Develop an inventory ordering policy

Assignment Help Operation Management

Reference no: EM131124957

Dunstreets Department store would like to develop an inventory ordering policy of 95% probability of not stocking. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets

Demand for white percale sheets is 5,000 per uear. The store is open 365 days per year. Every 2 weeks (14 days) inventory is counted and a new order is placed. It takes 10 days for the sheet to be delivered. Standard deviation of demand for the sheets is 5 per day. There is currently 150 sheets on hand.

How many sheets should you order.

Reference no: EM131124957

Questions Cloud

How project management team filter irrelevant information : Thoroughly compose the tasks that would be needed to complete a Gantt chart (project schedule) for outsourcing the company's payroll system. Compare the advantages and disadvantages of using a Gantt chart versus using the Performance evaluation an..

Present for self-managed work teams to be effective : Which of the conditions must be present for self-managed work teams to be effective?

What is true for the net present value of the project : Your organization is considering to run a project which will entail an investment of $1,000,000. The product from the project is forecasted to create revenues of $250,000 in the first year after the end of the project and of $420,000 in each of the t..

What is meant by the 5'' and 3'' ends of nucleic acids : explain the parts of nucleotides that join to form nucleic acids- describe what is meant by the 5' and 3' ends of nucleic acids

Develop an inventory ordering policy : Dunstreets Department store would like to develop an inventory ordering policy of 95% probability of not stocking. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets

What are services rendered by distributor to manufactures : What are the services rendered by the distributor to manufacturers and hospitals? Evaluate the impact cost-plus pricing has on distributors, customers, and suppliers. What effect will ABP have on customer behavior? What are the obstacles to successfu..

Microsoft corporation reports its investments : As required by GAAP [FASB ASC 320, previously SFAS No. 115], Microsoft Corporation reports its investments available-for-sale at the fair value of the investment securities. The net unrealized holding gain is not reported in the income statement.

Explain the four leadership ethical behaviors : Explain the guidelines in evaluating the ethics of a decision. Use a personal example of an ethical decision that you can relate to the question. Explain the four leadership ethical behaviors. Give an example of each from your personal experience.

What is your advice to return to the equilibrium situation : What is your advice to return to the equilibrium situation?

User Account

All Pages