Prepare the following inventory records demonstrating different ordering techniques. Hint- consider all elements of lead time 1-
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Question:
Prepare the following inventory records demonstrating different ordering techniques. Hint- consider all elements of lead time
1- 1200 Red Bull Order Quantity = 10000
Order Point with safety stock Safety stock = 1 week usage Opening inventory = 10500
2- 3100 Apples Min/Max
Minimum = 2000 Maximum= 15000
3- 6000 Toblerone Chocolate Bars Review after 1st issue and every 4 weeks Periodic
Review with Target Safety stock = 5000 Opening inventory = 20000
Notce:2 orders for each part. For part usage reference your material plans.
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