What is the re-order point

Assignment Help Business Management
Reference no: EM132166390

Question:Annual demand for product X is 4, 000 units which cost P 90.00 per unit and the inventory carrying cost is P9.00. Study reflects that the ordering costs is P 25.00 per order which take 5 working days for the order to arrive from the supplier. During this time the demand for product X is approximately 80 units. Find the following:o

a.) EQQ

b.) Average Inventory if the EQQ is used.

c.) The optimal number of order per year.

d.) Optimal number of days between any orders, assuming 250 working days per year

e.) Total inventory cost (carrying cost + ordering cost)

f.) What is the re-order point?

Reference no: EM132166390

Questions Cloud

Compare the findings of the current study : There should be a summary of the main findings(without numbers), following by conclusions for each analyses. It is a good idea to compare the findings.
Discuss the importance of a contingency plan : Discuss the importance of a contingency plan and indicate which components are typically addressed in a contingency plan.
How would you lead your team given their cultural background : How would you lead your team given their cultural backgrounds, your cultural background, and the country culture in which the team is based?
Tooth whitening gel manufacturer : If a tooth whitening gel manufacturer wishes to assess customer demand which is a "how much or how many" question, why wouldn't a quantitative approach
What is the re-order point : During this time the demand for product X is approximately 80 units. Find the following:
What the latest treatment approaches are : Present current research findings, what the latest treatment approaches are for the given neuropsychological concerns discussed in the chapter.
Explain how and why business plans of new ventures : FINC 305 - Entrepreneurial Finance - Explain how and why business plans of new ventures (i.e. start-ups) differ from the business plans of more established
Successfully automated burrito production : A new fast-food franchise has successfully automated burrito production. What is average line length in cars?
Discuss the role of disruptive innovation in accelerating : Consider the challenges facing each of the entities at the time of the merger as well as trials that are likely to arise as a result of the merger.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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