Demand = 1570 per quarter, T (Inventory period) <= 5.4 months, Lead Time weeks, safety stock = 15. Q11.1. What is the inventory period (ROP, Q)?
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- Q1/ Alpha Company estimates its product cost at 8000 $, the estimated annual requirement is 25000 units at holding cost 15% of product cost. a. What is the most economical number of units to order?(EOQ). b. How many orders should be placed in a year?(optimal number of orders).What happens to the EOQ and the total cost when unit price is doubled?Give 3 examples of inventory risk.
- Darren Company uses 36,000 yards of canvas each month to make tents. It usually takes four (4) days from the time Darren orders the material to when it is received. If the desired safety stock is 5,000 yards, what is the re-order point?(Answer format: 25,000) no peso sign, no unit of measure!a) Cycle Inventory b) Total cost c) Reorder level if lead time is constant at 4 daysYear Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1 503,425 10,300 12,400 2 643,056 12,400 11,200 3 690,432 11,200 10,670 4 734,509 10,670 11,200 5 758,734 ? 10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answer
- Q2) Groundz Coffee Shop uses 4 kgs of a specialty tea weekly; each kg costs $16. Carrying costs are $1 per kg per week because space is very scarce. It costs the firm $8 to prepare an order. Assume 52 weeks per year. How many kgs of tea should Groundz order at a time? What is total annual cost. How many orders should Groundz place annually. Q2) Groundz Coffee Shop uses 4 kgs of a specialty tea weekly; each kg costs $16. Carrying costs are $1 per kg per week because space is very scarce. It costs the firm $8 to prepare an order. Assume 52 weeks per year. How many kgs of tea should Groundz order at a time? What is total annual cost. How many orders should Groundz place annually.Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as DEMAND PROBABILITY OF DEMAND 1,800 dozen 0.05 2,000 0.10 2,200 0.20 2,400 0.30 2,600 0.20 2,800 0.10 3,000 0.05 Each dozen sells for $0.69 and costs $0.49, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to $0.29 and sold the following day as day-old merchandise. Compute the expected profit or loss for each cookie making decision quantity. (Round your answers to the nearest whole number. Enter expected losses with a negative sign) Based on your answers to part a., what is the optimal number of cookies to make? By using marginal analysis, what is the optimal number of cookies to make?Caring Hospital’s dispensary reorders doses of a drug when the supply on hand falls to 18 units.Lead time for resupply is three days. Given the typical usage over the last 10 days, what servicelevel is achieved with the hospital’s reorder policy? (Hint: Use Formula 13–13.)Day 1 2 3 4 5 6 7 8 9 10Units 3 4 7 5 5 6 4 3 4 5