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  • Consider The Following Information About An End Product Item Ordering Cost

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    The document provides information about an end product item including an ordering cost of $90 per order, annual demand of 936 units, and inventory carrying cost of $2 per unit per week. It asks the reader to calculate the number of orders needed per year based on average weekly demand and to determine the optimal ordering procedure, either economic order quantity or periodic order quantity, to minimize total costs over an eight-week period based on given time-phased net requirements.

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    Consider the Following Information About an End Product Item Ordering Cost

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    The document provides information about an end product item including an ordering cost of $90 per order, annual demand of 936 units, and inventory carrying cost of $2 per unit per week. It asks the reader to calculate the number of orders needed per year based on average weekly demand and to determine the optimal ordering procedure, either economic order quantity or periodic order quantity, to minimize total costs over an eight-week period based on given time-phased net requirements.

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    © All Rights Reserved
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    18 views1 page

    Consider The Following Information About An End Product Item Ordering Cost

    Uploaded by

    Charlotte
    The document provides information about an end product item including an ordering cost of $90 per order, annual demand of 936 units, and inventory carrying cost of $2 per unit per week. It asks the reader to calculate the number of orders needed per year based on average weekly demand and to determine the optimal ordering procedure, either economic order quantity or periodic order quantity, to minimize total costs over an eight-week period based on given time-phased net requirements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    (SOLVED) Consider the following information about an end

    product item Ordering cost

    Consider the following information about an end product item:

    Ordering cost = $90/order

    Annual demand = 936

    Inventory carrying cost = $2/unit/week. (Notice


    GET THE ANSWER>> https://solutionlly.com/downloads/consider-the-following-information-
    about-an-end-product-item-ordering-cost

    Consider the following information about an end product item:

    Ordering cost = $90/order

    Annual demand = 936

    Inventory carrying cost = $2/unit/week. (Notice the unit change)

    a. How many orders should we place per year (52 weeks) to replenish inventory of the item
    based on average weekly demand?

    b. Given the following time-phased net requirements from an MRP record for this item,
    determine the sequence of planned orders using economic order quantity and periodic order
    quantity procedures. Assume lead time equals zero and current on-hand inventory equals zero.
    Calculate the inventory carrying cost on the basis of weekly ending inventory values. Which
    procedure produces the lowest total cost for the eight-week period?

    GET THE ANSWER>> https://solutionlly.com/downloads/consider-the-following-information-


    about-an-end-product-item-ordering-cost

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