Annual demand 179941 units Carrying costs $3.6 per unit Fixed Costs per order $4 Number of orders 20 What are the total costs?
Annual demand 179941 units Carrying costs $3.6 per unit Fixed Costs per order $4 Number of...
A company decides to establish an EOQ for an item. The annual demand is 400,000 units, each costing $8, ordering costs are $32 per order, and inventory-carrying costs are 20%. Calculate the following: a. The EOQ in units b. Number of orders per year c. Cost of ordering d. Cost of carrying inventory e. Total Cost
A company sells 150,966 units per year. Fixed costs per order are $134 and carrying cost is $26 per unit per year. What is the Economic Order Quantity?
If annual demand is 24,000 units, and the order quantity is 3,000 units, which of the following accurately describes the decision-making environment? a. The annual number of order placements will be 8, and average inventory levels will be 1,500 b. The annual number of order placements will be 8, and average inventory levels will be 3,000 c. The annual number of order placements will be 12, and average inventory levels will be 12,000 d. The annual number of order placements...
GIVEN :Annual Unit Sales = 45,000 units Ordering Cost = $10 per order Carrying Cost/unit = $2.50 per unit Lead Time = 3 week (50 week year) Q1(2pt)What is the ‘ideal’ amount of Inventory? Q2(3pts)WHEN should an order be placed? (How much safety stock ?) Q3(3pts)HOW MUCH is the order size? Q4(3pts)What is the average inventory on hand? Q5(3pts)What are annual ordering costs? Q6(3pts)What are annual carrying costs? Q7(1pt)Give an example of an ordering cost. Q8(1pt)Give an example of a...
Diagnostic Supplies has expected sales of 72,900 units per year, carrying costs of $4 per unit, and an ordering cost of $8 per order. a. What is the economic ordering quantity? Economic ordering quantity units b-1. What is the average inventory? Average inventory units b-2. What is the total carrying cost? Total carrying cost Assume an additional 60 units of inventory will be required as safety stock. c-1. What will the new average inventory be? Average inventory units c-2. What...
Question 9 Assume: Demand 3000 units/year Inventory value $80/unit Order placement cost $400/order Annual carrying costs $0.30 per dollar held/yr or"3096" If you supplier calls with a special IX discount of 5%, how much should you buy? Buy a Quantity of 1,334 Buy a Quantity of 1,565 Buy a Quantity of 859 Buy a Quantity of 1462 Buy a Quantity of 1,608 Answers: We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used...
Question 9 Assume: Demand 3000 units/year Inventory value $80/unit Order placement cost $400/order Annual carrying costs $0.30 per dollar held/yr or"3096" If you supplier calls with a special IX discount of 5%, how much should you buy? Buy a Quantity of 1,334 Buy a Quantity of 1,565 Buy a Quantity of 859 Buy a Quantity of 1462 Buy a Quantity of 1,608 Answers: We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe...
1 - the annual demand for product 15600 units the weekly demand is 280 units with a standard deviation 90 units the cost to place an order is $31.00 and the time from order to receipt is 4 weeks the annual inventory carrying cost is $0.10 per unit A- what is the EOQ quantity? B- from the information above what is the reorder point maintain a 95% service level? 2 - the weekly demand is 200 units the cost to...
Diagnostic Supplies has expected sales of 176,400 units per year, carrying costs of $2 per unit, and an ordering cost of $4 per order. a. What is the economic ordering quantity? b-1. What is the average inventory? b-2. What is the total carrying cost? Assume an additional 70 units of inventory will be required as safety stock. c-1. What will the new average inventory be? c-2. What will the new total carrying cost be?