Please do fast ... ASAP ...fast please A firm uses every year 12,000 units of a raw material costing Rs. 1.25 per units. Orderingcost in Rs. 15.00 per order and the holding cost is 5% per year of average inventory.6.a)Find the economic order quantity.The firm allows E.O.Q. purchasing policy. It operators for 300 days per year.Procurement time is 14 days and safety stock is 400 units. Find the reorder point, themaximum inventory and the average inventory.b)

Economic Order Quantity (EOQ) is inventory ordering technique which helps to reduce the total…

A firm uses every year 12,000 units of a raw material costing Rs. 1.25 per units. Ordering cost in Rs. 15.00 per order and the holding cost is 5% per year of average inventory. a) Find the economic order quantity. The firm allows E.O.Q. purchasing policy. It operators for 300 days per year. Procurement time is 14 days and safety stock is 400 units. Find the reorder point, the maximum inventory and the average inventory. b)

A firm uses every year 12,000 units of a raw material costing Rs. 1.25 per units. Ordering cost in Rs. 15.00 per order and the holding cost is 5% per year of average inventory. a) Find the economic order quantity. The firm allows E.O.Q. purchasing policy. It operators for 300 days per year. Procurement time is 14 days and safety stock is 400 units. Find the reorder point, the maximum inventory and the average inventory. b)

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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