Problem 5 Apple buys two parts (Memory and Taptic Engine) for use in its production system from two different suppliers (Micron Technology and Nidec). The parts are needed throughout the entire 52-week year. Memory modules are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Taptics are ordered from a supplier who stops by every three weeks. Data for both products are as follows: ITEM Annual demand Holding cost % of item cost) Setup or order cost Lead time Safety stock Item cost MEMORY 100,000 20% $150.00 4 weeks 550 units $100.00 TAPTIC 50,000 20% $70.00 1 week 50 units $50.00 a) What is the inventory control system for Memory? That is, what is the reorder quantity and what is the reorder point? b) What is the inventory control system for Taptic Engine? That is what is the reorder quantity and what is the reorder point? Problem 5 Apple buys two parts (Memory and Taptic Engine) for use in its production system from two different suppliers (Micron Technology and Nidec). The parts are needed throughout the entire 52-week year. Memory modules are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Taptics are ordered from a supplier who stops by every three weeks. Data for both products are as follows: ITEM Annual demand Holding cost % of item cost) Setup or order cost Lead time Safety stock Item cost MEMORY 100,000 20% $150.00 4 weeks 550 units $100.00 TAPTIC 50,000 20% $70.00 1 week 50 units $50.00 a) What is the inventory control system for Memory? That is, what is the reorder quantity and what is the reorder point? b) What is the inventory control system for Taptic Engine? That is what is the reorder quantity and what is the reorder point