A gift shop sells 2,500 musical greeting cards each year. The ordering cost for musical greeting cards is $100 per order and the holding cost is $10 per musical greeting card per year. If the gift shop always orders 100 musical greeting cards when it places an order from its supplier, how many musical greeting cards does the gift shop have in inventory, on average?

Q: Your company sells ink cartidages at an average rate of 1500/week. Your supplier has guaranteed a 2…

A: Reorder point = Demand during lead time = Average daily demand * Lead time

Q: What is vendor managed inventory (VMI), and what are some advantages and disadvantages of it?

A: Vendor Managed InventoryVendor-managed inventory (VMI) implies using local suppliers (example,…

Q: A hotel purchases 8,000 gallons of a cleaning product. Each gallon costs $10 and the cost of holding…

A: Data given in this problem are Annual demand (D) = 8000 gallons Cost of each gallon = $ 10 Holding…

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A: The following methods will calculate inventory holding Now, calculating the average inventory The…

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A: Inventory management refers to the process including ordering, storing and using a company's…

Q: Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given…

A: Given, annual demand, d= 26000 dozens Ordering cost,o =P30 Carrying cost, h= 20% of unit cost Price…

Q: What is the difference between independent and dependent demand items? Why is this distinction…

A: Dependent demand refers to the demand of products depend on the demand of other products. For…

Q: The NATO Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the…

A:

Q: An architect firm uses an average of 60 boxes of copier paper a day. The firm operates 280 days a…

A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…

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A: Daily usage (d) = 32 boxesOperating Days = 128 daysOrdering cost (O) = $ 8Storage Cost (S) = $ 1

Q: What is Consignment Inventory? Advantages and disadvantages of Consignment Inventory for Vendors?

A: Inventory management aids businesses in determining which goods to order and when to order them. It…

Q: What is the total holding cost per year, including annual holding cost for safety stock (to the…

A: Given: Annual demand D 25000 Holding cost H 1 Ordering cost S 30 service level   0.95…

Q: When cycle counting inventory, why do experts recommend a lower acceptable error tolerance for A…

A: When experts recommend cycle counting inventory a lower acceptable error tolerance for A items than…

Q: An increase in Economic Order Quantity will lead to Increase in Ordering cost Reduction in…

A:

Q: What is the EOQ? (Enter your response rounded to the nearest whole number.)

A: As per this question, I would determine the EOQ quantity, Now, I would determine the EOQ quantity,…

Q: A certain type of chair costs $10, and the annual carrying cost rate is 0.20. Annual demand is 12,…

A: Given data is Annual demand (D) = 12 Order cost (S) = $3 Carrying cost (H) = 0.20%(10)=$2

Q: A producer distributor uses 800 packing crates a month, which it purchases at a cost of $10 each.…

A: Monthly usage = d = 800 crates Purchase Cost = C = $10 Annual carrying cost = i = 35% Ordering cost…

Q: ABC Company placed an order on December 1. It normally receives the order after 9 days. If the…

A: The reorder point is the level reached at which the order is placed to replenish the inventory…

Q: Unfortunately the supplier of inventory has a minimum order quantity of 2,000 units. How much more…

A: Given that, I would determine the EOQ order quantity for this case, The rest answers are shown…

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A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…

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A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory…

A: Given data  Demand = 85 bags per week  Annual demand (D)  =85×52=4420 bags per year  Ordering cost…

Q: The average expense of keeping inventory for an integrated circuit producer is 48 percent.What…

A: Given: Annual holding cost = 48% one-month inventory supply  Monthly holding cost % = 4812=4%

Q: You have an annual demand of 800 units of your product which you sell for $90 a unit. It costs you…

A: EOQ = √ [ 2*D*O / C ]   Annual Demand D = 800 Order Cost O = 20 Carrying Cost C = 90*0.14 =  12.6

Q: How does the purchase connection to the classic EOQ model work?

A: EOQ Model:                 EOQ stands for Economic Order Quantity and this model will help to find…

Q: Explain concepts of inventory like carrying costs, ordering costs, inventory models.

A: Introduction: Inventory control performs a pivotal function within the smooth operation of…

Q: Discuss with examples the two methods of inventory control. Which method do you think is better for…

A: The significant creation arranged strategies and methods of stock control for overseeing inventories…

Q: Paul’s Toy Distributor (PTD) sells 200 game consoles every week. PTD charges a $300 fixed cost for…

A:

Q: What would be the relationship (one-to-one, one-to-many, or many-to-many) relationship between:…

A: One-to-one relationships partner one record in one table with a solitary record in the other table.…

Q: Delaney Co. uses 12,000 of an item per year. They are open 300 days per year. The item takes 8 days…

A: Given - Annual usage = 12,000 items Lead time  = 8 days Safety stock = 200 items Working days = 300…

Q: When a retailer places large order of inventory

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Q: Discuss the nature of the costs that affect inventory size.

A: The optimum inventory size is the one that minimizes the combined total value of holding cost,…

Q: Describe the advantages of vendor managed inventory

A: VMI has the advantage of determining whether the Reseller is required to product is completed on…

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A: Inventory management is the process of managing the inventory by determining the requirement of…