Question: amswer all question 1) INVENTORY MANAGEMENT - BASIC ECONOMIC ORDER QUANTITY (EOQ) BamBam is attempting to perform an inventory analysis on one of his most

amswer all question 1) INVENTORY MANAGEMENT -

amswer all question 1) INVENTORY MANAGEMENT -

amswer all question 1) INVENTORY MANAGEMENT -

amswer all question

1) INVENTORY MANAGEMENT - BASIC ECONOMIC ORDER QUANTITY (EOQ) BamBam is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 5,000 units. Carrying cost is RM50 per unit per year and the order costs for his company is typically run nearly RM30 per order. Lead time averages 10 days. If 250 is the number of working says per year. Determine the following: (a) What is the economic order quantity (EOQ)? (b) What is the average inventory? (c) What is the optimal number of orders per year (N)? (d) What is the optimal number of working days between orders (T)? (e) What is the total annual inventory cost? (f) What is the reorder point (ROP)? 2) INVENTORY MANAGEMENT - QUANTITY DISCOUNT IGOT7 Industries, a manufacturer of exercise equipment purchases the pulley section of the equipment from a supplier who lists these prices: less than 1,000, RM5 each; 1,000 to 3,999, RM4.95 each; 4,000 to 5,999, RM4.90 each; and 6,000 or more, RM4.85 each. Ordering costs are RM50, annual carrying costs per unit are 40% of purchase cost, and annual usage is 4,900 pulleys. Determine an order quantity that will minimize the total cost. 3) AGGREGATE PLANNING Mark Tuan, Operations Manager at GOT7 Furniture, has received the following estimates of demand requirements: January 1,100 February 1,200 March 1,400 April 1,800 May 1,800 June 1,600 Assuming stockout costs for lost sales of RM100 per unit, inventory carrying costs of RM25 per unit per month, and a zero beginning and ending inventory. Analyze the extra cost if the company vary the workforce, which performs at a current production level of 1,300 units per month. The cost of hiring additional workers is RM3,000 per 100 units produced. The cost of layoffs is RM6,000 per 100 units cut back

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