Daily Usage of a Product Is 10 in a Facility

question 24

Essay

Daily usage of a product is 10 in a facility that operates every day of the year.Setup cost is $68 and annualized carrying cost is $100.Daily production of this product is 20.Lead time is 14 days;safety stock is one day's production.What is the optimum kanban size,and number of kanbans?

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Definitions:

Flexibility

The ability of a system or process to adapt or adjust to changing conditions or needs.

FAIS

Financial Advisory and Intermediary Services, regulations designed to protect consumers by ensuring fair treatment by financial service providers.

TPS

Stands for Transactions Per Second, a measure of the throughput or operational capability of a computer system or application, crucial in evaluating system performance.

Interorganizational ERP

Interorganizational ERP (Enterprise Resource Planning) systems support the shared management of business processes across multiple organizations, enabling data sharing and collaboration.