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1 XYZ Company sells personal care products to retailers. The company holds products in its warehouse till retailers give order. Thus, XYZ Company aims to minimize its total inventory cost. Yearly demand is 95000 units and ordering cost is $12 per order. It is also known that holding cost is of the ordering cost. The company operates 300 days a year What is the length of an order cycle?

2.Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. The hospital

uses approximately 60 bandages per day. The actual number tends to vary with the number of patients on any given day Usage can be approximated by a normal distribution that has a mean of 60 and a standard deviation of 3 per day A supply company delivers bandages with a lead time of two days The hospital policy maintains a stock out risk of 10%. Also it is known that the ordering cost is $3 and yearly holding cost per unit is $1.

Determine the z-value

3.Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. The hospital uses

approximately 60 bandages per day. The actual number tends to vary with the number of patients on any given day. Usage can be approximated by a normal distribution that has a mean of 60 and a standard deviation of 3 per day. A supply company delivers bandages with a lead time of two days. The hospital policy maintains a stock out risk of 10%. Also, it is known that the ordering cost is $3 and yearly holding cost per unit is $1

Calculate the reorder point

4. XYZ Company sells personal care products to retailers. The company holds products in its warehouse till retailers give order. Thus, XYZ Company aims to minimize its total inventory cost. Yearly demand is 95000 units and ordering cost is $12 per order. It is also known that holding cost is of the ordering cost. The company operates 300 days a year

How many times per year does the store reorder?

5. A given inventory item has a per-year holding cost of $500. One method of shipping this iten is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be (2 Points) more expensive overall than using the faster method.