5. Placing a new order whenever the inventory level drops to a specific re-order point is kn a. Periodic review b. Continuous review c. standard review d. deviational review
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- Purchase Cost per item: $5.00Annual Demand: 36,500 unitsNumber of operating days: 365 daysCost to place an order: $12.00Carrying cost per unit per year: $0.40Orders must be in lot sizes of (multiples of) 20Lead Time: 2 daysSafety Stock: 1 day’s worth (not 1 unit)1) Compute EOQ2) Calculate Re-order point3) Calculate Total Relevant Cost(Ordering + Carrying + Cost of carrying safety stock)Edwarldo’s Manufacturing uses 2,400 units of a product per year on a continuous basis. The product Carrying Cost are $60 per year and Ordering Cost are $250. It takes 20 days to receive a shipment after an order is placed and the firm requires a safety stock of 8 days of usage in inventory. Show Computations and Explanations. A. Calculate the Economic Order Quantity (round up the answer to the nearest whole unit) (Format: 111) B. Calculate the Total Cost per year to order and carry this item. (Format: 1,111) C. Their supplier has notified the company that if they increase their order quantity by 58 units, they will give the company a discount. Calculate the Dollar Discount that the company will have to at least give to Edwarldo’s Manufacturing to be indifferent. (Format: 111)44.A decrease in the lead time would reduce the a. re-order point b. economic order quantity c. safety stock d. carrying cost e. ordering cost
- 13. Which of the following orders is most useful to short sellers who want to limit their potential losses? a. limit order b. discretionary order c. limit loss order d. stop buy order e. none of these4 Total costs are minimum when goods are ordered in economic order quantity lot sizes.Select one:a. Falseb. True39) please help me with this Item X Is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2.700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $20 c. What is the annual cost for storing item X? Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.
- 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?Add two (2) new customers, two (2) old customers and two (2) new POS transactions. SalesID InvoiceNo TransDate Item Description Color Size qty Price StoreID YearID Brand Name Address CurrID YEARVAL 82605 10828 06-Dec-09 8720400000227 REGULAR CIGARS 1 21.74 TCS 2009 HENRI WINTERMANS Yetty BDS 2009 47075 45036325 26-Aug-08 POSTCARDS POSTCARDS 1 1.4 CS 2008 Guenna BDS 2008 4590 60007295 14-Jan-08 3707-11-6 BLOUSES BLK/MLT L 1 586 CC 2008 GOTTEX Yankee CORAL REEF HOTEL USD 2008 4599 60007301 15/1/2008 3007-319-18 PANTS CORAL XS 1 200 CC 2008 CUT LOOSE Quigly YEARWOOD RD BLK ROCK USD 2008Given 150 units of beginning inventory, a lead time of oneperiod, an ordering cost of $400 per order, and a holdingcost of $2 per unit per period, determine which lot sizing technique would result in the lowest total cost for the fol-lowing demand data. Period 1 2 3 4 5 6 7 8Gross Requirements 100 90 85 70 150 200 300 250
- 5. Which of the following inventory technique is appropriate for the classification of inventory depending on the necessity of spares for smooth running of the production? a. ABC analysis b. VPN analysis c. None of the options d. VED analysisA company manufactures two products A and B. Each A requires two C’s and one D. Each D requires two F’s and one E, while each E requires one F. Each product B requires one D and two E’s. The table below shows data from the inventory records. ITEM ITEM ITEM ITEM DATA CATEGORY C D E F Lot - sizing rule Fixed Order Quantity = 220 Lot for Lot Fixed Order Quantity = 300 Period Order Quantity P = 2 Lead time 3 weeks 2 weeks 3 weeks 2 weeks Scheduled receipts 280 (week 1) None 300 (week 3) None Beginning inventory 25 0 150 600 The MPS for product A calls for 85 units to be started in week 3 and 100 units to be started in week 6. The MPS for product B calls for 180 units to be started in week 5.Develop the material requirements plan (showing Gross requirements, Scheduled receipts, On hand inventory, Net requirements, and Planned-order release) for the next six weeks for items C, D, E and F.21. The expected annual usage of a particular material is 540,000 units, and the standard order size is 36,000 units The invoice cost of each unit is P900, and the ordering cost per order is P240. Assuming the company does not maintain safety stock. What is the ordering cost?