On the average a firm has a 10-week lead time for, Operation Management

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On the average a firm has a 10-week lead time for

On the average, a firm has a 10-week lead time for work-in-process, and the annual cost of goods sold is %15 million. Assuming that the company works 50 weeks a year:

What is the approximate dollar value of the work-in-process?

If the lead time could be reduced to 7 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving?

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Operation Management: On the average a firm has a 10-week lead time for

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