Weekly demand d = 8 units
Lead time L = 6 weeks
Reorder point = demand during lead time = dL = 8*6 = 48 units
Reorder point = 48 units
2
Standard deviation = 2 units
Z = 1.65
Safety stock SS
SS = 8 units
Answer to both questions. r has been placed is 6 weeks What is the reorder point...
Using the reorder level-order quantity model, and assuming a safety stock of 800, what is the re-order point (R) given a daily demand of 300 units, a lead time of 5 days? 300 800 1500 2300 1100 Which of the following basic types of process structures needs to keep inventory of work-in-process component parts? Assemble to Order Make to Stock O None of the above Make to Order Engineer to Order Suppose a call center has one agent answering the...
what should the reorder point be? how many hp laser printers should be in stock when he reorders? please show work and explanations . thank you respectively. Case Study - Kyle Bits and Bytes Kyle Bits and Bytes, a retailer of computing products sells a variety of computer-related products. One of Kyle's most popular products is an HP laser printer. The average weekly demand is 200 units. Lead time (lead time is defined as the amount of time between when...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every five weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand 14,000 9,000 Holding cost (% of item cost)...
How do you answer this question? Based on book, Global Supply Chain Managment, (Chopra, Meindl 6/E) Open question 3: (6 points) A car dealer that is also offering maintenance service is aiming at minimum 98% of replenishment cycles to end with all the customer demand for a specific part being met. The annual demand for the item is 30,000 units with standard deviation of 3,500 units. The dealer incurs a fixed ordering cost of 1200 EUR every time that places...
Petty House operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system (i.e. Q system). It purchases kitty litter for $ 10 per bag. The following information is available about these bags. Demand = 102 bags/ week Order cost = $ 49/ order Annual holding cost = 25 percent of cogs Desired cycle service level = 80 percent Lead time = 3 weeks Standard deviation of weekly demand = 15 bags Current on-hand inventory...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand 9,000 9,000 Holding cost (% of item cost)...
Use the following information to answer questions 17-20. A large hospital uses a certain intravenous solution that it maintains in inventory. Assume the hospital uses reorder point method to control the inventory of this item. Pertinent data about this item are as follows: ------------------------------------------------------------ Forecast of demanda = 1,000 units per week Forecast errora, std. dev. =100 units per week Lead time = 4 weeks Carrying cost = 25 % per year Purchase price, delivered = $52 per unit Replenishment...
Currently our company’s inventory accuracy has been 90% but customers have been complaining. We usually have 25 stockouts per year. In reviewing our annual demand, it was 250 000 units and ordered quantities being 2500. Daily demand for a product is normally distributed with a mean of 150 units and a mean absolute deviation of 15 units. The firm currently uses a reorder point system and the lead time for this analysis is 6 days. Image result for safety stock...
Please answer both questions thumbs up What are the r and of the velocity vector yValue Units 30° south)
Please answer the following 4 questions based on the same problem: A small shop implemented a continuous review policy in managing its inventory with the given parameters for one item: Annual demand: 15,000 units Holding costs: 40% of purchase price per year. Landed purchase cost: $10 Setup cost: $75 per order Number of working days per calendar year: 250 Lead time: 3 days Required service level: 95% 1. Determine the reorder point, assuming no safety stock. Round your answer to...