Question: QUESTION SIX The JODINGO Ltd uses the component called neel. The company provides the following details: Details cost/Units Monthly demand for finished goods (units) 10,000
QUESTION SIX The JODINGO Ltd uses the component called neel. The company provides the following details: Details cost/Units Monthly demand for finished goods (units) 10,000 Cost of placing an order 10 Tsh Normal usage of input neel per week (units) 40 Annual carrying cost per unit 1.5 Tsh Maximum usage per week (units) 65 Minimum usage per week (unit) 45 Reorder period (weeks) 4 to 6 REQUIRED: Calculate the following for Neel. 1) Reorder Quantity 2) Reorder level 3) Maximum level 4) Minimum level 5) Average inventory
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