300 words needed by 9 pm est

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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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