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Jill's Job Shop buys two parts ( Tegdiws and Widgets ) for use in its production system from two different suppliers. The parts are needed
Jill's Job Shop buys two parts Tegdiws and Widgets for use in its production system from two different suppliers. The parts are needed throughout the entire week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows:
ITEM TEGDIW WIDGET
Annual demand
Holding cost of item cost
Setup or order cost $ $
Lead time weeks week
Safety stock units units
Item cost $ $
What is the reorder quantity and reorder point for Tegdiws?
Note: Round your answers to the nearest whole number.
What is the inventory control system for Widgets?
Note: Round your answer to the nearest whole number.
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