Calculate the reorder level where consumption per week is 500-600 units, delivery 14-28 Days
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Calculate the reorder level where consumption per week is 500-600 units, delivery 14-28 Days
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- Upon delivery, only the items quantity ordered on the PO(pruchase order) is received and a Daly Receiving Report (DRR)made by the supplier at the time of delivery. True or false?Given the following information, determine the amount to order.d¯ = 30 units per day Desired service level = 99 percentσd = 3 units per day Amount on hand at reorder time = 71 unitsLT = 2 days OI = 7 daysWhy do we use "Specifications or bill of material" in the dependent inventory model?
- “oh fada” receives supplies from a wide range of suppliers directly and adds value by breaking down bulk, customising certain items, and holding stocks until customers require them. The number of inflows of various ranges of goods serving the same purpose has begun to increase with several large amounts laying ideal in warehouse and threatening to become obsolete and also adding up unnecessary cost. The coding system does not allow for ease of identification of the products and wrong item are often picked as the difference between the right and wrong item can be just one digit. Orders are received by telephone and there is no provision for electronic ordering. The stock coding system is a sequential one and has contributed to several issues including inaccurate order entry as it is not possible to find the product details from the codes in use. The products for the orders are manually picked by a team, stock records is done manually with a lot of errors and does not update stock…Discount-Mart (see Problem 16.8), as part of its newLean program, has signed a long-term contract with SpecialtyLighting and will place orders electronically for its halogen lamps.Ordering costs will drop to $.50 per order, but Discount-Mart alsoreassessed its carrying costs and raised them to $20 per lamp.a) What is the new economic order quantity?b) How many orders will now be placed?c) What is the total annual cost of managing the inventory withthis policy?What are the primary trade-offs captured in the Economic Order Quantity (EOQ) Model? Inventory Cost Variable Cost of Units Revenue Fixed Cost When Placing Orders
- Upon delivery, only the items quantity ordered on the PO(pruchase order) is received and a Daly Receiving Report (DRR)made by the supplier at the time of delivery. True or false? Plz send the answer fastPerform an ABC analysis on the following set of products. Item Annual Demand Unit Cost A211 800 $9 B390 100 $90 C003 450 $6 D100 400 $100 E707 85 $2,000 F660 250 $320 G473 500 $75 H921 100 $75 Answer: Item Annual Demand Unit Cost Volume Cumulative volume Cumulative percent Total =Reorder Point Ordering: Average demand per day () is 25 units, with a std. dev. of (od) 15 units. Lead time (LT) is 49 days. Find demand during lead time (DDL), safety stock (SS) and reorder point (ROP ) for 4-sigma (z = 4). DDL= 500 units, SS = 1225 units, ROP = 1645 units DDL= 1,645 units, SS=420 units, ROP = 1225 units DDL= 1,225 units, SS = 420 units, ROP = 1645 units DDL= 0 units, SS = 1225 units, ROP = 420 units DDL= 420 units, SS = 1645 units, ROP = 420 units
- What are the advantages of ordering in small lot sizes for Just-in-Time implementation?Reorder Point Ordering: Average lead time (??⎯⎯⎯⎯⎯⎯⎯⎯)(LT¯) is 20 days, with a std. dev. (???)(σLT) of 6 days. Daily demand (?)(d) is 50 units (constant). Find safety stock (??)(SS) and reorder point (???)(ROP) for ?=2z=2. Group of answer choices SS=80.5 units, ROP=1080.5 units SS=53.7 units, ROP = 1053.7 units SS=900 units, ROP=1,900 units SS=600 units, ROP = 1,000 units SS=600 units, ROP=1,600 unitsFor fixed order quantity inventory system, which of the following costs is increased when order size (Q) is increased? a) Setup cost b) Ordering cost c) Start-up quality cost d) Insurance cost e) Receiving inspection cost