Calculate the average time a unit spends in inventory between orders in DAYS for the optimal order quantity from the problem above.

Subject: Materials Management and Inventory Systems   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: Demand (D) = 2,000 units/year, normally distributed Standard deviation of weekly demand = 3 units Ordering cost = $ 50 /order Holding cost (H) = $ 6.00/unit per year Desired service level = 90 % Lead time (L) = 5 weeks If the company uses a periodic review system, what should the review period (P) be (in weeks)? Pick the closest answer.

Inventory management and demand planning at Dell The computer company Dell has long been seen as one of the most agile businesses in the industry. The success of Dell is in large part due to its highly responsive supply chain, which is capable of building and delivering customized products in a matter of days with minimal inventory. Dell’s ability to operate a build-to-order strategy is based partly on the modular design of many of their products but more particularly on a very high level of synchronization with their suppliers. There is a high level of visibility across the Dell supply chain with suppliers receiving information on Dell’s order book every two hours. Ahead of this information, suppliers are provided with capacity forecasts from Dell to enable them to produce at a rate that is planned to match actual demand. Each of Dell’s factories is served from a ‘vendor hub’, operated by third- party logistics service providers, the purpose of which is to keep a buffer of inventory…

Inventory Planning in Procter & Gamble– Advantages and Disadvantages

Evaluate the ethical considerations involved in inventory optimization, including its social and environmental implications.

What is the reason for a manufacturing organization to need three separate types of inventory?

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following​ table*.                                                                                                                                          Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20   30   30 30 20   10 40   60 ​*Holding cost   =​$   2.50​/unit/week; setup cost   =​$   150​; lead time   =1 ​week; beginning inventory   =40.   What is the average demand per​ week? ​ with 2 decimal places​):   Calculate Economic Order Quantity​ (EOQ) ​   Develop a EOQ solution ​(enter your responses as whole numbers​).                                                             Period   1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements   20   30   30 30 20   10 40   60 Scheduled receipt…

If Sarah wants to minimize inventory holding and ordering costs, how much Palm oil should she purchase with each order (in kgs)?

KGU company sells shoes whose daily demand is 100 units. The inventory holding cost is $2 per unit per year. The company also spends $20 per unit to process order. It takes 6 days from the time of reorder to the stocking of the inventory. The company keeps a safety stock that can cover twice the inventory. What is the ideal order quantity for KGU to purchase to minimize inventory costs? What is the ideal level of inventory at which KGU should pace a purchase order?