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Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8

Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8

Practical Management Science
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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Operations Management CH 11

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Question 7, Part A & B

 

Problem 11-17 (Algo) Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8
Transcribed Image Text:Problem 11-17 (Algo) Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8
b. What is the inventory control system for Widgets? Note: Round your answer to the nearest whole number. > Answer is complete but not entirely correct. 1,084 - / (Inventory on hand) Inventory control system for Widgets q =
Transcribed Image Text:b. What is the inventory control system for Widgets? Note: Round your answer to the nearest whole number. > Answer is complete but not entirely correct. 1,084 - / (Inventory on hand) Inventory control system for Widgets q =
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