a. What is the inventory control system for Tegdiws? Reorder quantity = 1,225 Reorder point = 824.24 b. Find the total inventory costs if using inventory policy.

Investigate the historical evolution of inventory management strategies, with a focus on the contributions of R. H. Wilson.

52  Demand for an item is 3,800 units per year. Each order placed costs $15; the annual cost to carry items in inventory is $10 each. In what quantities should the item be ordered? Note: Round your answer to the nearest whole number.

Alpha Products, Inc., is having a problem trying to control inventory. There is insufficient time to devote to all its items equally. The following is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.in Table 3 (below): Table 3. Item Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Annual Dollar Usage ($) 7,000 1,000 14,000 2,000 24,000 68,000 17,000 900 1,700 2,300 80,000 400 1,100 30,000 1,900 800 90,000 12,000 300 32,000 a) As an Operations Management specialist, what system would you recommend for allocating control time for this inventory.

​EOQ, reorder​ point, and safety stock   Alexis Company uses 937units of a product per year on a continuous basis. The product has a fixed cost of ​$44 per order, and its carrying cost is ​$4 per unit per year. It takes 5 days to receive a shipment after an order is​ placed, and the firm wishes to hold 10​ days' usage in inventory as a safety stock.   a. Calculate the EOQ. b. Determine the average level of inventory.   ​(Note​: Use a​ 365-day year to calculate daily​ usage.) c. Determine the reorder point. d. Indicate which of the following variables change if the firm does not hold the safety​ stock: (1) order​ cost, (2) carrying​ cost, (3) total inventory​ cost, (4) reorder​ point, (5) economic order quantity.

a) What is the economic order​ quantity? b) Find the annual holding costs.c) Find the annual ordering costs.d) What is the reorder point?

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.                 Item cost $ 8.00   Standard deviation of weekly demand 25 per week Order cost $ 298.00   Lead time 4 weeks Annual holding cost (%)   29 % of item cost Service probability 98 % Annual demand   28,100         Average demand   562 per week           a. Determine the order quantity and reorder point. (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)         Optimal order quantity   units Reorder point   units     b. Determine the annual holding and order costs. (Round your answers to 2 decimal places.)         Holding cost $   Ordering cost $       c. Assume a price break of $50 per order was offered for purchase quantities of 2,100 or more units per order. If…

Sumco's annual demand is expected to increase from 1,000 units to 1,500 units, the ordering cost is reduced to $8 per order and the average carrying cost per unit per year is increased to $0.80. Under these new conditions: A) Calculate the new EOQ. B) Calculate the Annual Ordering Cost, the Annual Holding Cost and the Total Annual Cost. C) Plot a graph showing Ordering Cost, Holding Cost and Total Cost as a function of Q for this problem Predictions: On acer

Describe the key principles of the Wilson approach in inventory management.

Discuss what is meant by ABC analysis of inventory.Name several measures that can determine ABCstatus