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Size of the kanban and the number of kanbans

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Reference no: EM132629596

Krupp Refrigeration, Inc., is trying to reduce inventory and wants you to install a kanban system for compressors on one of its assembly lines. Given the following information:

Setup cost = $10

Annual holding cost per compressor = $100

Daily production = 200 compressors

Annual usage = 25,000 (50 weeks * 5 days each * daily usage of 100 compressors)

Lead time = 3 days

Safety stock = half day's production of compressors

a) Determine the size of the kanban and the number of kanbans (containers) needed.

b) Given the information below about a product at Michael Gibson's firm, what is the appropriate setup time?

Annual demand = 39,000 units

Daily demand = 150 units

Daily production = 1,000 units

Desired lot size = 150 units

Holding cost per unit per year = $10

Setup labor cost per hour = $40

Reference no: EM132629596

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