Question: Do an ABC analysis on the following information: Item Code Average inventory units $ value per unit 1289 400 3.75 2347 300 4.00 2349 120
Do an ABC analysis on the following information:
Item Code Average inventory units $ value per unit
1289 400 3.75
2347 300 4.00
2349 120 2.50
2363 75 1.50
2394 60 1.75
2395 30 2.00
6782 20 1.15
7844 12 2.05
8210 8 1.80
8310 7 2.00
9111 6 3.00
EOQ Homework
Joe Henrys machine shop uses 2,500 brackets during a year. These brackets are purchased from a supplier 90 miles away. The following information is provided:
Annual demand 2,500 units
Holding cost per bracket per year - $1.50
Order cost per order - $18.75
Lead time 2 days
Working days per year 250 days
- What is the EOQ?
- What is the average inventory?
- What is the optimal number of orders per year?
- What is the optimal number of days between orders?
- What is the annual total inventory cost?
- What is the total annual cost if each item costs $100?
- What is the ROP?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help