Fill in the blanks in the following Inventory Record using POQ inventory policy assuming: LeadTime50, and scheduled receipts of 40 in week 1A=2, P=3, on hand inventoryLT=Quantity=Lot Size =On hand =2P=350=Gross requirementsScheduled receiptsProjected on handPlanned-order receiptsPlanned-order releasesBD190402D320A4405660C7Bco860

Planned Order Release= POQ = 3 ,POQ = 3 Means when we need to order we will order the Gross…

Answered: Fill in the blanks in the following…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Dennis Sport World, a chain of sporting goods stores, sells 360,000 tennis balls per year. The tennis balls cost Dennis Sport World RM15 per dozen. Annual inventory carrying costs are 20 percent of inventory price. The cost of placing and receiving an order are RM72. Assume the inventory replenishment occurs virtually instantaneously. Based on recent experience, Dennis Sport World uses 7 days delivery time for planning purposes. (Assume 360 days in a year) TASKS a) Calculate the Economic Order Quantity. b) Calculate the number of orders to be placed. c) Calculate the total annual inventory costs. d) Determine the reorder point.
Develop an EOQ solution and calculate total relevant costs for the data in the preceding table.
Model most appropriate when inventory is replenished only in i xed intervals of time, for example, on the first Monday of each month.
K Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 30 Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 2 40 3 40 1 30 U 4 2 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. 5 6 7 30 70 20 3 40 8 4 9 10 10 80 5 6 7 30 70 20 8 11 9 10 D 12 50 10 11 12 80 50
52
This question is based on the following information pertaining to material Pogi: Usage 50 – 100 lbs. per day Lead time 8 – 12 days Size of the order 600 lbs. No. of days in a year 340 What is the average stock level? A. 1,250 B. 1,200 C. 1,000 D. 9252. What is the maximum stock level? 2,500 2,000 1,400 1,2003. What is the minimum stock level? 450 800 850 1,000 4. What is the re-order level? 1,200 1,600 1,750 1,800
Q1) Bullwhip effect can lead to stock shortages due to lack of proper information. Select one: a. True b. False Q2) The ability to track the location of the order is known as supplier visibility. Select one: a. False b. True
Here it’s the answers I just need an explanation of how did you get that number.
QUESTION 2 Based on the information given below, compute the planned order releases and projected on hand balances for part A, P and M. Graph 1: Bill of Materials (BOM) J (2) Y (3) P (2) B M Table 2: Materials Requirement for Part A, P and M Part A Week 1 2 3 4 5 6. Gross requirement Scheduled receipts Projected on-hand inventory Net Requirements Planned order receipts Planned order releases Quantity = 50, Lead Time = 2, Safety Stock = 0 20 10 20 50 25 Part P Week 1 2 4 Gross requirement Scheduled receipts Projected on-hand inventory Net Requirements Planned order receipts Planned order releases Quantity = Lot-for-Lot, Lead Time = 1, Safety Stock = 30 60 100 %3D
State some drawbacks of just in time inventory management ?
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 70 30 9 10 11 12 60 10 70 Period 1 Gross requirements 20 2 Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 3 40 1 20 4 *Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 2 3 40 4 8 5 6 30 7 70 30 8 9 10 11 12 10 70 60 corn
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