Consider the following data: Annual Usage in units -- 62,500; Working days per year -- 360; Cost to Carry -- P 5; Cost to Order -- P 2.50; Reorder Point -- 120. 1.What is the average inventory? 2. How much is the total ordering cost? 3. How much is the total cost to order and cost to carry
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Consider the following data: Annual Usage in units -- 62,500; Working days per year -- 360; Cost to Carry -- P 5; Cost to Order -- P 2.50; Reorder Point -- 120.
1.What is the average inventory?
2. How much is the total ordering cost?
3. How much is the total cost to order and cost to carry
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- (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 shortageWeekly Average Demand 110 Standard deviation of (weekly) demand 30 Setup cost ($) 1400 Lead time (in weeks) 2 Procurement cost ($) 200 Holding cost /unit/week ($) 3 You are given the demand and inventory related information about a grocery store’s product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 97%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number.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 microbrewery purchases malt for production. The supplier charges $35 for delivery (no matter how much is delivered) and $1.20 per gallon. Annual holding cost is 35% of the price per gallon. Usage is 250 gallons/week. d) If order quantity is 2500 gallons, what is the sum of the ordering and holding costs PER GALLON? e) If orders are for EOQ amount, what is the annual cost of the inventory system as a percentage of the annual purchase cost?Nelson’s Hardware Store stocks a 19.2 volt cordless drill that is a popular seller. Annual demand is 5,000 units, the ordering cost is $15, and the inventory holding cost is $4/unit/year.a. What is the economic order quantity?b. What is the total annual cost for this inventory item?A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering costs is $10 per order. Annual carrying cost is $75 per bag. Determine the economic order quantity (EOQ) What is the average number of gas on hand?
- Please do not give solution in image format thanku Carousel Restaurant in Coquitlam is using perpetual inventory control method. Determine the reorder quantity of chickpeas cans if the par stock is 25 cans, delivery takes 5 days, the daily usage is 2 cans and the desired safety factor is 1.5 a. 10 b. 20 c. 25 d. 15Thomas Kratzer is tbe purchasing manager for theheadquarters of a la rge insurance company chain with a centralinventory operation. Thomas's fas test-moving inventory itemhas a demand of 6,000 units per year. The cost of each unit is$ 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?1. What are some of the advantages of using sage 50 inventory system 2. Identify the steps to set up inventory item in sage 50 3. Explain the implication of sage 50 as an integrated system Plagiarism =o Write in good English language with examples
- Define Multiperiod Inventory Systems?Explain briefly the elements of inventory management?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?