Describe that reorder point & lead time interrelated in inventory analysis in what way
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Q: How are the reorder point and lead time related in inventory analysis?
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Describe that reorder point & lead time interrelated in inventory analysis in what way ?
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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.Describe how in inventory analysis, the reorder point and lead time are related ?Describe how are reorder point & lead time interrelated in inventory analysis?
- Explore the concept of reorder point (ROP) within the Wilson Approach. How is it calculated, and why is it crucial for inventory management?What are the primary objectives of the Wilson approach, and how does it optimize inventory levels?How does the Wilson approach account for perishable or time-sensitive inventory items, and what modifications may be required for such cases?
- Assess the ethical considerations involved in optimizing inventory through the Wilson approach, particularly in the context of responsible sourcing.How may quantity vary and time remain fixed in case of continuous inventory review system?How does the Wilson approach optimize inventory levels, and what mathematical models are commonly used in its implementation?
- EFG Company provided you that during the year there will be 50 deliveries of material H. The carrying cost per unit is P2.00 and the total ordering costs and carrying costs is P10,000. What is the annual volume requirement of material H?Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of face masks. Irrespective of the plan to be followed, demand for the item is expected to be 1,000 units annually. Under Plan A, Barangay Punta Princesa through their purchasing officer is using a digital platform for ordering: order costs would be Php 40 per order. Inventory holding costs (carrying costs) would be Php 100 per unit per annum. Under Plan B order costs would be Php 30 per order. And holding costs would 20% and unit cost is Php 480. Find out EOQ and Total Inventory cost, then come up with your decision which plan would result in the lowest total inventory cost? can you answer this asap?Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of face masks. Irrespective of the plan to be followed, demand for the item is expected to be 1,000 units annually. Under Plan A, Barangay Punta Princesa through their purchasing officer is using a digital platform for ordering: order costs would be Php 40 per order. Inventory holding costs (carrying costs) would be Php 100 per unit per annum. Under Plan B order costs would be Php 30 per order. And holding costs would 20% and unit cost is Php 480. Find out EOQ and Total Inventory cost, then come up with your decision which plan would result in the lowest total inventory cost?