Solution Manual For Matching Supply with Demand: An Introduction to Operations Management, 4th Edition

Solution Manual For Matching Supply with Demand: An Introduction to Operations Management, 4th Edition gives you the answers you need, explained in a simple and clear way.

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Matching Supply with Demand: An Introduction to Operations Management

4e

Solutions to Chapter Problems

Chapter 2

The Process View of the Organization

Q2.1 Dell

The following steps refer directly to Exhibit 2.1.

#1: For 2001, we find in Dell’s 10-k: Inventory=$400 (in million)

#2: For 2001, we find in Dell’s 10-k: COGS=$ 26,442 (in million)

#3: Inventory turns=
$400
/$442,26 year
= 66.105 turns per year
#4: Per unit Inventory cost =
yearper66.105
yearper40%
= 0.605% per year
Q2.2. Airline

We use Little’s law to compute the flow time, since we know both the flow rate as well
as the inventory level:
Flow Time = Inventory / Flow Rate = 35 passengers / 255 passengers per hour = 0.137
hours

= 8.24 minutes

Q2.3 Inventory Cost

(a)
Sales = $60,000,000 per year / $2000 per unit = 30,000 units sold per year
Inventory = $20,000,000 / $1000 per unit = 20,000 units in inventory

Flow Time = Inventory / Flow Rate = 20,000 / 30,000 per year = 2/3 year = 8 months

Turns = 1 / Flow Time = 1 / (2/3 year) = 1.5 turns per year

Note: we can also get this number directly by writing: Inventory turns=COGS/ Inventory

(b) Cost of Inventory: 25% per year / 1.5 turns=16.66%. For a $1000 product, this would
make an absolute inventory cost of $166.66.

Q2.4. Apparel Retailing

(a) Revenue of $100M implies COGS of $50M (because of the 100% markup). Turns =
COGS/Inventory = $50M/$5M = 10.

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