Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every six weeks to take orders. Because the orders are shipped directly from Italy, they take five weeks to arrive. Charlie's Pizza uses an average of 160 pounds of pepperoni each week, with a standard deviation of 26 pounds. Charlie's prides itself on offering only the best-quality ingredients and a high level of service, so it wants to ensure a 99 percent probability of not stocking out on pepperoni. Assume that the sales representative just walked in the door and there are currently 500 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round Intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Amount of pepperoni's ordered pounds

Suthar Timber Merchants in Patiala, India, features a large selection of building supplies,including timber, fencing and decking, moldings, hardwood flooring, sheet materials,windows, doors, ironmongery, and other materials. The prices of building materials areconstantly changing. When a customer asks about the price on fixtures, fittings, hangings,and other items, sales representatives consult a manual price sheet and then call thesupplier for the most recent price. The supplier in turn uses a manual price sheet, whichFor Theoretical AnswerAssessment Parameter WeightageIntroduction 20%Concepts and Applicationrelated to the question60%Conclusion 20%For Numerical AnswerAssessment Parameter WeightageUnderstanding and usageof the formula20%Procedure / Steps 50%Correct Answer &Interpretation30%has been updated each day. Often, the supplier must call back Suthar's sales reps becausethe company does not have the newest pricing information immediately on hand. Assesshow the use of ERP…

ESTRELLA is a bike retailer located in the outskirts of Bacolod City. ESTRELLA purchases bikes from STORAGEHUB in orders of 250 bikes which is the current economic order quantity. STORAGEHUB is now offering the following bulk discounts to its customers:                                                                                Price 0% discount on orders less than 499                                 P3,500    10% discount on orders above 500 units  - 999                  3,150   15% discount on orders above 1,000 units                          2,975  ESTRELLA is wondering if the EOQ model is still the most economical and whether increasing the order size would actually be more beneficial. Following information is relevant to forming the decision: Annual demand is 5000 units Ordering cost is $100 per order Annual holding cost is 25%   QTY SETUP HOLDING PROODUCT COST TOTAL COST Q1   25423.73 25812.5 what is the product cost what is the total cost Q2   3000 198437.5 what is…

26 Which of the following statements is true with regard to cycle stock?   a It is also called surplus stock.   b It is received from a downstream supply chain partner.   c It is seasonal in nature   d It is also referred to as base stock.   27 Inventories that are in transit in containers or trucks ______.   a are known as pipeline inventories   b are known as in-house inventories   c are relatively small in global supply chain (as compared to domestic supply chains)   d are known as en route inventories

The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $49.00 First purchase 18 units at $54.00 Second purchase 25 units at $59.00 Third purchase 14 units at $59.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. $1,127.00 $1,357.00 $3,616.00 $3,593.00

ESTRELLA is a bike retailer located in the outskirts of Bacolod City. ESTRELLA purchases bikes from STORAGEHUB in orders of 250 bikes which is the current economic order quantity. STORAGEHUB is now offering the following bulk discounts to its customers:                                                                                Price 0% discount on orders less than 499                                 P3,500    10% discount on orders above 500 units  - 999                  3,150   15% discount on orders above 1,000 units                          2,975  ESTRELLA is wondering if the EOQ model is still the most economical and whether increasing the order size would actually be more beneficial. Following information is relevant to forming the decision: Annual demand is 5000 units Ordering cost is $100 per order Annual holding cost is 25% How much is the EOQ for each quantity discount? How much should be the EOQ?

Use ABC analysis to identify the goods that need the most focus and inventory management.

Potter Machine Company expects total sales of $60,000. The price per unit is $10. The firm estimates an ordering cost of $25 per order, with an inventory carrying cost of $0.70 per unit. What is the optimal order size?

SF, owner of the kebab houses, uses 20 pounds of mince each day in preparing meatball. Order costs for mince are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the mince itself costs $3.00 per pound. At what point should she reorder mince? Select one:   20 pounds remaining 60 pounds remaining 100 pounds remaining 80 pounds remaining 40 pounds remaining

Cheryl Druehl has asked you to help her determinethe best ordering policy for a new product. The demand for thenew product has been forecasted to be about I ,000 units annually.To help you get a handle on the carrying and ordering costs,Cheryl has given you the list of last year's costs. She thought thatthese costs might be appropriate for the new product.                                                                                 She also told you that these data were compiled for 10,000 inventoryitems that were carried or held during the year. You havealso determined that 200 orders were placed last year. Your job                                                              as a new opera tions management graduate is to help Cheryl determinethe economic order quantity for the new product.