Walrus Company has the following information available concerning one of its inventory items: Cost of placing an order $30.00 Unit carrying cost per year $3.00 Annual unit demand 6,625 Safety stock 125 Average daily demand 25 Normal lead time in days 10 If there is a delay in shipping the item, approximately how many days can be covered by the safety stock? a.5 days b.110 days c.26 days d.31 days

Q: or a specific farm implement ‘FI’ is to be ordered by a food processing company, following data is…

A: FI: Fixed Costs Associated with Units Ordered Using the formula :                       EOQ =…

Q: Explain the graph in Frame “A & B" in the context of inventory management. Frame A: Expected demand…

A: Introduction:                 Generally efficient inventory management will help to reduce the…

Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…

A: The EOQ model of inventory management is used to minimize the annual inventory cost.

Q: Bulldogs Inc. expects to use 48,000 boxes of chocolate per year costing P12 per box. Inventory…

A: Carrying cost is the cost incurred during the storage and management of the inventory stock in the…

Q: Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The…

A: The optimal quantity a corporation should purchase to minimize inventory expenditures, such as…

Q: RonaMart needs 1,000 coffee makers per year. The cost of each coffee maker is $78. Ordering cost is…

A: Economic order quantity model is the optimum number of quantity to be ordered in each batch by which…

Q: t’s your responsibility, as the new head of the automotive section of Nichols Department Store, to…

A: EOQ = sqrt (2DS/H) Annual Holding cost = EOQ/2 x H Annual ordering cost =  D/EOQ x S Reorder…

Q: Annual demand= 360 units Holding cost per year = 1 $ per unit Ordering cost = $ 100 per order…

A: Annual demand= D = 360 units Holding cost per year = H = 1 $ per unit per year Ordering cost = O = $…

Q: The demand for an item is 1,000 units per year. Each order placed costs $10; the annual cost to…

A: Annual demand=1,000 units Order cost per order=$10 Annual inventory cost per unit=$2

Q: cost is greater than cost when order quantity is less than EO O a. None of these O b. purchase;…

A: EOQ can be defined as the order quantity which is at an optimal level and which helps in minimizing…

Q: Which type of inventory system would you use in the following situations?a. Supplying your kitchen…

A: Both periodic model inventory and order quantity can be used while supplying fresh food to the…

Q: A components manufacturer uses approximately 20,000 units annually of an item. They are used at a…

A: The concept used here is Economic order quantity model.

Q: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM…

A: The ABC analysis is the technique of inventory management that is used to identify the value of…

Q: Discuss some of the issues that a small pizza restaurant might face in inventory management. Would a…

A:

Q: Peach Company uses 800 units of a product per year on a continuous basis. The product has a Fixed…

A: Given data  Annual demand = 800 units  Fixed cost (S) = $50  Carrying or holding cost (H) = $2 Lead…

Q: Edwarldo’s Manufacturing uses 2,400 units of a product per year on a continuous basis. The product…

A: given, manufacturing = 2400 units carrying cost = $60 per year ordering cost = $250 safety stock = 8…

Q: The XYZ Company purchases a component used in the production of automobile generators from an…

A: Annual demand (D)= 4,000×12=48000 Units  Ordering costs(S) = $20 per order The unit cost (h)= $1.25…

Q: The Tiernan Gallery and Art Museum distributes to its visitors a printed guide to its collections.…

A: The Tiernan Gallery and Art Museum distribute to its visitors a printed guide to its collection:…

Q: The Pushton Rubbish Company stocks, among many other products, a certain container, each of which…

A: Given data,   D Annual Demand 15000 H Holding Cost 4 S Ordering cost 5

Q: a car rental agency uses 96 boxes of staples a year. the boxes cost $4 each. it costs $10 to order…

A: Given data,   D Annual Demand 96 H Holding Cost 0.8 S Ordering cost 10

Q: Manufacturing company uses five 500-sheet boxes of copy paper a week. Experience suggests that usage…

A: The company has five 500-5heets boxes of copy paper. The usage of copy paper in the company follows…

Q: A supplier sells MF Tires to dealers. The annual demand is approximately 1,000 tires. The supplier…

A: Hi, We are supposed to answer three subparts at a time. Since you have not mentioned which question…

Q: Item X is a standard item stocked in a company's inventory of component parts. Each year the firm,…

A: Annual demand (D) = 2400 itemsitem cost = $25Storage cost (H) = $4 per unitOrdering cost (S) =…

Q: Bulldogs Inc. expects to use 96,000 litters of paint annually costing P12 per litter.  Inventory…

A: Economic order quantity is the optimal quantity that the businesses purchases to minimize their…

Q: A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests thatusage…

A: EOQ = [2 x annual demand x ordering cost / holding cost of per unit per year ]1/2 = [ 2…

Q: The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes peryear (365…

A: Re-order is a point where the company has to place orders for required input resources such as raw…

Q: Combate uses 100,000 units of Material X Annually I its production. Ordering cost consists of P1,000…

A: EOQ:- Formula = √(2DS/H) Given:- Demand(D) = 100,000, Ordering cost(S) = P1,000+P4,000 = P5,000,…

Q: The annual demand for pollock (a type of fish) at Ant Kitchens is 1000 pounds.  The per pound cost…

A: Given information, Annual Demand = 1000 pound  Carrying Cost = $4  Handling Cost = $200  Cost of…

Q: Skousen buys tennis balls at P 25 per dozen from its wholesaler. Skousen will sell 35,000 dozens of…

A: Annual sales (D) = 35,000 dozens Inventory holding cost (H)= P0.50 Ordering cost (S) = P 8 Operating…

Q: is not among one of the assumptions of the basic Economic Order Quantity (EOQ) model O a. Annual…

A: The correct answer is

Q: Scotch Pub bar sells Speylachie high-end whiskey among other beverages. The demand for Speylachie is…

A: Annual Demand = D = 2,500 liters No. of weeks per year = 50 weeks Weekly Demand = d = D / No. of…

Q: Demand/ days = 40 units Days per year considered in average daily work Cost to place an order = $10…

A: Given data is Daily average demand = 40 units So, annual demand(D) that is for 261 days, in general,…

Q: Joe Henry's machine shop uses 2,520 brackets during the course of a year. These brackets are…

A: Annual Ordering Cost = (Annual Demand / EOQ)* Order cost                                       =…

Q: Your company has the following items in inventory: Annual Demand 1200 100 4500 400 35 250 1000 100…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Thomas’ Bike Shop stocks a high volume item that has a normally distributed demand during the…

A: Given information: Average daily demand                       = 70 units Lead time…

Q: Petromax Enterprises uses a continuous review inventorycontrol system for one of its SKUs. The…

A: Inventory is the stock of goods that an organization maintains to keep the sales going. It is the…

Q: Roybow Corporation sells lawn mowers that cost $160 each to purchase and prepare for sale. Annual…

A: Economic order quantity refers to the quantity ordered at which the holding cost and ordering cost…

Q: Crunchy sources from hundreds of suppliers. Currently, Crunchy uses full TL (Truckload)…

A: Given data is, Number of suppliers = 100 Number of orders = 10,000 Shipping cost = $500 per truck…

Q: In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a…

A: The ABC Method isolates providers and their stock into classes dependent on cost per unit and amount…

Q: The Metropolitan Book Company purchases paper from the Atlantic Paper Company. Metropolitanproduces…

A: Q=2×C0×DCc=2×1,200×1,215,0000.08=2,916,000,0000.08=190,919 pounds

Q: ow much would the minimum total annual inventory-related costs that JJ would incur if it applies the…

A: EOQ stands for Economic order quantity, and at EOQ level the cost of inventory remains lowest,…

Q: Annual demand (D) is 49,000 units. Ordering Cost (S) is $1,000 per order. Holding cost (H) is $2 per…

A:

Q: In the basic EOQ model, if annual demand is 125, holding cost is $2.63 (per unit per year), and…

A: Given data is  Annual demand = 125 Holding cost = $2.63 per unit per year Total inventory cost =…

Q: Item X is a standard item stocked in a company's inventory of component parts. Each year the firm,…

A: Order size is the optimal order quantity that the company need to purchase so that their annual…

Q: 5. Why can it be bad business practice to not maintain adequate inventory? A. Results in high…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: An engineer has decided to pursue ordering option for a particular item on an as needed basis as…

A: Given data, Inventory inspection costs = $500/year Order cost = $125 Delivery cost = $85/order Cost…

Q: Combate uses 100,000 units of Material X Annually I its production. Ordering cost consists of P1,000…

A: EOQ:- Formula = √(2DS/H)   Demand (D) = 100,000, Ordering cost (S) = P1,000+P4,000 = P5,000,…

Q: Leaky Pipe, a local retailer of plumbing supplies, faces de-mand for one of its SKUs at a constant…

A: Annual Demand = D = 30,000 units Ordering Cost = O = $10 per order Holding Cost = $1 per unit per…