User Account

All Pages

What is the order quantity and reorder point should be used

Assignment Help Business Management
Reference no: EM132071201

A regional warehouse purchases hand tools from various suppliers and then distributes them on demand to retailers in the region. The warehouse operates five days per week, 52 weeks per year. Only when it is open can orders be received. Average daily demand = 100 drills Standard deviation of daily demand =30 drills Lead time = 3days Holding cost = $ 9.40/unit/yea r Ordering cost = $35/order Cycle-service level = 92%

(a). What is the eoq? What is the order quantity and reorder point should be used?

(b). For a 92% service level, what is the reoder point? How much is the safety stock If on-hand inventory is 40 units, there is one open order for 440 drills, and there are no backorders, should a new order be placed?

Reference no: EM132071201

Questions Cloud

Work-related homicide convictions in the united states : What is your reaction to what are believed to be the first work-related homicide convictions in the United States?
Discuss about the rehabilitation of offenders : Explain your point of view on the role of corrections in the criminal justice system to each of the questions asked, and draw a connection to the topic.
Issue of evaluating managers of foreign operations : Fundamentally, the issue of evaluating managers of foreign operations is no different from that for managers evaluating local managers
Explain the impact of unethical practices on healthcare : Explains the similarities and differences between laws and ethics, and the impact of unethical practices on healthcare.
What is the order quantity and reorder point should be used : (a). What is the eoq? What is the order quantity and reorder point should be used?
Components for jet engines of commercial aircraft : A company produces components for jet engines of commercial aircraft. One of its best-selling components is an aluminum alloy housing.
Comprehensive tool for industry analysis : Do you think that Porter's Five Forces is a comprehensive tool for industry analysis? What do you see as the major limitations of this analytical tool?
The difference between interrogating and interviewing : (CRJ 320) : Determine the fundamental difference between interrogating and interviewing under the circumstance of criminal investigation.
What can be done to limit or prevent this practice : What alternatives would be placed in the law to give the state prosecutor more freedom to manipulate the third strike?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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