Question: 2. ORDER POINT What is the order point and how many pairs of shoes should be ordered at SHELBY'S SHOES when they have a demand

2. ORDER POINT What is the order point and how

2. ORDER POINT What is the order point and how many pairs of shoes should be ordered at SHELBY'S SHOES when they have a demand of 15 pairs per day, a 7 day, review time and a 14 day lead time? They have 155 pairs of sandals in stock and want to maintain a back-up of 145 pairs to maintain a 95% service level ORDER POINT QUANTITY TO ORDER Formula Order Point = (Demand/day x (Lead time + Review time)t Safety Stock Quantity to Order=Order Point - Stock on Hand 3. UNIT OPEN TO BUY Calculate the open to buy for December given the following information from TONY'S TERRIFIC T-SHIRT SHOP. Estimated sales 425 dozen Goods on hand, Dec. 1 95. dozen Goods on order, Dec. 1 85 dozen Desired stock, Dec. 31 155 dozen Shoplift estimate 5 dozen FORMULA......WORK FOR UNIT OR DOLLAR OPEN TO BUY OTB = (Planned Sales + Planned Ending Inventory + Planned Reductions) - (On Hand + On Order)

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