Question: B NTUC is using a fixed period inventory system to control its inventory of brown sugar ice cream. The average monthly demand is 1000 tubs

B NTUC is using a fixed period inventory system to control its inventory of brown sugar ice cream. The average monthly demand is 1000 tubs and the following information is available

Lead time = 1 month Ordering cost = $150/order Unit price =$10 Holding/Carrying rate = 20% Standard deviation of monthly demand = 80 Assume 4 weeks per month Service level = 90%

Analyse the review period and optimal replenishment level with safety stock. Comment how system should be managed.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The daily demand for a spare engine part is a random variable with a distribution based on past experience, given by The part is expected to be obsolete after 400 days. Assume that demands from one...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

FairPrice Xtra in Jurong Point is using a fixed period inventory system to control its inventory of brown sugar ice cream from Taiwan. The average monthly demand for brown sugar ice cream is 1 , 0 0...

Question 1 (Network design optimization). [20 points] ABC Limited Corp. has won contracts to supply a high-tech product to customers in Asia, North America, Europe, and South America. The company has...

ADM 3301 M, N and P Assignment #2 Problem # 1 The product structure tree of product A and the Master Production Schedule (MPS) are given below. The lead times and available inventories of each item...

Please help, also could you show the formulas as well. Please help. Does it look better now, the first excel sheet goes all the up to 12 & then the total. please Sprinkles Ice Cream Shoppe Please...

. ANSWERS TO THE FIRST PART OF THE CASE: Presented below is one possible answer to this case using only information provided in the case with the following assumptions: 1) the milkshake's sales-mix...

A Case Method Approach of Teaching how Cost-Volume-Profit Analysis is connected to the Flexible Budgeting Process and Variance Analysis To start a successful business, you need to understand the...

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

Reliable Corporation had sales of $41,576,618 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of sales. Depreciation expense was $1,500,000....

Explain the terms to account for and accounted for.

Which of the following is incorrect regarding auditing reserves? Auditors send confirmations to independent third parties when auditing reserves. The approach to auditing reserves is the same as...

Find the code for sorts in your language some where online. You will copy code from the internet (with citation!) and modify it to test. Make a random array of integers, then perform each search on...

A firm has class 10 UCC (undepreciated capital cost) carry forward of $70,000. During the year, the firm purchased another class 10 equipment worth $125,000. CCA (capital cost allowance) rate is 30%...

Below are the times (in days) it takes for a sample of 6 customers from Jack\\\'s computer store to pay their invoices .27, 41, 24, 17, 18, 29 Find the standard deviation of this sample of times

On July 2, 2017, Vicuna Inc. purchased equipment for $720,000. This equipment has an estimated useful life of six years and an estimated residual value of $30,000. Depreciation is taken for the...

Acme Ltd., with a taxation year that ends on December 31, 2019 has a Class 8 (20 percent) UCC balance on January 1, 2019 of $1,000,000. During 2019, it acquires new office furniture at a cost of...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

4. Why does the writer place the education section below the sections on career history and fire and aviation qualifications?

When should you arrive for the interview? What should you wear?

2. What elements are likely to be problematic when the writer saves this rsum as a .txt file?