Identify the aspects of the inventory policy

Assignment Help Operation Management

Reference no: EM132295139

1. A company has a product that shows a constant annual demand rate of 3,600 boxes. A box costs $ 3. The ordering costs are $ 20 per order and the maintenance costs are 25% of the inventory value. The company has 250 business days per year, and the delivery time is five days. Identify the following aspects of the inventory policy.

a) Economic amount order

b) Total annual cost

2. A machined part has a standard machine time of 2.8 minutes per part in a milling machine. During an 8-hour shift, 200 units must be produced. Of the 480 minutes available for production, the machine will operate 80% of the time. During the operation time of the machine, the parts will be produced at a rate equal to 95% of the standard rate. How many machines are required?

Reference no: EM132295139

Questions Cloud

Describe the three phases of managing customers : List and describe the three phases of managing customers

Completed marketing plan about tuxedo business focusing : Write a Completed Marketing Plan about a Tuxedo business focusing on: What do you want to market?

What are total costs for ordering and maintaining inventory : What are the total costs for ordering and maintaining inventory?

How design thinking can support social innovation : How Design Thinking can Support Social Innovation Within Social Enterprises?

Identify the aspects of the inventory policy : The company has 250 business days per year, and the delivery time is five days. Identify the following aspects of the inventory policy.

Private label goods with producer brand goods : Compare and contrast the advantages and disadvantages of private label goods with producer brand goods.

Does pat really need to buy more forklifts-hire more people : Does Pat really need to buy more forklifts and hire more people? how can I add the warehouse diagram ?

Relationship between protectionism-selfreference criterion : Do you believe there is a relationship between protectionism, the selfreference criterion, and ethnocentrism? Explain.

What is the optimal number of days between the orders : What is the economic amount of the order? What is the optimal number of days between the orders?

User Account

All Pages