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Task 1The following information is available in respect of material No. 001 Re-order quantity = 1500 units Re-order period = 4 to 6 weeks Maximum

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Task 1The following information is available in respect of material No. 001 Re-order quantity = 1500 units Re-order period = 4 to 6 weeks Maximum consumption= 400 units per week Normal consumption=300 units per week Minimum consumption== 250 units per week Calculate: 1. Re-order level 2. Minimum levell I 3. Maximum level and; 4. Average stock level

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