Develop an inventory ordering policy

Assignment Help Operation Management
Reference no: EM131626173

Dunstreet's Department Store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 4,500 per year. The store is open 365 days per year. Every four weeks (28 days) inventory is counted and a new order is placed. It takes 6 days for the sheets to be delivered. Standard deviation of demand for the sheets is five per day. There are currently 190 sheets on hand. How many sheets should you order?

Reference no: EM131626173

Questions Cloud

Customers as part of company human resources : What are the advantages and disadvantages of viewing customers as part of a company’s human resources?
How patient-centered medical home advances primary care : Discuss how patient-centered medical home advances primary care.
Influence the five dimensions of hospital service quality : Discuss ways nurses positively influence the five dimensions of hospital service quality? Why is service culture important in hospitals?
Importance of the laws effecting discrimination : Discuss the importance of the laws effecting discrimination and why these laws are critical to your department.
Develop an inventory ordering policy : Dunstreet's Department Store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out.
Standard item stocked in company inventory of component part : Item X is a standard item stocked in a company's inventory of component parts.
Supermarket buys lettuce each day to ensure really produce : The local supermarket buys lettuce each day to ensure really fresh produce. How many boxes of lettuce should the supermarket purchase tomorrow?
How many seats should super discount overbook the flight : Super Discount Airlines has flight from New York to Los Angeles that will be booked to capacity. By how many seats should Super Discount overbook the flight?
Breakdown of the four effectiveness approaches : Please give a breakdown of Porter's Competitive Strategy? In organizational Theory can you give a breakdown of the Four Effectiveness Approaches?

Reviews

Write a Review

Operation Management Questions & Answers

  When employees have issues with their performance appraisal

When Employees have issues with their Performance Appraisal, what are options that your organization provides to them so they can express their concern? Demographic variables include education, occupation, life-style, personality, age, and gender. Wh..

  Utilize typography to create one design

The objective of this assignment is: clear and creative communication through text and typographic design.

  Illustrate what effect should a realistic job preview have

Illustrate what effect should a realistic job preview have on a new hire's attitude also behaviour.

  What is the take time for the drawing patient blood

The time between patient arrivals to the blood-drawing unit of a medical lab averages 2 minutes. The lab is staffed with two nurses who actually draw the patients' blood. The nurse’s work from 9:00 am to 5:30pm and get two 10-minute breaks and a half..

  Violation of the prohibition of discrimination in employment

Robert’s father was an American and a citizen of the United States, and Robert’s mother was a citizen of Great Britain. Robert was born in Great Britain, so he had dual citizenship – United States and Great Britain. Was the refusal to hire Robert bec..

  Creating graph illustrate the crossover points

Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000 units.

  Distributing business cards with your personal tagline

The sentences has three errors. In the blank box for each question, type ONLY the three corrections for those errors. Just between you and I, one of the best strategys in networking are distributing business cards with your personal tagline.

  Using project management in a wide variety of its operations

Consider a medium-sized company that has decided to begin using project management in a wide variety of its operations. As part of its operational shift, it is going to adopt a project management office (PMO) somewhere in the organization. Make an ar..

  What are the similarities and differences in visions

Compare and contrast the mission and/or organizational visions statements of the two companies. What are the similarities and differences? How do you think these statements impact the culture of each organization?

  Should a drug manufacturer that holds a patent on a drug

Should a drug manufacturer that holds a patent on a drug that is very effective for many AIDS patients be able to sell that drug well above its cost of production during the period of patent protection? If so, under what circumstances? Should these c..

  What are the risks and disadvantages of such alliances

What are the risks and disadvantages of such alliances? What strategic alliances does your case study company employ?

  Compute the forecast for 3q

Compute the forecast for 3Q 2012, 4Q 2012, 1Q2013 using exponential smoothing with a smoothing factor of .7. Given this information

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd