Inventory and supply chain management concepts (6) When is it appropriate to use an Economic-Order-Quantity (EOQ) to determine an inventory order quantity? Multiple Choice O When product has short lifecycle and it is very expensive to buy. When product is perishable and there is cost of holding inventory. When product has long life cycle and there is fixed cost of ordering. When product's demand is uncertain and there is a known cost of under-stocking.

Inventory and supply chain management concepts (6) When is it appropriate to use an Economic-Order-Quantity (EOQ) to determine an inventory order quantity? Multiple Choice O When product has short lifecycle and it is very expensive to buy. When product is perishable and there is cost of holding inventory. When product has long life cycle and there is fixed cost of ordering. When product's demand is uncertain and there is a known cost of under-stocking.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.
Why do we use "Specifications or bill of material" in the dependent inventory model?
ECUR UMIC ORDER QUANTITY CALCULATIONS (2 QUESTIONS) Company uses 800 units of a product per year on a continuous basis. The product year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the a safety stock of 5 days usage in inventory. has carrying costs of $50 A. Calculate the economic order quantity a. 98 B. Determine the reorder a. 150 days (3 CASH DISCOUNTS point. ONS) (Assume (EOQ). a 360-day year.) per unit per firm requires
Micro-Electronics Warehouse Headset and Webcam Sale Item Type Reg. Price After Savings Price BuddyChat 200 Headset $34.72 $24.40 BuddyChat 300 Headset $41.27 $34.91 BuddyCam HD Webcam $83.54 $61.46 You have decided to purchase the headset with the greatest markdown percent and the BuddyCam HD webcam in order to take advantage of an "Extra $15 Rebate" offer when you purchase both. What is the markdown percent on your total purchase including the rebate?
What is the purpose of inventory control?
Question 1: Which of the following best defines " stockout costs"? options: A) They are physical goods used in operations. B) They are costs associated with retrieving inventory items from a workshop C) They are costs associated with interruptions to assembly lines D) They are associated with inventory being unavailable when needed to meet demand. E) None of the above. Question 2 At many LCBO stores in Ontario, Hennessy Cognac is kept in a clear locked case. Based on this information, according to the ABC Inventory Analysis method, is Hennessy most likely to be classified as an A item, a B item, a C item, or none of these? Question 2 options: A) C item B) None C) A item D) B item Question 3 What purpose does Rent the Runway's high-speed reverse logistics system serve? options: A) It allows the customers to return inventory to the fulfillment centre in record time. B) It allows the company to send inventory out to recipients (customers) in record time. C) It allows customers to return…
Inventory is any idle goods ormaterials held by an organizationfor use sometime in the future.Explain two usages of theimportance of inventory.
Black Instrument Company replenishes highly specialized replacement (service) parts based on statistical reorder point. One part is a 40-mm thumbscrew. Relevant data for the thumbscrew are: Planned stock out frequency= Six per year. Planned lead time = 2 weeks Forecast for next week= 300 Batch size = 400 Standard deviation of demand = 20 (per week) What is the reorder point? What would be the effect on the ROP if lead time were five weeks instead of two? What other factors might impact your decision on when to reorder parts?
3. Tristar workshop in Jeddah uses 1600 Batteries during the course of a year. These batteries are purchased from a supplier in Dubai. The following information is known about the batteries. Annual Demand - 1600 units Holding cost per battery per year = SAR 4 Order cost per order - SAR 50 Working days per year Lead time for order Based on the above data: - 300 = 3 Days What is the Economic Order Quantity (EOQ) for this product? • How many orders should be processed per year? What is the expected time between orders? Determine total annual cost • Calculate the Re Order Point (ROP).
Give 3 examples of inventory risk.
Given this information:Lead-time demand 600 poundsStandard deviation of lead time demand 52 pounds (Assume normality.)Acceptable stockout risk during lead time 4 percenta. What amount of safety stock is appropriate?b. When should this item be reordered?c. What risk of stockout would result from a decision not to have any safety stock?
Please do not give solution in image format thanku Carousel Restaurant in Coquitlam is using perpetual inventory control method. Determine the reorder quantity of chickpeas cans if the par stock is 25 cans, delivery takes 5 days, the daily usage is 2 cans and the desired safety factor is 1.5 a. 10 b. 20 c. 25 d. 15