Question
1.If the opening inventory is 1350 units, demand is 900 units, and production is 1200 units, what will be the ending inventory? 2. On the
1.If the opening inventory is 1350 units, demand is 900 units, and production is 1200 units, what will be the ending inventory?
2. On the average, a firm has an eight-week lead time for work-in-process, and annual cost of goods sold is $16 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the work-in-process? b. If the lead time could be reduced to five weeks, what would be the reduction in WIP?
3.On the average, a company has a work-in-process lead time of 10 weeks and annual cost of goods sold of $30 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the work-in-process? b. If the work-in-process could be reduced to five weeks and the annual cost of carrying inventory was 20% of the WIP inventory value, what would be the annual savings
4. A company wants to produce 1,320 units over the next three months at a uniform rate. The months have 21, 22, and 23 working days, respectively. On the average, how much should the company produce each day to level production? a) How much should be sold in each month?
5. A company wants to develop a level production plan for a family of products. The opening inventory is 100 units, and an increase to 180 units is expected by the end of the plan. The demand for each period is given in what follows. How much should the company produce each period? What will be the ending inventories in each period? All periods have the same number of working days
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