Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768 i. Ordering point:Ordering point- lead time demand + safety stocklead time demand = lead time x average daily salesj. The profit from this inventory plan:Profit = Total SP - Total CP= 29 x $ 1349 - 29 x $ 1214= $39121 - $35206=$ 3915

Inventory planning can be stated as the approach of evaluating the optimal stocks or quantity and…

Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768

Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

i. Ordering point:
Ordering point- lead time demand + safety stock
lead time demand = lead time x average daily sales
j. The profit from this inventory plan:
Profit = Total SP - Total CP
= 29 x $ 1349 - 29 x $ 1214
= $39121 - $35206
=
$ 3915

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