Podcast
Questions and Answers
What is the total cost involved in ordering, customs inspection, arranging for airport pickup, and delivery to the plant per order?
What is the total cost involved in ordering, customs inspection, arranging for airport pickup, and delivery to the plant per order?
What is the holding cost per unit per year for wool?
What is the holding cost per unit per year for wool?
What is the lead time for delivery of the wool?
What is the lead time for delivery of the wool?
What is the primary goal of evaluating costs associated to inventory control of wool?
What is the primary goal of evaluating costs associated to inventory control of wool?
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What is the purpose of calculating the ideal number of units of wool to order?
What is the purpose of calculating the ideal number of units of wool to order?
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What is a potential limitation of relying solely on the EOQ model for an organisation like P&G?
What is a potential limitation of relying solely on the EOQ model for an organisation like P&G?
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What is the primary industry of Procter & Gamble?
What is the primary industry of Procter & Gamble?
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In what year was Procter & Gamble founded?
In what year was Procter & Gamble founded?
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What is the name of the CEO of Procter & Gamble?
What is the name of the CEO of Procter & Gamble?
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Where is the regional office of P&G that assembles and sells premium diapers located?
Where is the regional office of P&G that assembles and sells premium diapers located?
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How often does the agent submit an order release for the wool shipment from Asia?
How often does the agent submit an order release for the wool shipment from Asia?
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What is the total annual requirement of P&G for the premium diapers?
What is the total annual requirement of P&G for the premium diapers?
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What is the per unit cost of the premium diapers for P&G?
What is the per unit cost of the premium diapers for P&G?
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What is the frequency of P&G's premium diaper production in terms of working days?
What is the frequency of P&G's premium diaper production in terms of working days?
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Study Notes
Procter & Gamble Company Overview
- Founded in 1837 by William Procter and James Gamble
- Multinational consumer goods corporation and one of the largest in its industry
- Global leader in production and marketing of household and personal care products
Product Portfolio
- Diverse range of consumer goods including:
- Beauty and grooming products
- Health and wellness items
- Household care products
- Baby care products
- Well-known brands include:
- Pampers
- Tide
- Gillette
- Pantene
- Olay
- Crest
Scenario: Inventory Control of Wool
- Regional office in Malawi assembles and sells premium diapers (Pampers brand)
- Supplies procured from various manufacturers worldwide
- Critical items, such as wool, come directly from manufacturers in Asia
- Annual requirement: 500 units (2 per working day)
- Per unit cost: R1,500
- Lead time: 5 working days
- Ordering costs: R500 per order
- Holding costs: R150 per unit per year
Note: Relevant calculations and examples are required to advise on the ideal number of units of wool to order, Reorder Point (ROP), and the limitations of the Economic Order Quantity (EOQ) model for an organization like P&G.
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Description
Learn about the history and business of Procter & Gamble, a multinational consumer goods corporation. Founded in 1837, P&G is a global leader in the production and marketing of household and personal care products.
