What is the reorder point for part reorder point is express

Assignment Help Business Economics

Reference no: EM1321912

Q. Cress Electronic Products manufactures components utilized in the automotive organization. Cress purchases parts for us in its manufacturing operation from a variety of different suppliers. One particular provider supplies a part where the assumptions of the EOQ model are realistic. The annual demand is 5000 units, the ordering cost is $80 every order also the annual holding cost rate is 25%.

a) If the cost of the parts is $20 every unit, Illustrate what is the economic order quantity?

b) Assume 250 days of operation every year. If the lead time for the order is 12 days, illustrate what is the reorder point?

c) If the lead time for the parts is 7 weeks (35 days), illustrate what is the reorder point?

d) Illustrate what is the reorder point for part C if the reorder point is expressed in terms of the inventory on hand rather than the inventory position?

Reference no: EM1321912

Questions Cloud

Methods for verify eligibility prior to hiring : Contact the Human Resources manager at your company, division, or at another company. Ask the manager to explain the methods they use to verify eligibility prior to hiring.

Designing a controller for new satellite : You are allocated to work on the project in order to design a controller for the new satellite. In order to save the money, your manager estimates you would reuse around 90% of software from one of two similar satellites the company built in the p..

Appropriate null and alternative hypotheses : Let ≥ represent the true average area (in square feet) of these apartments. What are the appropriate null and alternative hypotheses?

Make a 95% confidence interval for the true proportion : M ake a 95 percent confidence interval for the true proportion of checking account customers who also have savings accounts.

What is the reorder point for part reorder point is express : Illustrate what is the reorder point for part if the reorder point is expressed in terms of the inventory on hand rather than the inventory position.

Swot analysis for nike company : Create a SWOT analysis for the company (NIKE) you chose to research. Your analysis should be between one to two pages and identify the company's strengths, weaknesses, opportunities, and threats.

Fixing null and alternate hypotheses for single proportion : In terms of p , the researcher should test which of the following null and alternative hypotheses?

Decreasing risk of malicious attacks : While a large percentage of the information technology security budgets is devoted to decreasing the risk of malicious attacks, there exist other ways in which systems or data become damaged.

Finding mean life length of the batteries : At.05 level of significance, is there evidence to propose that mean life length of the batteries manufactured by this manufacturer is more than 400 hours?

User Account

All Pages