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At what point should warehouse reorder shoes

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Question - FlowLove Shoe Co. produces and sells an excellent-quality walking shoe. After production, these shoes are distributed to 30 warehouses around the country. Each warehouse services approximately 120 stores in its region. FlowLove uses an EOQ model to determine the number of pairs of shoes to order for each warehouse from the factory. Annual demand for Warehouse WH1 is approximately 180,000 pairs of shoes. The ordering cost is $200 per order. The annual carrying cost of a pair of shoes is $3.20 per pair.

Required -

1. Use the EOQ model to determine the optimal number of pairs of shoes per order.

2. Assume each month consists of approximately 4 weeks. If it takes 1 week to receive an order, at what point should warehouse WH1 reorder shoes?

Reference no: EM132937538

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