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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- From the following particulars calculate (1) Inventory turnover ratio and(2) Inventory conversion period. Cost of goods sold is Rs 4,50,000,Opening stock was Rs.1,25,000, Closing stock wasRs.1,75,000A 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.Per Norstrom supplies computer systems to a warehouse in Rotterdam. He sells 16 systems a week. The cost of an average system is € 5,000, while order administration costs and delivery from Malaysia cost € 1,000. The lead time is around 4 weeks and holding costs are around 16 per cent a year. What policy would you recommend for Per?
- Please give fast answer. And give typed answer. I wil give positive rating. Economic Production Quantity (EPQ) TC = D * C + (D / Q) * S + (Imax / 2) * H A bicycle manufacturer uses 50,000 wheels per year for its popular cycle. The firm can make its own wheels, which it can produce at 600 per day. Assembly is uniform numbers over the entire year. The carrying cost is $1.00 per wheel per year, and the setup cost for a production run of wheels is $45. Consider that the plant operates 250 days per year, what is the order quantity and Imax? Using the same numbers, calculate the Average Inventory per day to determine inventory performance.3.A company in Hungary manufactures and sell the product "Mini Bike". The company operates at maximum capacity, producing seven days a week, which makes 50 000 units per year. (To make it simple, we assume that a year has 50 weeks.) The value of a Mini Bike unit leaving production is €100. The cost of capital is estimated to 20%. The cost for holding inventory is 15%, which gives a total inventory carrying cost percentage of 35%. No safety stock is kept in Hungary. Mini Bike is distributed to a wholesaler in the UK, where it's sold to the end customers. There are two transportation alternatives - by rail or by truck:• By rail means a dispatch every 14 days. The transportation time is one week. The cost is €4/unit. • By truck means a dispatch every week. The transportation time is two days. The cost is €6/unit. In the UK, the wholesaler has a safety stock corresponding to half a week of sales. Which distribution alternative gives the lowest total cost when considering the transportation…Atech Service sells professional cleaning machines and scouring agents. They deliver the scouring agents to customers on a fixed weekly schedule. The annual demand is 1500 bottles; each with a value of $10. The fixed cost for each order placed at the supplier is $100. The lead-time is 2 weeks. a) Assuming that the holding cost is $10/year and bottle, calculate the economical ordersize? b) Calculate the reorder point
- A company has the option of purchasing a good ormanufacturing the item. If the item is purchased, thecompany will be charged $25 per unit plus a cost of $4 perorder. If the company manufactures the item, it has aproduction capacity of 8,000 units per year. It costs $50 toset up a production run, and annual demand is 3,000 unitsper year. If the annual holding cost is 10% and the cost ofmanufacturing one unit is $23, determine whether thecompany should purchase or manufacture the item.Per Norstrom supplies computer systems to a warehouse in Rotterdam. He sells 16 systems a week. The cost of an average system is €5000, while order administration costs and delivery from Malaysia cost €1000. The lead time is around 4 weeks and holding costs are around 16 percent a year. What policy would you recommend for Per?The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average inventory value. 1. Based on the above Find and explain the economic order quantity and the total inventory cost per annum.
- Southeastern Bell stocks a certain switch connectorvat its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units. Southeastern estimates its annual holding cost for this item to be $25 per unit. The cost to place and process an order from the supplier is $75. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) Find the economic order quantity. b) Find the annual holding costs. c) Find the annual ordering costs. d) What is the reorder point?Al Fursan Inc. needs 310 kgs of a material per month (four weeks). It costs RO 10 to make and receive an order, and it takes 16 work days to receive it. The annual holding cost is 25 % of purchase price The price RO1 per kg. The company is operating 6 days per week What is the minimum annual total holding and ordering cost? Round-up to the nearest integer?Nestle Ltd. produces its premium plant food in 30 Kg bags. Demand is 100,000 Kgs. per week and the plant operates 52 weeks each year. Nestle can produce 250,000O Kgs. per week. The setup cost is OMR 200 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