If the annual demand of gear is 24000 units, replenishment cost is Rs 20 and the cost of holding a unit in stock per annum is Rs 0.0375 Find economic replenishment
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If the annual demand of gear is 24000 units, replenishment cost is Rs 20 and the cost of holding a unit in stock per annum is Rs 0.0375 Find economic replenishment quantity.
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- Please solve all questions in 30min please Alimin Sdn. Bhd’s plant experiences a daily demand of 100 units of component B that is purchased from a supplier at RM25 per unit. The plants operate 360 days per year. The plant has been using continues review policy for replenishment of the component, with an order size of 400 units. The cost of placing including delivery is RM20 and the annual holding cost per unit is RM4. In order to minimize total annual inventory cost, the company is now considering to use economic order quantity (EOQ) model. Required: a. Calculate total annual inventory cost of component B by using the current policy. b. Calculate the order size by using EOQ formula. c. Calculate total annual inventory cost that the company can save if it uses EOQ. d. Assuming the lead time is 3 days, compute re-order point of component B. Note: Total annual inventory cost = Ordering costs + Holding Costs1. (a)A computer products store colour graphics monitors, and the daily demand is normally distributed, with a mean of 1.6 monitors and standard deviation of 0.4 monitor. The lead time to receive an order from the manufacturer is 15 days. Determine the reorder point that will achieve a 98% service level. (b)Lumumba Carpet Discount Store sells Super Shag carpet. The average daily customer demand for the carpet stocked by the store is normally distributed, with a mean daily demand of 30 metres and a standard deviation of 5 metres of carpet per day. The lead time for receiving a new order of carpet is 10 days. Advice the the store if they desire a reorder point and safety stock for a service level of 95%, with the probability of a stockout equal to 5%.b. The demand for an item is 15000 per year. Its production rate is 300 per month. The carrying cost is Rs. 0.50/unit/month and the set up cost is Rs. 400 per set up. the shortage cost is Rs. 30 per unit per year. Find various Parameters of inventory system.
- Cafe Celo uses 250 kg of sirloin steak for its meals, every month with an ordering cost of BD 15 and carrying cost of Bd 3, The manager insists on ordering 500 kg every order month. If this is the case, what is the price difference on the Total Cost if the shop will use the optimum quantity? a. BD 320.40 b. BD 319.50 c. BD 289.50 d. BD 322.80 e. None of the Above CLEAR MY CHOICEA company has been approached by their supplier who would be willing to offer a discount of 5% on orders over 500 units. Information regarding current inventory costs is as follows: Holding cost per unit per annum 10% of purchase price Ordering costs = $2 per order Annual demand = 15,000 units Purchase price 200 units Identify which option is better for the company. $15 per unit Current EOQ quantity = = =Melur based uses and sells 15,000 units of a products per year with the price of RM60,000. Carrying costs are RM12 per unit per annum and the cost of placing order is RM30. The purchase price per unit is RM4. The lead time is 5 days and therefore Melur Berhad keeps 100 units in inventory as safety stock. Based on the information above compute: i) Economic order quantity of Melur Berhad ii) Number of orders per year
- A company is considering the feasibility of changing suppliers for coupling hardware. Presently, the company has an optimal purchasing policy with Ace Hardware at discount of 1%. Currently, yearly purchases are 81,000 and the administrative charges are sh.125 per purchase, and the carrying charges are 25% of the average inventory level.The annual usage of company sed Ltd is 1550 units and placement cost per order is 250. Storage cost per unit per annum is 20 Rupees, calculate the economic order quantity in inventory management ?2. The EOQ for Material is 7,500 gallons, and the carrying cost per gallon per year is P.25. What is the total annual carrying cost for Material?
- Suria Enterprise has 15 items in the inventory. The annual demand and unit cost for each item are listed in Table Q1(a). i) Recommend an ABC classification system for the inventory. Table Q1(a) Annual Demand (unit) Item Unit cost ($) AA 3000 10.00 BB 2000 1.80 CC 3000 75.00 DD 2500 1000.00 ЕЕ 5000 300.00 FF 7000 2.50 GG 1000 5.00 HH 5000 12.00 JJ 4000 20.00 KK 2500 100.00 LL 1500 38.00 MM 1000 25.00 NN 3500 25.00 PP 3000 200.00 QQ 4000 240.00Nestle Ltd. produces its premium plant food in 50 Kg bags. Demand is 100,000 Kgs. per week and the plant operates 52 weeks each year. Nestle can produce 250,000 Kgs. per week. The setup cost is OMR 250 and the annual holding cost rate is OMR 0.550 per bag. What should be the optimal production quantity? Round-up to the nearest integer O a. 11228 b. None is correct С. 12553 d. 11010 e. 14035Tradewinds Imports is an importer of ceramics from overseas. It has arranged to purchase a particular type of ceramic pottery from a Korean artisan. The artisan makes thepottery in 120-unit batches and will ship only that exactamount. The transportation and handling cost of a shipment is $7600 (not including the unit cost). The importerestimates its annual demand to be 1400 units. What storageand handling cost per unit does it need to achieve in orderto minimize its inventory cost?