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Parts Emporium Case Study
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Parts Emporium Case Study
INTRODUCTION Parts Emporium, Inc. is a wholesale distributor of automobile parts formed by two disenchanted auto mechanics, Dan Block and Ed Spriggs. Originally located in Block’s garage, the firm showed slow but steady growth for 7 years before it relocated to an old, abandoned meat-packing warehouse on Chicago’s South Side. With increased space for inventory storage, the company was able to begin offering an expanded line of auto parts. Fifteen years later, Parts Emporium was the largest independent distributor of auto parts in the north central region. Parts Emporium has engaged Sue McCaskey as materials manager for the company. She recently graduated from a prominent business school. As she is being handed the task …show more content…
Actual demand for drive belt is shown at Table 3. Table 3: Actual Demand for DB032 |Week |Actual Demand |Week |Actual Demand | |11 |18 |17 |50 | |12 |33 |18 |53 | |13 |53 |19 |54 | |14 |54 |20 |49 | |15 |51 |21 |52 | |16 |53 | | | The information for DB032 is shown at Table 4 below. |Lot size |1000units | |Lead time |3 weeks | |Inventory on-hand |324
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Chapter 9 Parts Emporium Supply Chain and Proper Inventory System Paper
by writings | Mar 24, 2020 | General Questions | 0 comments
Read CASE: Parts Emporium at the end of Ch. 9 (pp. 357). SEE ATTACHED AND READ CAREFULLY!!!!Put yourself in Sue McCaskey’s position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt.Write a 1,050- to 1,400-word report.Discuss Parts Emporium supply chain and possible remedies for its supply chain problems.Present a proper inventory system and recognize all relevant costs.Discuss how your recommendations for these two items will reduce the annual cycle inventory, stock-out, and order costs.Include strategic and tactical changes that might improve the company’s inventory performance, reduce variability, and improve customer service.Format your paper consistent with APA guidelines. parts_emporium_case_study.docx
parts_emporium_case_study.docx
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CASE: Parts Emporium Parts Emporium, Inc., is a wholesale distributor of automobile parts formed by two disenchanted auto mechanics, Dan Block and Ed Spriggs. Originally located in Block’s garage, the firm showed slow but steady growth for 7 years before it relocated to an old, abandoned meat-packing warehouse on Chicago’s South Side. With increased space for inventory storage, the company was able to begin offering an expanded line of auto parts. This increased selection, combined with the trend toward longer car ownership, led to an explosive growth of the business. Fifteen years later, Parts Emporium was the largest independent distributor of auto parts in the north central region. Recently, Parts Emporium relocated to a sparkling new office and warehouse complex off Interstate 55 in suburban Chicago. The warehouse space alone occupied more than 100,000 square feet. Although only a handful of new products have been added since the warehouse was constructed, its utilization increased from 65 percent to more than 90 percent of capacity. During this same period, however, sales growth stagnated. These conditions motivated Block and Spriggs to hire the first manager from outside the company in the firm’s history. It is June 6, Sue McCaskey’s first day in the newly created position of materials manager for Parts Emporium. A recent graduate of a prominent business school, McCaskey is eagerly awaiting her first real-world problem. At approximately 8:30 A.M., it arrives in the form of status reports on inventory and orders shipped. At the top of an extensive computer printout is a handwritten note from Joe Donnell, the purchasing manager: “Attached you will find the inventory and customer service performance data. Rest assured that the individual inventory levels are accurate because we took a complete physical inventory count at the end of last week. Unfortunately, we do not keep compiled records in some of the areas as you requested. However, you are welcome to do so yourself. Welcome aboard!” A little upset that aggregate information is not available, McCaskey decides to randomly select a small sample of approximately 100 items and compile inventory and customer service characteristics to get a feel for the “total picture.” The results of this experiment reveal to her why Parts Emporium decided to create the position she now fills. It seems that the inventory is in all the wrong places. Although an average of approximately 60 days of inventory is on hand, the firm’s customer service is inadequate. Parts Emporium tries to backorder the customer orders not immediately filled from stock, but some 10 percent of demand is being lost to competing distributorships. Because stock-outs are costly, relative to inventory holding costs, McCaskey believes that a cycle-service level of at least 95 percent should be achieved. McCaskey knows that although her influence to initiate changes will be limited, she must produce positive results immediately. Thus, she decides to concentrate on two products from the extensive product line: the EG151 exhaust gasket and the DB032 drive belt. If she can demonstrate significant gains from proper inventory management for just two products, perhaps Block and Spriggs will give her the backing needed to change the total inventory management system. The EG151 exhaust gasket is purchased from an overseas supplier, Haipei, Inc. Actual demand for the first 21 weeks of this year is shown in the following table: Week Actual Demand Week Actual Demand 1 104 2 103 3 107 4 105 5 102 6 102 7 101 8 104 9 100 10 100 11 103 12 97 13 99 14 102 15 99 16 103 17 101 18 101 19 104 20 108 21 97 A quick review of past orders, shown in another document, indicates that a lot size of 150 units is being used and that the lead time from Haipei is fairly constant at 2 weeks. Currently, at the end of week 21, no inventory is on hand, 11 units are backordered, and the company is awaiting a scheduled receipt of 150 units. The DB032 drive belt is purchased from the Bendox Corporation of Grand Rapids, Michigan. Actual demand so far this year is shown in the following table: Week Actual Demand 11 18 12 33 13 53 14 54 15 51 16 53 Week Actual Demand 17 50 18 53 19 54 20 49 21 52 Because this product is new, data are available only since its introduction in week 11. Currently, 324 units are on hand, with no backorders and no scheduled receipts. A lot size of 1,000 units is being used, with the lead time fairly constant at 3 weeks. The wholesale prices that Parts Emporium charges its customers are $12.99 for the EG151 exhaust gasket and $8.89 for the DB032 drive belt. Because no quantity discounts are offered on these two highly profitable items, gross margins based on current purchasing practices are 32 percent of the wholesale price for the exhaust gasket and 48 percent of the wholesale price for the drive belt. Parts Emporium estimates its cost to hold inventory at 21 percent of its inventory investment. This percentage recognizes the opportunity cost of tying money up in inventory and the variable costs of taxes, insurance, and shrinkage. The annual report notes other warehousing expenditures for utilities and maintenance and debt service on the 100,000-square-foot warehouse, which was built for $1.5 million. However, McCaskey reasons that these warehousing costs can be ignored because they will not change for the range of inventory policies that she is considering. Out-of-pocket costs for Parts Emporium to place an order with suppliers are estimated to be $20 per order for exhaust gaskets and $10 per order for drive belts. On the outbound side, the company can charge a delivery fee. Although most customers pick up their parts at Parts Emporium, some orders are delivered to customers. To provide this service, Parts Emporium contracts with a local company for a flat fee of $21.40 per order, which is added to the customer’s bill. McCaskey is unsure whether to increase the ordering costs for Parts Emporium to include delivery charges. CASE: Parts Emporium Parts Emporium, Inc., is a wholesale distributor of automobile parts formed by two disenchanted auto mechanics, Dan Block and Ed Spriggs. Originally located in Block’s garage, the firm showed slow but steady growth for 7 years before it relocated to an old, abandoned meat-packing warehouse on Chicago’s South Side. With increased space for inventory storage, the company was able to begin offering an expanded line of auto parts. This increased selection, combined with the trend toward longer car ownership, led to an explosive growth of the business. Fifteen years later, Parts Emporium was the largest independent distributor of auto parts in the north central region. Recently, Parts Emporium relocated to a sparkling new office and warehouse complex off Interstate 55 in suburban Chicago. The warehouse space alone occupied more than 100,000 square feet. Although only a handful of new products have been added since the warehouse was constructed, its utilization increased from 65 percent to more than 90 percent of capacity. During this same period, however, sales growth stagnated. These conditions motivated Block and Spriggs to hire the first manager from outside the company in the firm’s history. It is June 6, Sue McCaskey’s first day in the newly created position of materials manager for Parts Emporium. A recent graduate of a prominent business school, McCaskey is eagerly awaiting her first real-world problem. At approximately 8:30 A.M., it arrives in the form of status reports on inventory and orders shipped. At the top of an extensive computer printout is a handwritten note from Joe Donnell, the purchasing manager: “Attached you will find the inventory and customer service performance data. Rest assured that the individual inventory levels are accurate because we took a complete physical inventory count at the end of last week. Unfortunately, we do not keep compiled records in some of the areas as you requested. However, you are welcome to do so yourself. Welcome aboard!” A little upset that aggregate information is not available, McCaskey decides to randomly select a small sample of approximately 100 items and compile inventory and customer service characteristics to get a feel for the “total picture.” The results of this experiment reveal to her why Parts Emporium decided to create the position she now fills. It seems that the inventory is in all the wrong places. Although an average of approximately 60 days of inventory is on hand, the firm’s customer service is inadequate. Parts Emporium tries to backorder the customer orders not immediately filled from stock, but some 10 percent of demand is being lost to competing distributorships. Because stock-outs are costly, relative to inventory holding costs, McCaskey believes that a cycle-service level of at least 95 percent should be achieved. McCaskey knows that although her influence to initiate changes will be limited, she must produce positive results immediately. Thus, she decides to concentrate on two products from the extensive product line: the EG151 exhaust gasket and the DB032 drive belt. If she can demonstrate significant gains from proper inventory management for just two products, perhaps Block and Spriggs will give her the backing needed to change the total inventory management system. The EG151 exhaust gasket is purchased from an overseas supplier, Haipei, Inc. Actual demand for the first 21 weeks of this year is shown in the following table: Week Actual Demand Week Actual Demand 1 104 2 103 3 107 4 105 5 102 6 102 7 101 8 104 9 100 10 100 11 103 12 97 13 99 14 102 15 99 16 103 17 101 18 101 19 104 20 108 21 97 A quick review of past orders, shown in another document, indicates that a lot size of 150 units is being used and that the lead time from Haipei is fairly constant at 2 weeks. Currently, at the end of week 21, no inventory is on hand, 11 units are backordered, and the company is awaiting a scheduled receipt of 150 units. The DB032 drive belt is purchased from the Bendox Corporation of Grand Rapids, Michigan. Actual demand so far this year is shown in the following table: Week Actual Demand 11 18 12 33 13 53 14 54 15 51 16 53 Week Actual Demand 17 50 18 53 19 54 20 49 21 52 Because this product is new, data are available only since its introduction in week 11. Currently, 324 units are on hand, with no backorders and no scheduled receipts. A lot size of 1,000 units is being used, with the lead time fairly constant at 3 weeks. The wholesale prices that Parts Emporium charges its customers are $12.99 for the EG151 exhaust gasket and $8.89 for the DB032 drive belt. Because no quantity discounts are offered on these two highly profitable items, gross margins based on current purchasing practices are 32 percent of the wholesale price for the exhaust gasket and 48 percent of the wholesale price for the drive belt. Parts Emporium estimates its cost to hold inventory at 21 percent of its inventory investment. This percentage recognizes the opportunity cost of tying money up in inventory and the variable costs of taxes, insurance, and shrinkage. The annual report notes other warehousing expenditures for utilities and maintenance and debt service on the 100,000-square-foot warehouse, which was built for $1.5 million. However, McCaskey reasons that these warehousing costs can be ignored because they will not change for the range of inventory policies that she is considering. Out-of-pocket costs for Parts Emporium to place an order with suppliers are estimated to be $20 per order for exhaust gaskets and $10 per order for drive belts. On the outbound side, the company can charge a delivery fee. Although most customers pick up their parts at Parts Emporium, some orders are delivered to customers. To provide this service, Parts Emporium contracts with a local company for a flat fee of $21.40 per order, which is added to the customer’s bill. McCaskey is unsure whether to increase the ordering costs for Parts Emporium to include delivery charges. … Purchase answer to see full attachment
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Question: Resource: Operations Management: Processes and Supply Chains, Ch. 9 Read CASE: Parts Emporium at the end of Ch. 9 (pp. 794). Put yourself in Sue McCaskey's position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt. Write a 1,050- to 1,400-word report.
Week 5 Case Study: Parts Emporium Parts Emporium A. Synopsis Parts Emporium is a wholesale distributer of automobile parts that was founded by Dan Block and Ed Spriggs in Chicago, Illinois. The firm recently moved to a larger facility because of the slow but steady growth in their business for the last 15 years.
View Parts Emporium_Group 9.docx from MGMT 341 at University of Wisconsin, Eau Claire. ... OPS:350- Wk 2 - Wk 2 - Parts Emporium Case Study.docx. University of Phoenix. OPS 350. Case Study - Parts Emporium.docx. Solutions Available. University of Minnesota-Twin Cities. MANAGEMENT 449. Module 4 Brief.docx. Franklin University. OSCM 731. Chapter ...
Parts Emporium Case Study By Latoya Sims OPS/350 Professor Brad Bergman January 25, 2021 Emporium is a wholesale automobile parts company that was started by two disenchanted mechanics, Dan Block and Ed Spriggs. The company first originated in Block's garage before relocating 7 years later for having steady growth. With Parts Emporium being the only automobile parts distributor in north ...
CASE: Parts Emporium at the end of Ch. 9 (p. 379). Introduction; If it was you in Sue McCaskey's position and do a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt. a thousand fifty word report.
Question 1 Based on the case's critical analysis, I would suggest that Sue McCaskey make a concerted effort at Parts Emporium to enhance the inventory management system. It is because as the company's revenues start rising, warehouse capacity will now be expanded as well.
Purpose of Assignment. The purpose of this assignment is for students to evaluate operations management literature using a case study. Resource: Operations Management: Processes and Supply Chains, Ch. 9. Read CASE: Parts Emporium at the end of Ch. 9 (pp. 357). CASE PARTS EMPORIUM.
Solved by verified expert. Answered by bayajanice4. Summary: Parts Emporium is facing supply chain challenges related to inventory management, specifically with the EG151 exhaust gasket and the DB032 drive belt. This report provides a detailed analysis of the issues and proposes remedies to improve inventory management and address the company's ...
CASE: Parts Emporium at the end of Ch. 9 (p. 379). If you were Sue McCaskey's position and initiate a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt. In one two zero zero words. Introduction; Tell Parts Emporium supply chain and possible remedies for its supply chain ...
Read CASE: Parts Emporium at the end of Ch. 9 (pp. 357). Put yourself in Sue McCaskey's position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt. Create a 10-14 PowerPoint slides with speaker notes. Discuss Parts Emporium supply chain and possible remedies for its supply chain problems. Present a proper ...
This increased selection, combined with the trend toward longer car ownership, led to an explosive growth of the business. By 1998, Parts Emporium was the largest independent distributor of auto parts in the North Central region. In 2000, Parts Emporium relocated in a sparkling new office and warehouse complex off Interstate 55 in suburban Chicago.
Parts Emporium, Inc., is a wholesale distributor of automobile parts formed by two disenchantauto mechanics, Dan Block and Lia Kimathi. Originally located in Block's garage, the firm SOLUTION: Case study parts emporium - Studypool
Parts Emporium Case Study. Parts Emporium, Inc. is a wholesale distributor of automobile parts formed by two disenchanted auto mechanics, Dan Block and Ed Spriggs. Originally located in Block's garage, the firm showed slow but steady growth for 7 years before it relocated to an old, abandoned meat-packing warehouse on Chicago's South Side.
View OPS 350 Week 2 Parts Emporium Case Study -2.docx from OPS 350 at University of Phoenix. OPS/350 OPERATIONS MANAGEMENT The Latest Version A+ Study Guide * OPS 350 Entire Course. ... Read and prepare for answering problems 3, 4 and 5 from Chapter 12 (Stevenson, 2021, p. 546).
CASE: Parts Emporium at the end of Ch. 9 (pp. 357). Put yourself in Sue McCaskey's position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt. Write a 1,050- to 1,400-word report. Discuss Parts Emporium supply chain and possible remedies for its supply ...
Resource: Operations Management: Processes and Supply Chains, Ch. 9Read CASE: Parts Emporium at the end of Ch. 9 (pp. 357).Put yourself in Sue McCaskey's position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt.Write a 1,050- to 1,400-word report.Discuss Parts Emporium supply chain and possible remedies ...
CASE STUDY PARTS EMPORIUM 5 reduce an overall ordering cost to $313/year, and the savings from ordering lesser orders a year is $394. The firm can maintain cost-effective inventory levels by ordering 339 units per order and limiting the number of orders to 15.65 orders each year. It will also help the firm to reduce its holding cost. The total annual cycle inventory cost for EG151 Exhaust ...
The Parts Emporium is experiencing a problem. Some major problems must be addressedwith the Parts Emporium's "chain," its operational process for delivering its products to SOLUTION: Parts emporium case study - Studypool
Parts Emporium Case Study 7 $ 585.65 Safety Stock ( S ) ( assuming a service level of 95 % = 1.65 Standard deviation in weekly demand = 1.76 Belts Standard deviation in demand during lead time σ = 1.76√3 = 3.05 Annual Holding Cost for Safety Stock : S ( HC ) = 83.32 The Normal Distribution appendix shows that a 95 % cycle - servicelevel corresponds to a 1.65 R = Average demand during the ...
Chapter 9 Parts Emporium Supply Chain and Proper Inventory System Paper. Read CASE: Parts Emporium at the end of Ch. 9 (pp. 357). SEE ATTACHED AND READ CAREFULLY!!!!Put yourself in Sue McCaskey's position and prepare a detailed report to Dan Block and Ed Spriggs on managing the inventory of the EG151 exhaust gasket and the DB032 drive belt.Write a 1,050- to 1,400-word report.Discuss Parts ...