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Please show all the work to get there. Thanks1 Q1 Q2 Q3 Calculate the reorder point and the annualized cost of safety stock for the
Please show all the work to get there. Thanks1
Q1
Q2
Q3
Calculate the reorder point and the annualized cost of safety stock for the situation in which daily demand is 148 , the lead time is 13 days, the standard deviation of demand during lead time is 19 , the desired service level is 98%, the opportunity cost of capital is 25%, and the items unit cost is $80. Click the icon to view the table for the z-values for the given probabilities. The stochastic reorder point is units. (Enter your response rounded up to the next whole number.) Reference The following quantity discount is offered to a company that purchases 135,000 units of the product annually. Each time an order is placed, the company incurs a cost of $65. If the company's carrying charge is 23% of the price of the item, what order quantity should it use to minimize its total inventory-related costs? The company's decision would be to order units. (Enter your response rounded to the nearest whole number.) As a part of its procurement strategy, a company is evaluating whether it should switch to a new supplier. A part of the evaluation will focus on the price schedules that the two suppliers are offering. The annual demand for the product is 250,000 units. The cost of placing an order, independent of the supplier or the order quantity, is $210, and the carrying charge is estimated to be 17% of the item's price. Which supplier and what order quantity should the company use if its objective is to minimize its total related inventory costs? Click the icon to view the quantity discount schedule of supplier A. Click the icon to view the quantity discount schedule of supplier B. The company should order units from Supplier . (Enter your response rounded to the nearest More Info More InfoStep by Step Solution
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