16. The new manager of the Philby Hotel plans to do the beverage purchas- ing for...

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16. The new manager of the Philby Hotel plans to do the beverage purchas- ing for the property using the perpetual inventory method. She wants to reorder the items in the following list approximately every two weeks and plans to use a safety factor of 50 percent for calculating par stock and reorder point. Delivery requires six days. Storage space is ample. Given the daily usage figures listed here, determine par stock, reorder point, and reorder quantity for each item. Item Daily Usage 4 Gordon's Gin Gordon's Vodka Ronrico Light Rum Cutty Sark Scotch Bushmill's Irish 8 2 31 16. The new manager of the Philby Hotel plans to do the beverage purchas- ing for the property using the perpetual inventory method. She wants to reorder the items in the following list approximately every two weeks and plans to use a safety factor of 50 percent for calculating par stock and reorder point. Delivery requires six days. Storage space is ample. Given the daily usage figures listed here, determine par stock, reorder point, and reorder quantity for each item. Item Daily Usage 4 Gordon's Gin Gordon's Vodka Ronrico Light Rum Cutty Sark Scotch Bushmill's Irish 8 2 31

Answer rating: 100% (QA)

Par Stock This is the maximum quantity of an item that should be in stock Its calculated as Dai... View the full answer