EBK PRACTICAL MANAGEMENT SCIENCE
EBK PRACTICAL MANAGEMENT SCIENCE
5th Edition
ISBN: 9780100655065
Author: ALBRIGHT
Publisher: YUZU
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Chapter 12, Problem 27P
Summary Introduction

To identify: The reorder point at which the bakery must place the orders.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

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Explanation of Solution

Model:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 12, Problem 27P , additional homework tip  1

Formula:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 12, Problem 27P , additional homework tip  2

Data table to calculate the reorder point for different lead times:

Cells A15 to B18 is selected and the input is given as shown below:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 12, Problem 27P , additional homework tip  3

Output:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 12, Problem 27P , additional homework tip  4

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