Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 30 Period Gross requirements Scheduled receipt Projected On-hand *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Net Requirements Planned Order receipt Planned Order release The total cost is $ 2 3 30 40 4 5 6 789 10 11 12 30 60 30 20 70 60 1 30 2 3 4 5 6 7 30 30 60 30 (enter your response as a whole number). 8 9 20 70 10 11 12 60

What is the difference between Maximum Foreseeable Loss(MFL), Probable Maximum Loss(PML), and Estimated Maximum Loss(EML)?   Please use your own word :)

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period 1 Order receipt Order release 30 2 3 30 1 30 40 || 4 5 2 6 7 40 70 20 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. 3 4 30 8 9 10 11 12 5 6 7 40 70 20 20 80 8 60 9 10 20 80 11 12 60

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Calculate reorder level from the following, consumption per week 100 – 200 units and delivery period 42 – 70 days. a. 800 units b. 1,600 units c. 2,000 units d. 2,400 units

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…

Exercise 11.8 We Care Associates (WCA), a local physician practice group, orders supplies from various distributors. Order quantities of fifteen items have been determined based on the past five years of usage. Other relevant information from the practice’s inventory records is depicted in Table EX 11.8. The practice is functional for fifty-two weeks a year. Item No. Weekly Demand (Unit/Week) Unit Cost ($) Yearly Carrying Rate of Each Item Ordering Cost ($) 1 400 2.50 15% 12.00 2 1,600 0.50 16% 6.00 3 175 37.50 20% 32.00 4 250 3.5 12% 50.00 5 250 1.75 18% 12.00 6 32 2,300.00 2% 35.00 7 1,500 1.25 14% 10.00 8 2,200 0.65 17% 6.00 9 1,270 0.95 21% 5.00 10 120 12.50 12% 12.00 11 220 2.00 15% 28.00 12 350 1.50 14% 18.00 13 18 5,000.00 2% 25.00 14 6 6,700.00 2% 50.00 15 1,250 2.60 22% 19.00…

Based on the article above, explain how inventory management can provide competitive advantage for Amazon.com!

Using the gross requirements schedule below*, prepare an alternative ordering system that orders every 3 weeks for 3 weeks ahead (a periodic order quantity). What is the cost of this ordering system? Period 1 2 3 4 5 6 7 Gross requirements 25 20 40 0 10 50 30 The cost of this ordering system is $ Prepare a net requirements plan (enter your responses as whole numbers). *Holding cost = $1/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 25 units. Period Gross requirements On-hand at beginning of period On-hand at end of period Net requirements Order receipt Order release (enter your response as a whole number). 25 1 25 2 20 3 40 4 5 0 10 8 0 6 50 9 10 30 65 7 30 8 9 10 0 30 65