b) Describe briefly about; i. Inventory, and Inventory cost ii. The purpose to have sales and operations planning c) Give at least ONE (1) example of; i. Product categorized as dependant demand ii. Product categorized as independent demand d) World Cycle is a centre for a new Malaysian made bicycle. It cost the company RM 1200 to order each bicycle from the manufacturer with handling cost of RM 100 for each unit. The company estimates the total annual demand will be 3000 units with a constant demand rate through-out the year. The store policy is never to have stock of the bicycle since it takes within minutes to receive it after placement order from a local warehouse. The company is open for business every day except public holidays. Malaysian public holidays, including Saturday and Sunday are 120 days a year. Determine; i. Optimal order quantity per order ii. Minimum total annual inventory costs iii. The number of orders per year iv. The working days between orders
b) Describe briefly about;
i. Inventory, and Inventory cost
ii. The purpose to have sales and operations planning
c) Give at least ONE (1) example of;
i. Product categorized as dependant demand
ii. Product categorized as independent demand
d) World Cycle is a centre for a new Malaysian made bicycle. It cost the company RM 1200 to order each bicycle from the manufacturer with handling cost of RM 100 for each unit.
The company estimates the total annual demand will be 3000 units with a constant demand rate through-out the year. The store policy is never to have stock of the bicycle since it takes within minutes to receive it after placement order from a local warehouse.
The company is open for business every day except public holidays. Malaysian public holidays, including Saturday and Sunday are 120 days a year. Determine;
i. Optimal order quantity per order
ii. Minimum total annual inventory costs
iii. The number of orders per year
iv. The working days between orders
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