Crew Soccer Shoes Company is considering a change in its current Inventory control system for soccer...

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Crew Soccer Shoes Company is considering a change in its current Inventory control system for soccer shoes. The information regarding the shoes is as follows: Average demand = 220 pairs/week Lead time 2 weeks $60/order Order cost Unit cost $24.50 Carrying charge rate 0.30 Desired service level 95 percent Standard deviation of weekly demand - 40 Number of weeks per year 52 The company decides to use a fixed-order-quantity system. What is the economic order quantity? What should be the reorder point to have a 95 percent service level? Use to determine z-value. Round z-value to two decimal places. Do not round any other intermediate calculations, Round your answers to the nearest whole number, Economic order quantity: Reorder point: pairs pairs Crew Soccer Shoes Company is considering a change in its current Inventory control system for soccer shoes. The information regarding the shoes is as follows: Average demand = 220 pairs/week Lead time 2 weeks $60/order Order cost Unit cost $24.50 Carrying charge rate 0.30 Desired service level 95 percent Standard deviation of weekly demand - 40 Number of weeks per year 52 The company decides to use a fixed-order-quantity system. What is the economic order quantity? What should be the reorder point to have a 95 percent service level? Use to determine z-value. Round z-value to two decimal places. Do not round any other intermediate calculations, Round your answers to the nearest whole number, Economic order quantity: Reorder point: pairs pairs

Answer rating: 100% (QA)

Answer L Lead time 2 weeks Demand weekly 250 pairs D annual de... View the full answer