Huki is a distributor of 'Cotton Shirt,' with a weekly demand of 50 units. Each unit costs at $40 with reorder cost at $200 and holding cost at 25% of value a year. a. Determine the economic order quantity (EOQ), holding cost, ordering cost and total costs. a. If the provider could only deliver 50 units at a time, is there any additional expenses?
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Huki is a distributor of 'Cotton Shirt,' with a weekly demand of 50 units. Each unit costs at $40 with reorder cost at $200 and holding cost at 25% of value a year.
a. Determine the economic order quantity (EOQ), holding cost, ordering cost and total costs.
a. If the provider could only deliver 50 units at a time, is there any additional expenses?
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Please do not give solution in image format thanku Carousel Restaurant in Coquitlam is using perpetual inventory control method. Determine the reorder quantity of chickpeas cans if the par stock is 25 cans, delivery takes 5 days, the daily usage is 2 cans and the desired safety factor is 1.5 a. 10 b. 20 c. 25 d. 15(c) A company which produces washing machines has to store a certain item, and two such items are needed to assemble one washing machine. Annual demand for machines is 1000 units. The following information is available. Ordering cost = Rs.250 per order Inventory holding cost = Rs.125 per unit per year Back-order cost = Rs.150 per unit per year Find the following. i) Economic order quantity ii) Optimum level of shortage
- 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?Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls.Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $1, and carrying costs are 40 cents per roll a year. Lead time is three days.a. What is the EOQ?b. What ROP will provide a lead time service level of 96 percent?You have the following information: - Ordering cost: $300/order- Carrying cost (Carrying cost): $10/year- Daily Demand rate: 20 units/day- Production rate: 70 units/day- Supply lead time: 10 weeks- Safety stock: 120 units- Initial Inventory (Stock on-hand): 1200 units- 52 weeks per year, 365 days per year Taking into account the above, answer the following : 1) Annual ordering cost. 2) Annual cost of holding inventory (annual carrying cost) 3) Total cost (total cost) 4) Should a new order be placed? YES, NO, and why? 5) If YES, in what quantity should the order be placed?
- Babble, Inc., buys 400 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is $12.50. Holding cost is $0.12 per cassette per year. a. How many tapes should Babble, Inc., order at a time? b. What is the time between orders?Thomas Kratzer is tbe purchasing manager for theheadquarters of a la rge insurance company chain with a centralinventory operation. Thomas's fas test-moving inventory itemhas a demand of 6,000 units per year. The cost of each unit is$ 100, and the inventory carrying cost is $10 per unit per year. The average ordering cost is $30 per order. It takes about 5 days for anorder to arrive, and the demand for I week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per yea r?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost ofthe 6,000 units?Demand (D) 85 tablets/week Working weeks per year 52 weeks Unit holding cost per year (H) $6 Order cost (S) $44/order Standard deviation of weekly demand (sd) 15 tablets Lead time (L) 2 weeks Desired cycle service level 95% If the pharmacist uses the continuous review (Q) system to control the inventory of the drug, what would be the order quantity and reorder point?
- A local distributor for a national tire company expects to sell approximately 9,600 steelbelted radial tires of a certain size and tread design next year. Annual carrying cost is $16per tire, and ordering cost is $75. The distributor operates 288 days a year.a. a. What is the EOQ?Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost. Annual requirements (R) = 50,000 units Order cost (S) = $150 per order Holding rate (k) = 15% Unit cost (C) = $100 per unitB). As an inventory manager, you must decide on the order quantity for an item. Its annual demand is 679 units. Ordering costs are $7 each time an order is placed, and the holding cost is 10% of the unit cost. Your supplier provided the following price schedule. Quantity Price per Unit 1 - 100 $5.65 101 - 350 $4.95 351 or more $4.55 What ordering-quantity policy do you recommend?