Melur based uses and sells 15,000 units of a products per year with the price of RM60,000. Carrying costs are RM12 per unit per annum and the cost of placing order is RM30. The purchase price per unit is RM4. The lead time is 5 days and therefore Melur Berhad keeps 100 units in inventory as safety stock. Based on the information above compute: i) Economic order quantity of Melur Berhad ii) Number of orders per year
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Melur based uses and sells 15,000 units of a products per year with the price of RM60,000. Carrying costs are RM12 per unit per annum and the cost of placing order is RM30. The purchase price per unit is RM4. The lead time is 5 days and therefore Melur Berhad keeps 100 units in inventory as safety stock. Based on the information above compute:
i) Economic order quantity of Melur Berhad
ii) Number of orders per year
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- 3. Tristar workshop in Jeddah uses 1600 Batteries during the course of a year. These batteries are purchased from a supplier in Dubai. The following information is known about the batteries. Annual Demand - 1600 units Holding cost per battery per year = SAR 4 Order cost per order - SAR 50 Working days per year Lead time for order Based on the above data: - 300 = 3 Days What is the Economic Order Quantity (EOQ) for this product? • How many orders should be processed per year? What is the expected time between orders? Determine total annual cost • Calculate the Re Order Point (ROP).Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Please include/fill the table and solve for EOQ. Thank you so much!Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Thank you so much!
- Suzuki is a company that manufactures motorcycles. It produces 450 motorcycles a month. It buys tyres for motorcycles from Dunlop at a cost of $20 per tyre. The company’s inventory carrying cost per tyre is estimated to be 15% of the cost per tyre. The cost per order is calculated at 250% of the cost per tyre. Rquirement: i) Calculate the EOQ. ii) Determine the number of orders per year? iii) Compute the total cost.Please solve all questions in 30min please Alimin Sdn. Bhd’s plant experiences a daily demand of 100 units of component B that is purchased from a supplier at RM25 per unit. The plants operate 360 days per year. The plant has been using continues review policy for replenishment of the component, with an order size of 400 units. The cost of placing including delivery is RM20 and the annual holding cost per unit is RM4. In order to minimize total annual inventory cost, the company is now considering to use economic order quantity (EOQ) model. Required: a. Calculate total annual inventory cost of component B by using the current policy. b. Calculate the order size by using EOQ formula. c. Calculate total annual inventory cost that the company can save if it uses EOQ. d. Assuming the lead time is 3 days, compute re-order point of component B. Note: Total annual inventory cost = Ordering costs + Holding Costs1. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the EOQ.
- Walrus Company has the following information available concerning one of its inventory items: Cost of placing an order $30.00 Unit carrying cost per year $3.00 Annual unit demand 6,625 Safety stock 125 Average daily demand 25 Normal lead time in days 10 If there is a delay in shipping the item, approximately how many days can be covered by the safety stock? a.5 days b.110 days c.26 days d.31 daysFor fixed order quantity inventory system, which of the following costs is increased when order size (Q) is increased? a) Setup cost b) Ordering cost c) Start-up quality cost d) Insurance cost e) Receiving inspection costCalculate EOQ from the following? Consumption during the year = 600 units Ordering cost Rs. 12 per order. Carrying cost 20% Selling Price per unit Rs. 20
- 1. Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is 28 days (4 weeks), lead time is 14 days (2 weeks) and the target service probability is 90%. What is the appropriate level of safety stock? 2. Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is 28 days (4 weeks), lead time is 14 days (2 weeks) and the target service probability is 90%. Currently, inventory on hand is 50 units. How many units should be ordered? 3. Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is 28 days (4 weeks), lead time is 14 days (2 weeks) and the target service probability is 90%. Currently, inventory on hand is 500 units. How many units should be ordered? 4. A product has an average daily demand of 400 units with standard…Calculate total annual cost for the alternative suppliers for aproduct with following characteristics: montly demand; mean: 5000, standard deviation 2000 Holding cost: 30% Cycle service level: 98% Using EOQ formula, find the lot size. Don’t forget to add ordering cost to the total cost! Supplier 1 Supplier 2 Supplier 3 Ordering Cost(per order ) 1000 2000 5000 Cost 10 9 8 Average Lead Time ( month ) 0.5 2 2 Lead time std deviation ( month ) 0.5 1 2A. Ltd buys 400 units of an item at a purchase cost Sh.5000 per unit and ordering cost of Sh.2,000 per order placed. The carrying cost is estimated at 24% of cost of an item p.a. The Co. has received a 2% discount offer for purchases of 100 or more units. Required: a) Determine the best inventory policy for this item. b) Determine the discount level at which the firm will be indifferent between taking and not taking the discount offer.