Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 five 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started