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What is the safety stock and order point

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Q1. EE Company's usage of Material Y is 9,600 units during 240 working days per year. Normal lead time and maximum lead time are 20 working days and 35 working days, respectively. Assuming Material Y will be required evenly throughout the year, what is the safety stock and order point?

Q2. FF Company has obtained the following costs and other data pertaining to one of its materials:

Order Quantity 3,500 units

Normal use per day 500 units

Maximum use per day 600 units

Minimum use per day 100 units

Lead time 5 days

Required - Please compute the following:

(1) Safety stock (maximum)

(2) Order point

(3) Normal maximum inventory

(4) Absolute maximum inventory

Reference no: EM132714808

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