Meyer Stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which sells, on average, 30 bottles per week. Meyer’s cost is $8 per bottle. Meyer has determined its order cost to be $50 and inventory carrying cost is 20%. Meyer is open for business 52 weeks per year. What is the EOQ for raspberry syrup? If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup?
Answer to relevant QuestionsTalbot Industries is evaluating its service level policy for a product that is considered critical to customers. Demand for item average 100 units per day and the lead time form the supplier of the item averages 6 days. An ...Suppose you are a corporate buyer. One of your suppliers delivers a particular part in 12 days on average, with a standard deviation of 3. The daily usage averages 20 units per day with a standard deviation of 4. What is the ...After you reduce your order cost, as described in problem 24, the supplier in problem 13 changed its pricing policy to a standard $4.75 per unit, regardless of the order quantity. What would be the impact on all other ...What recommendations should Rachel make in her presentation to Tasty Treats management? Tasty Treats is a distributor of candy and snack products. The company carries over 5,000 items in inventory but has never had anyone ...One lean systems’ consultant has stated that “without standardization, there can be no improvement.” Why?
Post your question