Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A regional supermarket is open 3 6 0 days a year. Daily use of cash register tapes is 1 5 rolls. The purchase price of

A regional supermarket is open 360 days a year. Daily use of cash register tapes is 15 rolls. The purchase price of the tape is $ 2 and inventory carrying cost is 60 cents per roll a year. Ordering cost is $ 20 per order. The order replenishment lead time is 7 days.
What is the Order Point (re-order point) assuming demand is known and constant?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Management

Authors: Mark Johnston, Greg Marshall

3rd edition

1259637158, 978-1259637155

Students also viewed these General Management questions