11 23 Using the data from problem 11 22, calculate and fill out target level and order quantity in below table if the store switched to a weekly review of inventory What effect does more frequent ordering have on order quantities Item Annual Demand Target Level On Hand Order Quantity Nut 6mm 500 22 Nut 8 mm 750 54 Bolt 6 mm 200 0 Bolt 8 mm 100 6 Screw 8 30 mm 250 12 Screw 8 40 mm 200 8 Washer 8 mm 380 20 Washer 10 mm 100 5 Pin Split 400 40

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Question: 11.23 Using the data from problem 11.22, calculate and fill out target level and order quantity in below table if the store switched to a

11.23 Using the data from problem 11.22, calculate and fill out target level and order quantity in below table if the store switched to a weekly review of inventory. What effect does more frequent ordering have on order quantities?

Item	Annual Demand	Target Level	On-Hand	Order Quantity
Nut 6mm	500		22
Nut 8 mm	750		54
Bolt 6 mm	200		0
Bolt 8 mm	100		6
Screw #8 30 mm	250		12
Screw #8 40 mm	200		8
Washer 8 mm	380		20
Washer 10 mm	100		5
Pin - Split	400		40

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