Calculating reorder pointannual demand for a product is

Assignment Help Business Management

Reference no: EM13369494

Calculating reorder point

Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?

Reference no: EM13369494

Questions Cloud

Importance and features of a problem statementa vital part : importance and features of a problem statementa vital part of almost every report contains statements concerning its

International job search - nestle1 outline the recruitment : international job search - nestle1. outline the recruitment strategies of nestle2. explain how nestle classifies their

Forecasting in a health care centersuccessful organizations : forecasting in a health care centersuccessful organizations are also those who are able to make relatively accurate

Techniques of selecting right candidate for right : techniques of selecting right candidate for right jobconsider the selection process. this is the ground zero of your

Calculating reorder pointannual demand for a product is : calculating reorder pointannual demand for a product is 13000 units weekly demand is 250 units with a standard

Question related to reorder pointsarahs muffler shop has : question related to reorder pointsarahs muffler shop has one standard muffler that fits a large variety of cars. sarah

Determining purchase price paritydescribe how purchasing : determining purchase price paritydescribe how purchasing price parity and the big mac are used in global financing

Design of goods and servicesintegrate the concepts and : design of goods and servicesintegrate the concepts and operations management principles address the following questions

Develop a selection process for a retail store cashier job : develop a selection process for a retail store cashier job description specificationbank tellerretail store cashier is

User Account

All Pages