Paccar winch makes winch components for its different product lines. the firm operates its production facility 300 days per year. it has orders for about 12,000 winch components per year and has the capability of producing 100 per day. setting up the winch production costs $50. the cost of each winch component is $1. the holding cost is $0.10 per winch component per year. a) what is the optimal size of the production run?

b) what is the average holding cost per year?

c) what is the average setup cost per year?

d) what is the total cost per year, including the cost of the winch components?

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?