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What is the size of the safety stock in parts

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Reference no: EM133100372

Question - Genome Limited manufactures parts for DNA testing kits. Details for one of the parts are shown below.

Economic order quantity 5,600 parts

Maximum weekly usage 600 parts

Lead time 3 weeks

Average weekly usage 520 parts

Management wants to know the proper safety stock to maintain for this component and the appropriate reorder point.

Required -

1. Assume that no safety stock is to be carried. What Is the reorder point?

2. Assume that a full safety stock is to be carried.

a. What is the size of the safety stock in parts?

b. What is the reorder point?

Reference no: EM133100372

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