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Following information is available in respect of a particular material used by CTLS Limited. Minimum materials consumption - 80 units per day Maximum materials consumption
Following information is available in respect of a particular material used by CTLS Limited.
Minimum materials consumption - 80 units per day
Maximum materials consumption - 120 units per day
Re-order quantity - 4 800 units
Re-order period - Minimum 20 days Maximum 30 days
Using the above information, calculate;
i. Re-order level
ii. Maximum stock level
iii. Minimum stock level
iv. Average stock level
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