Question: High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and
High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers, A fixedorderquantity inventory control system FQS helps monitor and control these SKUs. The following information is for one of the calculators that High Tech stocks, sells, and ships Average demand Lead time Order cost Unit cost Carrying charge rate Number of weeks tandard deviation of weekly demand SKU service level Current onhand inventory Scheduled receipts Backorders calculators per week weeks $order $ weeks per year calculators percent calculators calculators calculators a What are the economic order quantity? b What are the total annual order and inventoryholding costs for the EOQ? c What is the reorder point without safety stock? d What is the reorder point with safety stock? e Based on the previous information, should a fidixedorder quantity be placed, and if so for how many calculators?
DO THIS ON EXCEL PLEASE......With the formulas used....
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