Illustrate what is time between orders

Assignment Help Operation Management
Reference no: EM1376574

Q. Joe Henry's machine shop uses 2,500 brackets during course of a year. these brackets are purchased from a supplier 90 miles away. Subsequent information is known about brackets.

Annual demand 2,500
holding cost per bracket per year $1.50
order cost per order $18.75
Lead time 2 days
working days per year 250

a. Given above information, illustrate what would be economic order quantity (EOQ)?

b. Given EOQ, illustrate what would be average inventory? Illustrate what would be annual inventory hold cost?

c. Given EOQ, elucidate how many orders would be made each year? Illustrate what would be annual order cost?

d. Given EOQ, illustrate what is total annual inventory cost?

e. Illustrate what is time between orders?

f. Illustrate what is reorder point (ROP)?

 

Reference no: EM1376574

What part of the interview provides an opportunity

What part of the interview provides an opportunity for the interviewer and the interviewee to increase their knowledge of each other, clarify the purpose of the interview, a

Value in designing effective promotions

You are a marketing manager for a company that makes ready-to-eat break feast cereal. You are interested in the size of individual purchases as was as the frequency of repurch

Discusses the company off-label marketing strategy

In Scene 2, a new sales rep discusses the company’s off-label marketing strategy with a veteran sales rep. Is it unethical or illegal for a sales rep to represent that he is a

Analyze a leader and a manager

Analyze a leader vs. a manager. Utilizing an organization you know well, does your organization have a majority of leaders or managers? Does this matter for organizational suc

Business-related email about the new project assignment

A co-worker sends you a business-related email about the new project assignment. The email has numerous grammar and spelling errors. His language is confusing and you are not

Describe the operations process flow of your work place

Describe the operations process flow of your work place. (you may use any work place/employment) Mention if this is a manufacturing or service business; Mention the position

Diversity is one of most difficult initiatives to implement

According to the textbook authors, “diversity is one of the most difficult initiatives to implement in organizations because there are such diverse views on what diversity is

Assignment on discussion-managing capacity

Capacity management in businesses is a function of their operations and environment. In today's business world, evaluating and managing capacities is becoming significantly

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd