Order Point Computations. The Pen Company is setting up an inventory control system. For one type of

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Order Point Computations. The Pen Company is setting up an inventory control system. For one type of material, the following data have been assembled: LO2 Orderquantity. 3,000 units Minimum use perday. 80 units Normal use perday. 120 units Maximum use perday. 200 units Leadtime. 12 days Required: Compute the following:

(1) Safety stock (maximum)

(2) Order point

(3) Normal maximum inventory

(4) Absolute maximum inventory

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