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JH Holdings manufactures several products. Recently, there have been many issues with their inventory running out of stock for component Z . Management has decided
JH Holdings manufactures several products. Recently, there have been many issues with their inventory running out of stock for component Z Management has decided to look closely at inventory levels and estimates:
Lead Time to weeks
Demand to Ounces per week
Holding cost is estimated at of cost
Cost of placing an order $
Cost $ Ounce
Demand Ounces per annum
With the above information, calculate the following:
Reorder level
Economic Order Quantity EOQ
Minimum level
Maximum level
Average stock
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