1.3 On the average, a company has a 12-week production lead time and an annual cost of...

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1.3 On the average, a company has a 12-week production lead time and an annual cost of goods sold of $38 million. Assuming the company works 50 weeks per year:

a. What is the dollar value of the WIP?

b. If the lead time could be reduced to 5 weeks, what would be the reduction in the WIP?

Answer,

a. $9,120,000

b. $5,320,000

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Introduction To Materials Management

ISBN: 9781292162355

8th Global Edition

Authors: J. R. Tony Arnold, Chapman, Stephen N., Lloyd M. Clive

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Question Posted: Jul 19, 2024 05:05 PM

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1.3 On the average, a company has a 12-week production lead time and an annual cost of...

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Introduction To Materials Management

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