Question: fill out tables and explanations for the problem:) Problems: : 11.22 A small hardware store uses a periodic review system to control inventory and calculate

fill out tables and explanations for the problem:)
fill out tables and explanations for the
fill out tables and explanations for the
fill out tables and explanations for the
fill out tables and explanations for the
Problems: : 11.22 A small 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. your calculations. Annual Item Demand Nut- 6mm 500 Target Level On- Hand Order Quantity 22 - 750 54 200 0 Nut - 8 mm Bolt - 6 mm Bolt - 8 mm Screw #8 - 30 mm 100 6 250 12 Screw #8 - 40 mm 200 8 8 380 20 Washer - 8 mm Washer - 10 mm Pin - Split 100 5 400 40 11.23 Using the data from problem 11.22, calculate the order quantities that would result if the store switched to a weekly review of inventory. What effect does more frequent ordering have on order quantities? On- Order Item Annual Demand Target Level Hand Quantity Nut- 6mm 500 22 750 54 Nut-8 mm Bolt - 6 mm Bolt - 8 mm 200 O - 100 6 Screw #8 - 30 mm 250 12 200 8 380 20 Screw #8 - 40 mm Washer - 8 mm Washer - 10 mm Pin - Split 100 5 400 40

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