Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation.? Thomas's fastest-moving inventory item has a demand of 5,750 units per year. The cost of each unit is $96?, and the inventory carrying cost is $8 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to?arrive, and the demand for 1 week is 115 units.? (This is a corporate? operation, and there are 250 working days per? year).
?a) What is the? EOQ? 204.18 units ?(round your response to two decimal? places).
?b) What is the average inventory if the EOQ is? used? 102.09 units ?(round your response to two decimal? places).
?c) What is the optimal number of orders per? year? 28.16 orders ?(round your response to two decimal? places).
?d) What is the optimal number of days in between any two? orders? 8.88 days ?(round your response to two decimal? places).
?e) What is the annual cost of ordering and holding? inventory? ?$1633 per year ?(round your response to two decimal? places).
?f) What is the total annual inventory? cost, including the cost of the 5,750 ?units? ______ per year ?(round your response to two decimal? places).
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Thomas Kratzer is the purchasing manager for the headquarters of
a large insurance company chain with...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas’s fastest moving inventory item has a demand of 6000 units per year. The cost of each unit is $100.00, and the inventory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order. It takes about 5 days for an order to arrive, and demand for 1 week is 120 units (this is a...
b)what is the average inventory if the EOQ is used?... units (round your response to two...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving inventory item has a demand of 80,000 units per year. The cost of each unit is $200, and the inventory carrying cost is $15 per unit per year. The average ordering cost is $60 per order. It takes about 2 days for an order to arrive. This is a corporate operation, and there are 250 working days per year. (Please show all work including...
Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are...
Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,450 $1.35 $18.00 2 days 250 a) What is the EOQ? 255.60 units (round your response to two decimal places). b)What is the average inventory if the EOQ is used? 127.80...
Joe Henry's machine shop uses 2,490 brackets during the course of a year. These brackets are...
Joe Henry's machine shop uses 2,490 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,490 $1.30 $20.00 2 days 250 a)What is the EO0? 276.79 units (round your response to two decimal places). b)What is the average inventory if the EOQ is used? 138.4 units...
Joe Henry's machine shop uses 2,520 brackets during the course of a year. These brackets are...
Joe Henry's machine shop uses 2,520 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,520 Holding cost per bracket per year $1.25 Order cost per order $18.50 Lead time 22 days Working days per year 250 a) What is the EOQ? ____units (round your response to two decimal places). b) What is the average inventory if the EOQ is used? _____units...
icrosuft Edge 003273738¢erwin-yes BUS300 5 Spring2019 5/9/19 1:41 PM ning: 01.35.10 This Question: 7 pts 1...
icrosuft Edge 003273738¢erwin-yes BUS300 5 Spring2019 5/9/19 1:41 PM ning: 01.35.10 This Question: 7 pts 1 of4 (0 cpete) a possible Thomas Kratzer is the purchasing manager tor the headquarters of a large insurance company chain wth a central inventory operation Thomas's tastest-mowing inventory item has a demand ot 5,850 units per year The cost ot each unit is sgr, and the inventory carry ng cost is $11 per unit per year. The average odering cost is 529 per order....
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Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 28 units per day Average lead time = 43 days Item unit cost = $63 for orders of less than 330 units Item unit cost = $62 for orders of 330 units or more Ordering cost = $38 Inventory carrying cost = 20% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a....
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand =...
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 22 units per day Average lead time = 31 days Item unit cost = $51 for orders of less than 210 units Item unit cost = $47 for orders of 210 units or more Ordering cost = $26 Inventory carrying cost = 20% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a....
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,450 $1.35 $18.00 2 days 250 a) What is the EOQ? 255.60 units (round your response to two decimal places). b)What is the average inventory if the EOQ is used? 127.80...
Joe Henry's machine shop uses 2,490 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,490 $1.30 $20.00 2 days 250 a)What is the EO0? 276.79 units (round your response to two decimal places). b)What is the average inventory if the EOQ is used? 138.4 units...
icrosuft Edge 003273738¢erwin-yes BUS300 5 Spring2019 5/9/19 1:41 PM ning: 01.35.10 This Question: 7 pts 1 of4 (0 cpete) a possible Thomas Kratzer is the purchasing manager tor the headquarters of a large insurance company chain wth a central inventory operation Thomas's tastest-mowing inventory item has a demand ot 5,850 units per year The cost ot each unit is sgr, and the inventory carry ng cost is $11 per unit per year. The average odering cost is 529 per order....
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
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