Question: Can you help me with the work for this question? I have the answers i just need help to know how to do it: One
Can you help me with the work for this question? I have the answers i just need help to know how to do it: One of the products sold by OfficeMax is a HewlettPackard LaserJet Z printer. As purchasing manager, you have the following information for the printer:
i Click the icon to view the information for the printer.
a The EOQ is Enter your response rounded to the nearest whole number.
b The annual ordering costs and holding costs ignoring safety stock for the EOQ is $Enter your response rounded to the nearest dollar.
c Suppose OfficeMax currently orders printers at a time.
OfficeMax would pay $ less in holding and ordering costs per year if it ordered just printers at a time. Enter your response rounded to the nearest dollar.
d The reorder point for the printer is printers. Enter your response rounded up to the nearest whole number.
The safety stock for the printer is printers. Enter your response rounded up to the nearest whole number.
e Use the following formula to consider the impact of safety stock SS on average inventory levels and annual holding costs:
The annual inventory holding cost, including the safety stock, is $Enter your response rounded to the nearest dollar.
The annual safety stock holding cost is $Enter your response rounded to the nearest dollar.
f Suppose OfficeMax is able to cut the lead time to a constant weeks.
More Info
The new safety stock level is Enter your response rounded up to the nearest whole number.
The cutting the lead time would reduce the annual holding costs by $Enter your response rounded to the nearest dollar.
Average weekly demand weeks per year: printers
Standard deviation of weekly demand: printers
Order lead time: weeks
Standard deviation of order lead time: lead time
Item cost: $ per pr
Cost to place an order: $
Yearly holding cost per printer: $
Desired service level during reordering period:
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