Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this pro
Posted: Sun May 08, 2022 4:40 pm
Rick Jerz is attempting to perform an inventory analysis on one
of his most popular products. Annual demand for this product
is 5,000 units; carrying cost is $50 per unit
per year; order costs for his company typically run
nearly $30 per order; and lead time averages 10
days. (Assume 250 working days per year.)
Part 2
a) The economic order quantity is
enter your response here
units (round your response to the nearest
whole number).
Part 3
b) The average inventory is
enter your response here
units (round your response to the nearest
whole number).
Part 4
c) The optimal number of orders per year is
enter your response here
orders (round your response to the nearest
whole number).
Part 5
d) The optimal number of working days between orders is
enter your response here
days (round your response to two decimal places).
Part 6
e) The total annual inventory cost (carrying
cost+ordering
cost) is
$enter your response here
(round your response to two decimal places).
Part 7
f) The reorder point is
enter your response here
units (enter your response as a whole number).
of his most popular products. Annual demand for this product
is 5,000 units; carrying cost is $50 per unit
per year; order costs for his company typically run
nearly $30 per order; and lead time averages 10
days. (Assume 250 working days per year.)
Part 2
a) The economic order quantity is
enter your response here
units (round your response to the nearest
whole number).
Part 3
b) The average inventory is
enter your response here
units (round your response to the nearest
whole number).
Part 4
c) The optimal number of orders per year is
enter your response here
orders (round your response to the nearest
whole number).
Part 5
d) The optimal number of working days between orders is
enter your response here
days (round your response to two decimal places).
Part 6
e) The total annual inventory cost (carrying
cost+ordering
cost) is
$enter your response here
(round your response to two decimal places).
Part 7
f) The reorder point is
enter your response here
units (enter your response as a whole number).