Please help ASAP |
If Premium Company has a safety stock of
510
units and the average daily demand is
66
units, how many days can be covered if the shipment from the supplier is delayed by
7
days?
a. 7 days
b. 8 days
c. 15 days
b. 1 day
Days covered = Safety stock/Average daily demand
= 510/66
Days covered = 8 days
So answer is b) 8 Days
Please help ASAP If Premium Company has a safety stock of 510 units and the average...
EOQ, reorder point, and safety stock Alexis Company uses 805 units of a product per year on a continuous basis. The product has a fixed cost of $50 per order, and its carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ. b. Determine the average level of inventory. (Note:...
EOQ, reorder point, and safety stock Alexis Company uses 631 units of a product per year on a continuous basis. The product has a fixed cost of $41 per order, and its carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ. b. Determine the average level of inventory. (Note:...
Lead time for computers is 5 days with daily demand of 25 and safety stock of 5 computers. If management wants to use 11 kanbans how many computers should each one hold? lead time 5 days daily demand 25 units per day safety stock 5 units number of kanbans 11 Excel Access
EOQ, reorder point, and safety stock Alexis Company uses 907 units of a product per year on a continuous basis. The product has a fixed cost of $57 per order, and its carrying cost is $5 per unit per year It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ. b. Determine the average level of inventory. (Note:...
A customer has an average daily demand of 40 parts. Your company creates Kanbans with a 15% safety factor. The replenishment time once a signal has been received is 8 hours and you have 8 hours available per day. There are four kanban containers in process. Calculate the number of units per kanban container A) 12 B) 10 C) 11 D) 13
An item is being managed using a fixed time period model with safety stock. Assume weekly demand = 75, the review cycle = 3 weeks, safety stock = 32 units, and the company operates 50 weeks per year. Inventory turns for the item = 0 21 0 26 O 32 O 35 Daily demand for a product is 22 units with a standard deviation of 6 units. The review period is 35 days and the leadtime is 14 days. Management...
Suppose that your company uses a continuous review system, and you have an average monthly demand of 12,000 units with a monthly standard deviation of 400 units. The time it takes for your supplier to deliver to your plant is 5 days (assume 30 days per month). If your company has a CSL level of 50%. How much safety stock should be held? Now suppose that the company is considering switching to a periodic review system, and they plan to...
Average daily sales of a product are 10 units. The actual number of units each day is 9, 10, or 11 with frequencies of 75, 90 and 85 respectively during the last 250 days. The lead time for delivery of this product averages 4 days, although the time may be 3, 4, or 5 days with frequencies of 25, 60 and 20 respectively as observed in 105 recent orders. The company plans to place an order when the inventory level...
Alexis Company uses 881 units of a product per year on a continuous basis. The product has a fixed cost of $45 per order, and carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ in units b. Determine the average level of inventory. (Note: Use a 365-day year to...
PLEASE DO BY HAND! DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up the manufacturing process, and the carrying cost is about 70 cents per unit per year. When the production process has been set up, 120 lawnmowers units can be made daily. The demand during the production period is approximately 60 units per day. The company operates its...