Determine material rotations.
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- 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 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.Q4// A company producing compressors, decided to make a particular item in batches. The following information is available: • Receiving and inspecting = 10$ per order Verifying and payment of bill = 10$ per order • Other ordering and set up cost = 25$ per order • Consumption rate of item = 65 item per month %3D • Insurance = 3 $ per item in year • Storage and handling cost = 2$ per item in year • Taxes = 3 $ per item in year • Other inventory carrying cost = 4$ per item in year • Item cost = 5$ per item Calculate the Economic Batch Quantity, the number of lots, the total cost of one year requirement and what is the cycle time of order.Case Study 4: Inventory Management. I) A Furniture manufacturing company uses 1200 units of an item annually and the cost price is $250 per unit. The ordering costs are $600 per order and holding costs are $4.00 per item per annum. Required: Calculate the economic order quantity. Determine the number of orders per annum. Determine the annual stock holding cost. Determine the annual ordering cost.
- |Product D is stocked only at the AMC Chemical Company's Dallas warehouse and at the company's plant warehouse in Akron. The sales director has forecast product sales from the Dallas warehouse to be 40 units per week for the next 8 weeks. Product D is manufactured at the firm's Akron plant using 2 units of ingredient X per unit of product D. Information: Ingredient X Projected available balance: 4 Units Schedule receipt in week 1: 320 units Safety stock quantity: 2 Product D in Dallas Product D in Plant Warehouse Warehouse Projected available balance: 85 Units Safety stock quantity: 5 units Lead time: 2 weeks Lot for lot size quantity Projected available balance: 2 Units Schedule receipt in week 1: 46 units Safety stock quantity: 8 units units Lead time: 1 week Lead time: 4 weeks Lot for lot size quantity Lot size quantity: 320 units Prepare the DRP records for product D at the Dallas warehouse and the plant warehouse as well as the MRP record for ingredient X (Assume ingredient X is…Explain periodic order quantity (POQ)?Subject: Logistic management Q): Calculate EOQ where as Annual demand is 2543570 units Ordering cost per order is 78, Inventory carrying cost per unit is 167
- Subject: Logistic management Q): What are the concern of inventory control & overall objective of inventory management? Q): What are the system of inventory counting?5. The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds required annually 144.000 Cost of placing an order P180 Annual carrying cost per pound of materials P36 What is the E00?A Figure 16.19 B (1) C(2) LT = 1 LT = 2 TABLE 16.1 D (1) INVENTORY RECORD DATA ITEM LT = 3 DATA CATEGORY Lat sizing rule Lead time Scheduled rece pts FOQ = S00 units 3 weeks POQ (P=3) L4L 1 week 2 weeks Nane 200 (week 1) None Beginning (on hand) inventory 20 425 POQ tum: 8 Lat sie: POQP - 3) Description. Lead time: 1wek Week 10 Gross 100 200 120 180 60 requirements Scheduled Projected on hand inventory Hanned receipti Hanned order reteases L4L tam: C Lat sue: LAL Description Lead time 2 weks Week 10 Gross 200 400 240 120 requirements Scheduled cepts Projected on hand imventory Hanned recets Manned ordur releases
- How would these factors affect an EOQ analysis?(1) The use of just-in-time procedures.Complete the master production schedule (enter your responses as whole numbers). On-hand inventory at end of week 1: 190 Week Forecasted demand Booked orders Projected ending inventory Master production schedule Available to promise 2 280 125 680 770 3 400 170 280 4 290 265 640 650 5 250 150 390 6 260 265 965 840 7 250 240 715 8 290 125 1295 870 555 9 310 190 985ABC analysis on the following set of products Item Annual Demand Unit CostA 211 800 R9B 390 100 R90C 003 450 R6D 100 400 R100E 707 85 R2,000F 660 250 R320G 473 500 R75H 921 100 R75 Soft goods department sells 175 units per month of a certain large bath towel. The unit cost of a towel to the manufacturer is R2.50 and the cost of placing an order has been estimated to be R12.00. There is an inventory carrying charge of 27% of the unit cost per year. What is the optimal order quantity, the order frequency, and the annual holding and setup cost. If the ordering cost can be cut to R4.00, what will be the new economicorder quantity, the order frequency, and annual holding and setup costs.