Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION: Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.
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Use the information given below to calculate the most economic quantity to order each time for
2023 (expressed to next whole number).
INFORMATION:
Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of
soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost
of one case of soap is 5% of the unit purchase price.
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- We have demand for a product with 1500 units/ month. The vendor offers. quantity discounted method for purchasing as the table below: Order Quantity condition Price (USD) 1+299 10 >300 7 Ordering lead-time is 3 days. Ordering cost 10 $/ order, salary for ordering staff is 3S/ order. Monthly Warehouse renting free is 5%, and interest rate is 7%. Salary for warehousing staff is 300$/month. Please suggest the best ordering policy. IPlease help with the numbers given below! Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered From To Price per Roll 1 80 $215 81 160 $195 161 320 $175 321 and up $155 Click on the datafile logo to reference the data. (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. $ (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 1 80 $215 81 160 $195 161 320 $175 321 and up $155 172Pls solve this question correctly in 5 min i will give u like for sure Question # 1 Teresa Cohan is attempting to perform an inventory analysis on one of her most popular products. Annual demand for this product is 5,000 units; unit cost $200; carrying cost is considered to be approximately 10% of the unit price. Order costs for her company typically run nearly $30 per order and lead time averages 10 days. Discounted unit cost of Rs. $150 (carrying cost remain the same) for more than 300 units is also being offered. (Assume a 50-week year. a)What is economic order quantity? b)What is the reorder point? c)What is the total carrying + ordering cost? d)What is optimal number of orders per year? e)Would you recommend availing the discount?
- You are running the supply chain for a grocery store operating across Upstate Souun Carolina. You operate a central warehouse and have multiple stores. For each of the following situations determine if it would be best to operate inventory for the product that is pooled at your central warehouse or determined individually by each retail store. Provide at least 1 sentence discussing your choice. (a) The demand for boxes of Nutty Bars at each store during a week is i.i.d. with mean u = 1000 and standard deviation o = Nutty Bars are high compared to holding costs for Nutty Bars. 10. Transshipment costs between the stores for (b) The demand for Fudge Rounds at each store during a week is i.i.d. with mean u = 200 75. Transhipment costs between the stores for Fudge and standard deviation o Rounds are relatively small compared to holding costs.We have demand for a product with 1500 units/month. The vendor offers quantity discounted method for purchasing as the table below: Order Quantity condition 1 - 299 price( USD) 10 >= 300 price 7 Ordering lead-time is 3 days. Ordering cost 10 $/ order, salary for ordering staff is 3$/ order. Monthly Warcehouse renting free is 5%, and interest rate is 7%. Salary for warehousing staff is 300$/ month. Please suggest the best ordering policy.10 Use the information presented in the graph to answer the following questions: Annual Cost C3 C2 Q1 You are also given the following information: Q1 =450 .Q2 = 700 C1 = 350 C2 = 750 1300 Q2 Order Quantity Which annual inventory cost component does the blue line represent? Total cost Which annual inventory cost component does the green line represent? Holding cost What is the Economic Order Quantity (EQ9) based on th Which annual inventory cost component does the red line represent? Ordering cost 220
- A pizzeria in downtown Changloon is trying to determine the best order quantity for its pizza ingredients. The pizzeria believes it will sell 14,400 pizzas at an average price of RM8 per year. The store buys the ingredients for one pizza at a rate of RM1.50, and the storage cost for each pizza is RM0.80. The cost of ordering more ingredients is RM13. i. Determine the economic order quantity. ii. What would be the total costs for ordering the ingredients one, and five times a year?3) The Omnigroup stocks and sells Kipor generators. The firm gathered the following information from its Kathmandu office: Demand = D = 19,500 units per year Ordering cost = S = $25.60 per order Holding cost = H = $4.40 per unit per year The firm wants to calculate the: a) EOQ for the Kipor generators. b) Annual holding costs for the Kipor generators. c) Annual ordering costs for the Kipor generators. Hint: EOQ = square root of (2DS/H) Annual Holding Cost = (Q/2) H Annual Ordering Cost = (D/Q) SI need answers A company uses on an average 216 parts a day with a standard deviation of 16 parts per day in a manufacturing process. Cost of placing and receiving an ordering is BDT 40,000. Estimated monthly carrying cost is BDT 90 per part. Orders are delivered approximately 7 days after being placed. The delivery time is normal with a mean of 7 days and a standard deviation of 2 days. The company is open 360 days per year. Find the order quantity that is economical. If the Company takes 3% stock out risk, then find safety stock (SS) quantity and Re-Order Point? 3.If the supplier offers a discount of BDT 8 per circuit board for purchasing of 4000 boards at a time, then financially evaluate and justify whether the company will go with the offer or not? 4.The person who orders the boards follows this rule: Order when the amount on…
- ***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 daysSuppose that we would like to determine Reorder Point for the product. From the historical data the manager determined demand during lead-time for that product fits Normal distribution with a mean of 200 and standard deviation of 10 products. The maximum stock out risk is 10%. Answer the following questions according to the (Q, R) system. a) Find the safety stock if the lead time is 2 weeks. b) Find the reorder point. c) Find the reorder point if the stock out risk decreases to 1%. Comment on the result.I am planning a Holiday Ornament to commemorate the christmas spirit. Forcasted demand for ornaments is normally distributed with a mean of 40,000 with a standard deviation of 15,000 units. The cost per ornament is $3 and are sold to people around the world for $10 each. All unsold ornaments are donated after the holidays without any text deductions for me. How many ornaments should I tell my supplier to produce? What's my expected profit? If the manufacturer were to discount the price to me to $2.75 if I ordered at least 80,000 units should I do it? Justify the answer with profit estimates. please use excel