In a manufacturing firm, a material is used as follows: Calculate (a) reorder level, (b) minimum level,
Question:
In a manufacturing firm, a material is used as follows:
Calculate
(a) reorder level,
(b) minimum level,
(c) maximum level and
(d) average stock level.
Transcribed Image Text:
Maximum consumption Minimum consumption Normal consumption Reorder quantity Minimum Maximum 8,000 units per week 48,000 units 4 weeks 6 weeks 12,000 units per week 4,000 units per week
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