Question: Asmall hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every 2 weeks and there is a

Asmall hardware store uses a periodic review

Asmall hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every 2 weeks and there is a 1-week lead time for delivery. Safety stock is set at 1 week's supply. The following table shows the products and the current on-hand inventory. Calculate the target level and order quantity for each of the items. Use 50 weeks per year for your calculations. Annual Demand Target Level On-Hand On-Hand Order Quantity Nut - 6 mm SOO 22 Nut-mm 750 54 B-6 mm 200 0 Bolt-mm 100 6 Screw #8 - 30 mm 250 12 Screw - 40 mm 200 8 Washer - 8 mm 380 20 Washer - 10 mm 100 5 Pin - Split 400 40

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