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solve in excel please A certain restaurant uses 5,000 bottles of wine every year. The wine costs $3,000 a bottle. Placement of each order costs
solve in excel please
A certain restaurant uses 5,000 bottles of wine every year. The wine costs $3,000 a bottle. Placement of each order costs $10,000 and maintenance costs are 20% of the purchase price. The order takes four weeks to arrive. The restaurant closes two weeks a year Currently the tocal orders every 2 weeks, calculate a) What is the current tote size? b) What is the reorder point? You want to use an inventary system that minimizes the cost of this C) What is the economic order quantity that must be ordered? d) What is the rearrangement point? el What is the cost of carrying out this plan? f) How much does the economic order quantity change if demand doubles, the ordering cost is reduced by two-thirds, and the inventory cost increases by 25% ? There is the possibility of entering into a contract with a new supplier. Which offers bottles of wine for $3,050, but order collection costs would drop to $5,000 and orders would only take two weets to arrive. g) Is it convenient for you to change suppliers compared to the previous optimal situation? Calculate the costs incurred when using this new supplier n ) If this new supplier takes 3 weeks to ship the products, what would be the reorder pointStep by Step Solution
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