Question: Use the information below to answer the questions: Purchase unit Usage rate Order period Lead time = 10-lb poly bag (ground beef) 170 lb

Use the information below to answer the questions: Purchase unit Usage rate Order period Lead time = 10-lb poly bag (ground beef) 170 lb per day = Safety level = 1 day a. How many pounds should be ordered at the order point? May 1 4 days 1 day b. How many 10-pound poly bags should be purchased? c. What is the usage rate in the four-day period? d. How many 10-pound poly bags are used daily and during the order period? e. How many purchase units are included in the lead time and safety level factors? f. What is the maximum number of pounds to be available? g. How many purchase units should be purchased at the order point? May 31 The following information applies to the VPC Restaurant: Chapter 7 Food inventory value: Food Inventory value: Cost of food during May $73,480 $77,550 $386,410 1. What is the inventory turnover rate for food products for VPC Restaurant? 2. What does the answer (inventory turnover ratio) in question 1 mean?

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Problem 2 Use the information below to answer the following questions: 10-lb poly bag (ground beef) = 170 lb per day Purchase unit Usage rate Order period 4 days

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