) The TCC Art Gallery prints a brochure for visitors to the senior art showcase it sponsors at the college. There are about 16000 visitors per year to this event (held year round). Holding costs for the brochures are 25% and it costs $40 to place an order with the printer. The printer has offered the following discount schedule: Category Order Size Unit Cost 1 0 - 1499 $2.60 2 1500 - 2999 $2.30 3 3000 and over $1.90 Answer the following questions in a text box in the worksheet. A) How many orders should be made? B) How many brochures should be printed at a time? C) Please copy these two numbers and include them on the executive summary (the first worksheet).

1. Michael Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity for controlling inventory. He wants you to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 30 units/period with an ordering cost of $30/order. The cost of carrying a Super-Z Wedge in inventory is $2.00/unit/ period. No safety stock is carried for this item. a. Calculate the economic order quantity. b. Calculate the average cycle stock for this item using the order quantity in question a. c. Assuming there are 12 periods per year, calculate total cost per year.

Use ABC analysis to determine the items deserving mostattention and tightest inventory control

Need in Detail (No AI)

XYZ Pharmaceuticals sells COVID testing kits.  Calculate the Economic Order Quantity, or EOQ, if annual demand is 20,000 testing kits, inventory storage costs average 20 percent, the unit price per kit is $50, and ordering costs are $25.

If annual sales in are 65,000 units, price per unit is $25, carrying costs are 30%, and fixed costs per order is $100, then EOQ is 1,316.56. True or False?

Peter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand for a special type of tubing was 186 packages of this tubing with a standard deviation of 13 packages of tubing. The lead time for receiving this tubing from the supplier is 1.5 weeks. Peter would like to maintain a 95% service level and places an order for 750 packages every time an order is placed. d) If the weekly demand is 186 and there is a 1.5 week lead time - what is the reorder point (99%      service level)? e) If the carrying cost per year is $0.50/unit/year - what is the additional cost associate with the      99% service level compared to 95% service level (i.e. cost of safety stock at 99% level - cost of      safety stock at 95% service level)?

Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs consist of P10 for placing a long-distance call to make the order and P40 for delivering the order by truck to the company warehouse. Each Chip costs P100 and the carrying costs are estimated at 15.625% of the inventory cost. If the EOQ for Chip is 80 and the total ordering cost is P625. Compute for the Total Carrying Costs.

Paulin’s muffler shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. Use the information table to determine the optimal inventory target level (or order-up to level).  Annual demand    3,910 mufflers    ordering cost             $75 per order  S/D of daily demand     6 mufflers/wk. day   service probability          87%  Item cost        $ 27.00 per muffler             lead time                      2 wk. Days  Annual holding cost       36 % of item value  wk. Days              230 per year Review period        18 working days       What is the optimal target levels (order up to levels) use excels NORMSINVI() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round value 2 decimal places and final answer to the nearest whole number If the service probability is 90%, the optimal target level will increase, decrease or…

Abey​ Kuruvilla, of Parkside​ Plumbing, uses 1,250 of a certain spare part that costs ​$26 for each​ order, with an annual holding cost of $27. ​a) Calculate the total cost for order sizes of​ 25, 40,​ 50, 60, and 100 ​(round your responses to two decimal​ places). b) What is the economic order​ quantity? units ​(round your response to two decimal​ places).