The main reason suppliers can offer quantity discounts is that

Turn 1

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 1

Question: What is the main difference between “make-to-order” and “make-to-stock” systems?

Answer: The difference is in where the finished product goes. make-to-stock goes towards finished stock and make-to-order goes out directly to the customer.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $9,923.01 $12,023.01 100 No

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Turn 2

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 2

Question: Why would the quality of incoming raw materials be as important as the cost of those materials?

Answer: You want the best quality for the best price. Sometimes cheap isn't always good, but also payingextra isn't either.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $9,689.44 $11,789.44 100 No

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Turn 3

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 3

Question: What are possible reasons that a firm may choose to carry raw materials in inventory before they are actually required for production?

Answer: To ensure they are able to begin the processes of production as soon as the order is received.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $9,522.88 $11,622.88 100 No

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Turn 4

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 4

Question: Why is inventory seen as a form of “waste” in lean systems?

Answer: Because it has not produced revenue yet. Therefore, it is waste.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $9,058.66 $11,158.66 100 No

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Turn 5

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 5

Question: In a “just-in-time” system, why is it important to have reliable suppliers?

Answer: So there are no delays in materials that are needed for manufacturing. JIT only orders what is needed when the orders are received.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $8,323.78 $10,423.78 100 No

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Turn 6

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 6

Question: Why do suppliers offer quantity discounts?

Answer: Because you are spending more money with the supplier.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 $1,905.20 $4,005.20 100 No

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Turn 7

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 7

Question: Why is inspection of raw materials often an inefficient means of improving the quality of the stock?

Answer: There may be some defective items that were overlooked.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 0 0% 0% $0.00 -$645.83 $1,454.17 100 No

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Turn 8

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 8

Question: What are the potential costs of carrying inventory?

Answer: Stocking fees may accumulate f the products or materials are not used in ample time.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 1 100% 100% $3,000.00 $587.43 $2,687.43 135 No

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Turn 9

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 9

Question: Why do suppliers offer discounts for orders with longer lead times?

Answer: It gives the suppliers time to sell to customers who need it immediately and restock before fulfilling the orders with longer lead times. They offer a discount for allowing them to do this.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 4 100% 100% $15,600.00 $10,659.77 $12,759.77 250 No

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Turn 10

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 10

Question: In a make-to-order system, which inventory stage (raw materials, work-in-process, or finished goods) is likely to have the highest inventory levels? Which stage is likely to have the lowest?

Answer: Raw materials will have the highest inventory levels and work-in-process will have the lowest.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 4 100% 100% $15,600.00 $9,838.49 $11,938.49 250 No

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Turn 11

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 11

Question: In a make-to-stock system, which inventory stage (raw materials, work-in-process, or finished goods) is likely to have the highest inventory levels? Which stage is likely to have the lowest?

Answer: Finished goods will have the highest inventory levels, work-in-process will have the lowest.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 4 100% 100% $15,600.00 $6,770.14 $8,870.14 250 No

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Turn 12

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 12

Question: Why is the reduction of setup times so important in lean manufacturing systems?

Answer: To ensure that no wastes are accumulated.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 5 100% 80% $36,600.00 $24,865.90 $26,965.90 282.9878300019 No

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Turn 13

Name: Module 2 for Week 3 Lecturer: OPS571 July

Description:

Turn: 13

Question: Why is it often beneficial to develop a long-term relationship with suppliers?

Answer: Suppliers will often grant more discounts when a relationship is in place.

Player Bids Submitted Bids Won Contracts Complete % Completed on Time % Satisfied on Quality Total Contract Value Account Balance Net Worth Reputation Score Goal Achieved Answer

DESMA MCCORMICK 0 0 6 83% 83% $44,850.00 $30,746.04 $32,846.04 307.9878300019 Yes

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