(e) Maximum inventory (f) Total annual cost (in $) (g) Reorder point
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- TOPIC: INVENTORY SYSTEMS FOR INDEPENDENT DEMAND Demand / days = 40 units Days per year considered in average daily work Cost to place an order = $10 Holding cost per unit per year = 10% of cost per unit Lead time = 2 days Cost per unit = $15 Determine the economic order quantity, the reorder point, and total annual cost!Please do not give solution in image format thanku Carousel Restaurant in Coquitlam is using perpetual inventory control method. Determine the reorder quantity of chickpeas cans if the par stock is 25 cans, delivery takes 5 days, the daily usage is 2 cans and the desired safety factor is 1.5 a. 10 b. 20 c. 25 d. 15Describe the difference between a fixed-quantity (Q) anda fixed-period (P) inventory system.
- explain what is ABC analysis fundamental premise what are the three factors that go into an ABC inventory analysis?• Assume that ABC company is decided to sale every tire at $ 2 per unit. Forecasted demand of tire in next year is 9,600. Annual carrying cost is $16 per tire and ordering cost is $ 75. The distributor operates 288 days a year. i. What is the EOQ? ii. Hw many times per year does the store reorder? iii. What is the length of an order cycle? iv. What is the total annual cost if the EOQ quantity is ordered?ECUR UMIC ORDER QUANTITY CALCULATIONS (2 QUESTIONS) Company uses 800 units of a product per year on a continuous basis. The product year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the a safety stock of 5 days usage in inventory. has carrying costs of $50 A. Calculate the economic order quantity a. 98 B. Determine the reorder a. 150 days (3 CASH DISCOUNTS point. ONS) (Assume (EOQ). a 360-day year.) per unit per firm requires
- What is the ABC analyses! fundamental premise? What are the three measures involved in performing an ABC inventory analysis?Under which circumstances would you use single period/newsboy model for inventory management?a) Cycle Inventory b) Total cost c) Reorder level if lead time is constant at 4 days
- Inventory Policy Weekly Stochastic Demand, D follows N(HD=539,0²D=6724) Given: T=1.5 weeks (inventory period) Lead time: 0.2 weeks Stock out Level=alpha=0.10 Service Level =1-alpha= 0.90 Use from excel: normsinv() to find Zalpha When to Order ROP=? How Much to Order Q =?Define Inventory holding?Walrus Company has the following information available concerning one of its inventory items: Cost of placing an order $30.00 Unit carrying cost per year $3.00 Annual unit demand 6,625 Safety stock 125 Average daily demand 25 Normal lead time in days 10 If there is a delay in shipping the item, approximately how many days can be covered by the safety stock? a.5 days b.110 days c.26 days d.31 days