Answered step by step
Verified Expert Solution
Question
1 Approved Answer
plz answer asap correctly...I'll be very thankful Q.1. The usage forecast for a consumption material is shown below: Month Forecast Month Forecast January 12,300 units
plz answer asap correctly...I'll be very thankful
Q.1. The usage forecast for a consumption material is shown below: Month Forecast Month Forecast January 12,300 units April 13,800 units February 12,000 units May 15,000 units March 12.700 units June 15.200 units It normally take one month from the date of order to secure this material. Required: (05 Marks) a) The order point to establish during the forecast period. b) Computation showing the minimum Stock to carry. c) Computation showing the Maximum Inventory, if the standard order quantity is 14,000 unitsStep 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