Learning Activity: EOQ for optimal purchasing Your repair shop - Classe Carn - replacement wheels is the lobby're shop Compute the optimal order quantity for you to stock the 63-64 Corvette style rus in chrome plated steel 1 SON Price hoped to use 500 de wheel b Casper - 5300 Der wheel 250 Tell wetery Hotel Q- C, Usapely 2.3 which De very coal ic 6500 per home 0 Cost to order 1000 perder TC OG espero INFORMATIE Tits Annual investory Cost per ALL TOMATEN The winnis met betred by the catch how many where would OG whisperder How much would your new tannual story New To Avery cost pety MUS Den the only policy creatinancial burder on your operational w Now, we should you re-order these wheels 777 compute the He-order Posting the additional data below.service level and consistent? corde pour e) and the way corrierock) Leasie Daar het days whers per day wheels per - dvadering the team Viimex Day 1 Day 2 Day 3 Day Dwys Day Day 2 12 15 We coverage) demander ingle period Mes were demand during the leadine Service Level Safety Factor (of demand during a single period of demand during load Then we PANOLLESSE wees per day) Whisper Made 14 Reorder PR- who make sure POUND Embers wou want to Chapter 14 How much would this policy make your new total annual inventory New Total Annual Inventory Costs per year Aaa Does this new crate only policy create a financial burden on your operational Now, when should you re-order these wheels??? Compute the Re-order Point, using the additional data below, a 90% service level and a consistent 7 Data of Usage (wheels per 4 days wheels per day wheels per lead to HINTAmd Leadin 8 12 15 8 14 Leadtime Mean (average) demand per single period) Mean (average) demand during the lead time Service Level (%) Safety Factor, z (of demand during a single period) - (of demand during lead time) HINT: Use -NORMS INV/service leve wheels (per day) wheels (per lead time) Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Day 9 Day 10 Day 11 Day 12 Day 13 4 16 Reorder Point=R- wheels HINT make sure to ROUND this num 4 12 8 So, when should you reorder these wheels? 7 12 And finally, when I re-order, how many should I buy? Note: adding the risk due to unpredictable demand into your re-order point requires you to carry additional Safety Stock (included in your computation) that was not included in the original EOQ computations 0 wheels Safety Stock required Annual Inventory holding cost for $ Safety Stock per year Learning Activity: EOQ for optimal purchasing Your repair shop - Classe Carn - replacement wheels is the lobby're shop Compute the optimal order quantity for you to stock the 63-64 Corvette style rus in chrome plated steel 1 SON Price hoped to use 500 de wheel b Casper - 5300 Der wheel 250 Tell wetery Hotel Q- C, Usapely 2.3 which De very coal ic 6500 per home 0 Cost to order 1000 perder TC OG espero INFORMATIE Tits Annual investory Cost per ALL TOMATEN The winnis met betred by the catch how many where would OG whisperder How much would your new tannual story New To Avery cost pety MUS Den the only policy creatinancial burder on your operational w Now, we should you re-order these wheels 777 compute the He-order Posting the additional data below.service level and consistent? corde pour e) and the way corrierock) Leasie Daar het days whers per day wheels per - dvadering the team Viimex Day 1 Day 2 Day 3 Day Dwys Day Day 2 12 15 We coverage) demander ingle period Mes were demand during the leadine Service Level Safety Factor (of demand during a single period of demand during load Then we PANOLLESSE wees per day) Whisper Made 14 Reorder PR- who make sure POUND Embers wou want to Chapter 14 How much would this policy make your new total annual inventory New Total Annual Inventory Costs per year Aaa Does this new crate only policy create a financial burden on your operational Now, when should you re-order these wheels??? Compute the Re-order Point, using the additional data below, a 90% service level and a consistent 7 Data of Usage (wheels per 4 days wheels per day wheels per lead to HINTAmd Leadin 8 12 15 8 14 Leadtime Mean (average) demand per single period) Mean (average) demand during the lead time Service Level (%) Safety Factor, z (of demand during a single period) - (of demand during lead time) HINT: Use -NORMS INV/service leve wheels (per day) wheels (per lead time) Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Day 9 Day 10 Day 11 Day 12 Day 13 4 16 Reorder Point=R- wheels HINT make sure to ROUND this num 4 12 8 So, when should you reorder these wheels? 7 12 And finally, when I re-order, how many should I buy? Note: adding the risk due to unpredictable demand into your re-order point requires you to carry additional Safety Stock (included in your computation) that was not included in the original EOQ computations 0 wheels Safety Stock required Annual Inventory holding cost for $ Safety Stock per year