 10 4 14 5 8 16 6 11 18 7 5 26 8 6 14 Find and compare the performance measures for the following sequencing rules using the Excel Sequencing template. Round your answers to two decimal places. a. Process in the order they have arrived Flow Time Lateness Tardiness Average 44.50 29.38 30.38 b. Shortest processing time The SPT sequence is 7 8 5 6 V 2 Flow Time Lateness Tardiness Average 34.13 19.00 22.00 c. Earliest due date The EDD sequence is 2 B 1 V 6 Flow Time Lateness Tardiness Average 39.38 24.25 24.63 The SPT sequence V The SPT sequence o has the smallest average flow time. has the smallest average lateness. has the smallest average tardiness. The SPT sequence
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