To support the manufacture of desktop computers for its customers, Dell needs to order all the parts that go into the computer, such as hard drives, motherboards, and memory modules. Obviously, the demand for these items is driven by the production schedule for the computers. What is the term used to describe demand for these parts?
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To support the manufacture of desktop computers for its customers, Dell needs to order all the parts that go into the computer, such as hard drives, motherboards, and memory modules. Obviously, the demand for these items is driven by the production
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- The production order quantity for this problem is approximately 332 units. daily demand rate = 64; daily production rate = 100. What is the average inventory on - hand ( in other words - the inventory for which you are paying Holding Costs ) In this problem ?Please complete the sup part: e,f and g. 1.B&H needs to decide how to manage its inventory of cameras. The demand for cameras at B&H is 200 cameras per week. Each time that B&H places an order for a new shipment of cameras, it must pay $80 in fixed processing fees. A camera costs B&H $60 to purchase. The cost for B&H to hold a camera in its store for one week is $4. Assume that the lead time for the delivery of a camera is 0 weeks.a. Suppose that B&H places orders for cameras in quantities of 50 cameras at a time and places a new order for cameras each time that it runs out. Draw a graph showing the number of cameras that B&H has on-hand in inventory at each point in time up until the time when it places its fourth-order. Label the points in time at which B&H places a new order. Assume that B&H places its first order for 50 cameras on day 0.b. Suppose again that B&H places orders for 50 cameras at a time. What will be B&H’s average holding…Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,000 each. Because of the unique characteristics of the engine, special tooling is needed during the manufacturing process for which you agree to reimburse the supplier. Your assistant has obtained quotes from two reliable engine suppliers and you need to decide which to use. The following data have been collected: Requirements (annual forecast) 12,000 units Weight per engine 22 pounds Order processing cost $125 per order Inventory carry cost 20 percent of the average value of inventory per year Note: Assume that half of the lot size is in inventory, on average (1,000 ÷ 2 = 500 units). Two…
- This is a model most suitable when inventory is filled in in the first Monday of each month only at fixed intervals.You were asked to assist with optimising the stock ordering and holding process for a company that sells car batteries. As part of the process, you need to decide the optimal order size to minimise associated costs. You are given the following information: • The batteries cost R400 each. • Sales volumes are constant at 600 batteries per month. • The lead time from order to delivery is 14 days. • It costs R360 for every order to be processed. It is calculated that it costs R5 to store a battery per month. 4) Calculate the optimal total costs.i have found anther answer for this question on bartleby and it has a lot less working out and he didnt give answer to second question but the answer he gave for the first one is very different i am not sure which one to use below is his answer: Step 1: Basic Information The question is related to Economic order quantiy Economic Order Quantity is that level of inventory at which ordering cost and handling cost are minimum. It is calculated with the help of following formula Economic Order Quantity = √2RO ÷ C R = Annual Requirment C = Carrying or Holding cost O = Ordering Cost Step 2: Solution Economic Order Quantity = √2RO ÷ C Economic Order Quantity = √2 × 3000 × 20 ÷ 4.25 Economic Order Quantity = √28,235.294117647 Economic Order Quantity = 168.0336100834 pounds R = Annual Requirment i.e.250 × 12 = 3000 pounds per annum. C = Carrying or Holding cost i.e. £4.25 O = Ordering Cost i.e. £20 Quantity to be ordered = 168.03 pounds. Supplier = Vendor 1 should be used as the cost…
- An assembler orders two components from a single supplier. The assembler uses 200 units of the first component and 4000 units of the second component every month. The fixed transportation cost is $600. Also, the inspection and sorting costs are $100 for each component. The unit purchasing cost is $400 for the first component and $200 for the second component. The carrying cost is 20%. The assembler is trying to come up with an ordering plan that minimizes total holding and ordering costs. Find the best possible plan using the heuristic method. Calculate the average number of orders per month and order quantity for each component. In addition, calculate the total holding and ordering costs. Please show calculation in excel as well as answerAssume that each unit demanded of a company's product generates 66 USD in revenue and that each unit ordered costs 56 USD. How much will the company gain or lose in a month if it places an order of 439 units and the actual demand for the item is 374 units? Is it a loss or a gain?For a given store demand in Week 5 is 375 and onhand inventory at the end of Week 4 is 450 If the manufacturing lead time for this particular item is two weeks then what will be the Store demand
- Models of inventory systems frequently consider the relationships among a beginning inventory,a production quantity, a demand or sales, and an ending inventory. For a givenproduction period j, letsj-1 = ending inventory from the previous period (beginning inventory for period j)xj = production quantity in period jdj = demand in period jsj = ending inventory for period ja. Write the mathematical relationship or model that shows ending inventory as a functionof beginning inventory, production, and demand.b. What constraint should be added if production capacity for period j is given by Cj?c. What constraint should be added if inventory requirements for period j mandate anending inventory of at least Ij?Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,200 units. Because of the unique characteristics of the engine, special tooling is needed during the manufacturing process for which you agree to reimburse the supplier. Your assistant has obtained quotes from two reliable engine suppliers, and you need to decide which to use, the following data have been collected. Requirements (annual forecast) 14,400 units Weight per engine 25 pounds Order processing cost $ 145 per order Inventory carry cost 20% of the avg. Value of inventory per year…Daily demand for a product is 10 units with a standard deviation of 3 units. The review period is 30 days, and lead time is 14 days. Management has set a policy of satisfying 98 percent of demand from items in stock. At the beginning of this review period, there are 150 units in inventory.How many units should be ordered?