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Given the following data for a particular inventory item
Usage 500 units/weekOrdering $40 per orderCarrying cost $.01 per unit per weekLead Time 3 weeksPrice $.50 per unit
A. What is the economic order quantity for this item?B. For the economic order quantity, what is the reorder point?C. For the economic order quantity, what is the average inventory level?D. For the economic order quantity, what are the average weekly ordering costs?E. For the economic ordering quantity, what are average weekly carrying costs?F. For the economic order quantity, What are average weekly total costs, including the cost of the inventory item?
Social responsibility activities and contributions are mandated legally for large multinational global corporations by the World Bank and the United Nations.
Suppose that Joe, and APICS certified analyst, informs that he has heard about a new form that in the event of a stock? out, guarantees to provide overnight as many additional units as needed for a premium of $10/unit.
Illustrate what amount of safety stock is appropriate. When should this item be reordered. Illustrate what risk of stock out would result from a decision not to have any safety stock.
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From the e-Activity, briefly describe your results from the communication skills quiz. Describe the areas where you see yourself lacking or needing improvement as a communicator, and suggest steps you could take to improve or fill a void.
What capacity planning approaches should retailers use for Black Friday?
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