Question

Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from...

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) 25 % 30 %
Setup or order cost $ 200.00 $ 25.00
Lead time 7 weeks 3 week
Safety stock 40 units 6 units
Item cost $ 10 $ 8

What is the reorder quantity and reorder point for Tegdiws? (Round your answers to the nearest whole number.)

What is the inventory control system for Widgets? (Round your answer to the nearest whole number.)

Hint: answer what order-up-to (OUL) is.

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from...

    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)...

  • * Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws...

    * Week5 2521/activity Saved Help Save & Exit Su 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 Annual defand Holding,...

  • 2) Jill Job Shop (3 points) JAll's Job shop buys two parts (Tegdiws and Widgets) for...

    2) Jill Job Shop (3 points) JAll's Job shop buys two parts (Tegdiws and Widgets) for use in its production system from two different sappliers. The parts ape needed throughout the entire S2-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 i supplier who stops by every three weeks. Data for both prodacts are as follows: tem Tegdw Widget 14110 5,000 Annual demand...

  • HELP! PLEASE Petromax Enterprises uses a continuous review inventory control system for one of its SKUs....

    HELP! PLEASE Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 52 weeks in a year. Demand = 91,000units/year Ordering cost​ = $32.50 ​Holding cost​ = $3.50/unit/year Average lead time​ = 4 Weeks Standard deviation of weekly demand​ = 250 units a. The economic order quantity for this item is ____units. (Enter your response rounded to the nearest whole​ number.) b. If Petromax wants...

  • Problem 14-35 (Algorithmic) Statewide Auto Parts uses a four-week periodic review system to reorder parts for...

    Problem 14-35 (Algorithmic) Statewide Auto Parts uses a four-week periodic review system to reorder parts for its inventory stock. A one-week lead time is required to fill the order. Demand for one particular part during the five-week replenishment period is normally distributed with a mean of 22 units and a standard deviation of 8 units. a. At a particular periodic review, 9 units are in inventory. The parts manager places an order for 17 units. What is the probability that...

  • Crew Soccer Shoes Company is considering a change in its current inventory control system for soccer...

    Crew Soccer Shoes Company is considering a change in its current inventory control system for soccer shoes. The information regarding the shoes is as follows: Average demand = 200 pairs/week Lead time = 4 weeks Order cost = $60/order Unit cost = $16.50 Carrying charge rate = 0.30 Desired service level = 95 percent Standard deviation of weekly demand = 35 Number of weeks per year= 52 The company decides to use a fixed-order-quantity system. What is the economic order...

  • Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item...

    Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual deland Average Keekly demand VALUE $ 7.00 $283.ee 32% of item cost 22,100 442 per week PARAMETER Standard deviation of weekly demand Lead time Service probability VALUE 20 per week 1 week 95% a. Determine the order quantity and reorder point (Use Excel's NORM.S.INV() function to find the z...

  • Problem 11-15 (Algo) Given the following information, formulate an inventory management system. The item is demanded...

    Problem 11-15 (Algo) Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER VALUE PARAMETER VALUE Item cost $ 11.00 Standard deviation of weekly demand 30 per week Order cost $ 277.00 Lead time 1 week Annual holding cost 32 % of item cost Service probability 90 % Annual demand 26,900 Average weekly demand 538 per week a. Determine the order quantity and reorder point. (Use Excel's NORM.S.INV() function to find the...

  • High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers. A...

    High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers. A fixed-order-quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that High Tech stocks, sells, and ships. Average demand 9.5 calculators per week Lead time 5 weeks Order cost $15/order Unit cost $10.00 Carrying charge...

  • Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts...

    Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts (along with many other game parts). They receive the demand orders for their shop for the following week and then set up the plastic molding machine to make the parts. The average demand is 20 units per week, Each time they set up the machine (i.e., order parts), they incur a cost of $9, If they do not have enough parts on hand to...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT