an average daily demand of 50 ampoules, 5 days’ lead time and 40 ampoules safety stock,compute for the reorder point?
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With an average daily demand of 50 ampoules, 5 days’ lead time and 40 ampoules safety stock,compute for the reorder point?
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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.How are the reorder point and lead time related in inventory analysis?The following information regarding inventory policy was assembled by the GB Inc. The company uses a 50-week year in all calculations: Sales: 10,000 units per year Order quantity: 2,000 units Safety stock: 1,300 units Lead time: 4 weeks The reorder point is: a. 3,300 units b. 2,100 units c. 100 units d.300 units
- 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 daysBased on available information, lead time demandfor PC jump drives averages 50 units (normally distributed),with a standard deviation of 5 drives. Management wants a97% service level.a) What value of Z should be applied?b) How many drives should be carried as safety stock?c) What is the appropriate reorder point?The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes peryear (365 days). It costs the store $60 per order of Munchies, and it costs $0.80 per box per yearto keep the cereal in stock. Once an order for Munchies is placed, it takes 4 days to receive theorder from a food distributor. Determine The reorder point
- Lead time for some SKU is always 10 days, and demand for that SKU is always 50 per day. What isthe reorder point for this SKU?Princeton GI Roofing Ltd wants to reduce its total inventory cost using the appropriate EOQ model. Currently, it orders 2170 thick gauge roofing sheets per batch. Annual demand is projected to be 43420 sheets. The ordering cost is Php 120. The average carrying cost is equivalent to 20% of the unit acquisition price of Php 400. Lead time is three days. Assume a 365 day year. d. Based on the appropriate EOQ model, what should be the reorder point? Express your answer up to the nearest integer or whole number. Exclude commas and any unit of measuree.How much would the total annual inventory cost be reduced based on the results of the EOQ Model? Express your answer up to the nearest PESOf.Express the computed cost reduction in the total annual inventory cost in terms of percentage up to the nearest integer or whole number. Exclude commas and the % sign.Based on available information, lead time demandfor PC jump drives averages 50 units (normally distributed),with a standard deviation of 5 drives. Management wants a97% service level. Ja) What value of Z should be applied?b) How many drives should be carried as safety stock?c) What is the appropriate reorder point?
- An company of furniture manufacturing purchases timber wood planket at $ 56 per unit. The annual demand of timber planket is 6500 units.. the ordering cost is $ 250 per order, carrying cost is $ 7 per unit, lead time is 8 day. Calculate economic order quantity and the reorder point when the per day demand is 34 units .An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper (working days=250). Annual demand is nearly constant at 2500 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time is 2 days. a. Find the optimal order quantity. b. What is the reorder point? c. What is the total inventory cost? d. What is the cycle time?The following information regarding inventory policy was assembled by the GB Inc. The company uses a 50-week year in all calculations: Sales: 10,000 units per year Order quantity: 2,000 units Safety stock: 1,300 units Lead time: 4 weeks The reorder point is: 3,300 units 2,100 units 100 units 1,300 units