What is the EOQ? enter your response here units (round your response to two decimal places). Part 3 b) What is the average inventory if the EOQ is used? enter your response here units (round your response to two decimal places). What would be the annual inventory holding cost? $enter your response here (round your response to two decimal places). Part 4 c) Given the EOQ, how many orders will be made annually? enter your response here orders (round your response to two decimal places). What would be the annual order cost? $enter your response here (round your response to two decimal places).
What is the EOQ? enter your response here units (round your response to two decimal places). Part 3 b) What is the average inventory if the EOQ is used? enter your response here units (round your response to two decimal places). What would be the annual inventory holding cost? $enter your response here (round your response to two decimal places). Part 4 c) Given the EOQ, how many orders will be made annually? enter your response here orders (round your response to two decimal places). What would be the annual order cost? $enter your response here (round your response to two decimal places).
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...
Related questions
Question
Joe Henry's machine shop uses
2,460
brackets during the course of a year. These brackets are purchased from a supplier
90
miles away. The following information is known about the brackets:
Annual demand
|
2,460
|
Holding cost per bracket per year
|
$1.55
|
Order cost per order
|
$19.50
|
Lead time
|
2 days
|
Working days per year
|
250
|
Part 2
a)
|
What is the EOQ?
enter your response here
units (round your response to two decimal places). |
Part 3
b)
|
What is the average inventory if the EOQ is used?
enter your response here
units (round your response to two decimal places). |
|
What would be the annual inventory holding cost?
$enter your response here
(round your response to two decimal places). |
Part 4
c)
|
Given the EOQ, how many orders will be made annually?
enter your response here
orders (round your response to two decimal places). |
|
What would be the annual order cost?
$enter your response here
(round your response to two decimal places). |
Part 5
d)
|
Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory?
$enter your response here
(round your response to two decimal places). |
Part 6
e)
|
What is the time between orders?
enter your response here
days (round your response to two decimal places). |
Part 7
f)
|
What is the reorder point (ROP)?
enter your response here
units (round your response to two decimal places). |
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