Lead time for one of your fastest-moving products is 19 days. Demand during this period averages 90 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number).
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Lead time for one of your fastest-moving products is 19days. Demand during this period averages 110 units per day. What would be an appropriate reorder point? _ units (enter response as a whole number).Lead time for one of your fastest-moving products is 21 days. Demand during this period averages 100 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number).
- Lead time for one of your fastest-moving products is 23 days. Demand during this period averages 105 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half? units (enter your response as a whole number). units (enter your response as a whole number).Lead time for one of your fastest-moving products is 19 days. Demand during this period averages 90 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? units (enter your response as a whole number). c) How does your answer change if demand during lead time drops in half? units (enter your response as a whole number).Lead time for one of your fastest-moving products is 20 days. Demand during this period averages 110 units per day. Part 2 a) What would be an appropriate reorder point? _______ units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half?
- ABC Company placed an order on December 1. It normally receives the order after 9 days. If the company has a normal usage of 10 units per day. What is the re-order point?Weekly Average Demand 110 Standard deviation of (weekly) demand 30 Setup cost ($) 1400 Lead time (in weeks) 2 Procurement cost ($) 200 Holding cost /unit/week ($) 3 You are given the demand and inventory related information about a grocery store’s product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 97%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number.Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?
- Thomas Kratzer is the purchasing manager for theheadquarters of a large insurance company chain with a centralinventory operation. Thomas’s fastest-moving inventory item hasa demand of 6,000 units per year. The cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. The aver-age ordering cost is $30 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f ) What is the total annual inventory cost, including the cost ofthe 6,000 units?Lead time for one of your fastest-moving products is 19days. Demand during this period averages 110 units per day. reorder point= 2,090 units How does your answer change if demand during lead time doubles? _ units (enter response as a whole number).Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).a. What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?