Question: solve question 2 please urgent here is the reference to question 1 Q2 (6 Points) FHOME review its inventory every 5 weeks and orders unprocessed

solve question 2 please urgent solve question 2 please urgent here is the
here is the reference to question 1
solve question 2 please urgent here is the
Q2 (6 Points) FHOME review its inventory every 5 weeks and orders unprocessed foam from a supplier accordingly. Currently, the amount of raw materials in stock is enough to produce 350 units. It takes 3 business days for a shipment to arrive from the supplier. The company's goal is to have 90% production availability in meeting market demand. According to July's demand forecast given in Question 1, how much raw materials should the company order for July? Show your calculations and logic. Q1 (7 Points) FHOME, a foam product factory, employs 50 workers, earning $10 per hour. It operates 5 days per week for 8 hours a day. Their best-selling product - branded as Ether One - requires 2 hours of labor work to be ready. The cost of keeping one piece of Ether One in inventory for one month is $10. On the other hand, the cost of shortage per month is $40. Currently, the company has zero inventory of Ether One, and does not adopt a safety stock strategy. The Marketing department forecasted demand for the coming 2 months (July and August) as 3850 and 4450 respectively, with a standard deviation of 120 units. Each of those months has 20 workdays. Calculate the cost of an aggregate plan that maintains a constant workforce and production level, and absorbs variations in demand through inventory excesses and shortages. Show your detailed calculation as you derive the cost of this plan during July and August

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