a) How many units should be the safety stock? b) What's the product's inventory status? c) How many units should be ordered for this period?
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- 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…A firm orders a number of items from a regional warehouse every 2 weeks. Deliverytakes 1 week. Average demand is 200 units per week, and safety stock is held at2 weeks’ supply.a. Calculate the target level.b. If 600 units are on hand, how many should be ordered?Lack of adequate demand planning knowledge, tools and guidelines may cause major overproduction and excess inventory problems. How can this problem be minimised with the use adequate application in the organization.?
- Part (A) To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ). Materials Requirements Planning (MRP) and Just-in-Time (JIT). Discuss those three approaches identify the goal of each one? And how the organization can achieve such a goal? Part (B) Some threats could be happened in the production cycle, one of them is over or under production threat. Discuss two problems and two controls related to this threat. for the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac).Inventory tracking is concerend both ith the quantity and the location of the goods in inventory. Select one: a. True. b. False.Black Instrument Company replenishes highly specialized replacement (service) parts based on statistical reorder point. One part is a 40-mm thumbscrew. Relevant data for the thumbscrew are: Planned stock out frequency= Six per year. Planned lead time = 2 weeks Forecast for next week= 300 Batch size = 400 Standard deviation of demand = 20 (per week) What is the reorder point? What would be the effect on the ROP if lead time were five weeks instead of two? What other factors might impact your decision on when to reorder parts?
- A manufacturing company produces two products X and Y. Each product X requires one A and two Bs. Each B requires one C and one D. Each product Y requires 1 C and 4Ds. Table Q5A shows data from the inventory records of components. Table Q5A Data category A B C D Lot - sizing rule Fixed order quantity = 250 Lot for lot Lot for lot Fixed order quantity = 1000 Lead time 3 weeks 2 weeks 1 week 2 weeks Beginning inventory 70 0 200 800 The MPS for products X and Y is given in Table Q5B. The on-hand inventories are as follows: X = 100, Y = 30. The only scheduled receipts are 250 units of X in period 2.The lead times are as follows: X = 2 weeks, Y = 3 weeks. The chase strategy is used for both products. Table Q5B Demand in period Product SS 1 2 3 4 5 6 7 8 X 50 300 200 250 Y 30 400 Required: a) Draw a product structure tree for each product. b) Develop…You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. b) EOQ. c) Which plan should we select ? Calculate the total cost of each plan. Please use the following information : Holding Cost per month = $ 0.75 Set Up Cost = $ 150 Lead time = 0 Master Production Schedule : Month 1 2 4 5 6. Gross requireme 100 150 200 150 100 150 250 nts Attach your solutions (Answer the total cost of EOQ plan in field)Use ABC analysis to determine the items deserving mostattention and tightest inventory control.
- Economic Order Quantity and Reorder PointFind the economic order quantity and the reorder point, givenAnnual demand ( D )= 1, 000 unitsAverage daily demand ( d¯ ) = 1, 000 ∕365ordering cost ( S ) = $5 per orde rHolding cost ( H ) = $1.25 per unit per yearLead time ( L ) = 5 daysCost per unit ( C ) =$12.50What quantity should be ordered?Select the best answer for the question. 2. The carrying cost for inventory consists of which cost components? A. Obsolescence cost, storage cost, and capital cost O B. Capital cost, obsolescence cost, and ordering cost C. Storage cost, handling cost, and obsolescence cost D. Obsolescence cost, capital cost, and stockout cost OO 0.0 Mark for review (Will be highlighted on the review page) >>21- Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in inventory b. Old merchandise is sold first c. New merchandise is sold first d. Average number of goods are sold