What inventory reorder point

Assignment Help Business Management
Reference no: EM131259754

Annual demand for a firm's product is 8,655 and the company has 284 working days per year. An order quantity of 714 is used. The constant lead time for the product from the supplier is 6 working days. What inventory reorder point (ROP) should the company establish? (round to the nearest integer)

Reference no: EM131259754

Questions Cloud

Identify a company in any industry that interests you : Identify a company in any industry that interests you. Imagine you are doing strategic planning for this firm, and identify one of your company's key competitors.
Implement a restriction on employees discussing : As an HR Manager, what do you think the best way to communicate a pay policy is? Would you implement a restriction on employees discussing pay with one another? Justify your answers and discuss with peers.
Calculate the minimum value of the filter inductance : ECE-534 ASSIGNMENT. A Forward converter operating in a Continuous-Conduction Mode with a demagnetizing winding (N3=N1) is chosen. Assume all components to be ideal except for the presence of transformer demagnetization inductance. Calculate the min..
What would be the economic order quantity : What would be the economic order quantity (EOQ)? - What is the time between orders? -  What is the reorder point (ROP)?
What inventory reorder point : Annual demand for a firm's product is 8,655 and the company has 284 working days per year. An order quantity of 714 is used. The constant lead time for the product from the supplier is 6 working days. What inventory reorder point (ROP) should t..
Uses the periodic inventory costing system : Rita. uses the periodic inventory costing system. The Rita ending merchandise inventory official count at December 31, 2017 totaled $120,000. However, the balance in the merchandise inventory general ledger account at December 31, 2017 was $125,000. ..
Identify the economic order quantity : Calculate the total cost for order sizes of 25, 40, 50, 60, and 100. -  Identify the economic order quantity and consider the implications for making an error in calculating economic order quantity.
Company has beginning work-in-process inventory : The following are transactions for Montego Manufacturing Company. Assume that the company has beginning work-in-process inventory. Use T-accounts to record these transactions. Montego purchased $600,000 of raw materials with cash. The production mana..
How many orders per year are needed with the optimal policy : To minimize cost, how many units should be ordered each time an order is placed? - How many orders per year are needed with the optimal policy?

Reviews

Write a Review

Business Management Questions & Answers

  Coefficient of variation for security

If its expected return is 10%, it's Beta coefficient is 1.2 with an R2of 0.09, and its standard deviation is 5%, what is the coefficient of variation (CV) for this security?

  Discuss issues involved with pegging or floating the yuan

Discuss the issues involved with pegging or floating the Yuan to the US dollar. Please note that this is an MBA course so you must show and demonstrate your ability to provide reasoning for your response to discussion questions.

  Explain what is the productivity of the application process

Liberty Insurance Company processes application forms. The average output in a week is 600 claims. Currently the staff includes six full-time employees who work 40 hours per week and earn $18 per hour including fringe benefits. Management has inve..

  Explain why do organizations need to rely on teams

Why do organizations need to rely on teams and groups to achieve goals and gain a competitive advantage. What characteristics are useful for individuals working in virtual teams? Why would someone prefer to work in face-to-face teams

  Use a risk management plan for earthquake

what are the critical factors you will need to consider for those items you will purchase and why are they are critical to the success of your project?

  Components used to make widgets at a price

Johnson Company manufactures widgets. Old Ham Company has approached Jones with a proposal to sell the company one of the components used to make widgets at a price of $100,000 for 50,000 units. Jones is currently making these components in its ow..

  List the types of controversies over which federal courts ha

List the types of controversies over which federal courts have subject matter jurisdiction. Then find an article giving an example of a federal legal dispute.

  Discuss the informal risk capital

Analyze the Sources of Capital and discuss the Informal Risk Capital, Venture Capital, and the benefits of an entrepreneur going Public.

  Method helps one to avoid discriminatory practices

1.Develop three (3) recruitment methods for the job opportunity in question, and suggest two (2) ways that each method helps one to avoid discriminatory practices. Justify your response.

  Determining the financial considerations

Why would it be wrong to add together year one earnings and year two earnings in deciding his choice? What must you do instead? Prove which he would prefer. Does his choice depend on anything other than financial considerations?

  Out of control process

Which of the following patterns on an averages chart that displayed 25 sample averages would reveal an out of control process?

  Outsourcing and offshoring processes

Since we are a global society and economy - thanks to technology, telecommunications and the Internet "- we can offshore just as easily as sending a work order downstairs to another department in the same office! However, outsourcing and offshorin..

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