An average annual consumption of a material is 18,250 units at a price of ETB 36.50 per unit. The storage cost is 20% of an average inventory and the cost of placing an order is ETB 50. How much quantity is to be purchased at a times?
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an explanation of how inventory aggretion may change the structure of the supply chain.Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Please include/fill the table and solve for EOQ. Thank you so much!
- Please solve all questions in 30min please Alimin Sdn. Bhd’s plant experiences a daily demand of 100 units of component B that is purchased from a supplier at RM25 per unit. The plants operate 360 days per year. The plant has been using continues review policy for replenishment of the component, with an order size of 400 units. The cost of placing including delivery is RM20 and the annual holding cost per unit is RM4. In order to minimize total annual inventory cost, the company is now considering to use economic order quantity (EOQ) model. Required: a. Calculate total annual inventory cost of component B by using the current policy. b. Calculate the order size by using EOQ formula. c. Calculate total annual inventory cost that the company can save if it uses EOQ. d. Assuming the lead time is 3 days, compute re-order point of component B. Note: Total annual inventory cost = Ordering costs + Holding CostsA local electronic repair shop uses 12,500 units of mobile batteries each year. It costs RO 25 to place and receive an order. The cost of material is RO 16 per unit and carrying cost is 10% of the cost per unit. Calculate the Economic Order Quantity for the shop, number of orders and total inventory costs.A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing an order and receiving a shipment of sugar involves a cost of P 135. Annual carrying costs are P 630 per bag. The bakery operates 280 days per year. Lead time = 2 weeks. What is the average number of bags on hand? When should the bakery order for more sugar? How many times per year will the bakery order for sugar?
- Annual demand for the notebook binders at Duncan's Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days. Calculate the reorder point for the notebook binders that she stocks. The reorder point for the notebook binders isunits (round your response to the nearest whole number).Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Thank you so much!K Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,700 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $31 per order. a) What is the economic production quantity? units (round your response to two decimal places).
- Annual demand for the notebook binders at Duncan's Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days. Calculate the reorder point for the notebook binders that she stocks. The reorder point for the notebook binders is units (round your response to the nearest whole number).Fresco Inc. manufactures sour pops annually which requires 0.4 kilograms of raw material. The company produces and sells 1,600, 000 sour pops annually. The cost to place a single order is $60 per hour which takes four (4) hours on average. The annual carrying cost of inventory is 4% per annum and currently, the company orders twenty (20) times per year. A major supplier has offered some incentives for bulk purchases and as the junior cost accountant you were asked to provide your professional opinion on the optimal order size. A 3% discount would be given if the entity doubles its current lot size. A further 2% would be given if the entity increased its order by two and a half times the current lot size. The material is currently bought from its supplier for $120 per kilogram. Required: (a) Calculate the Economic Order Quantity (EOQ). (b) Calculate the total cost based on the EOQ. (c) Calculate the total cost for each alternate order quantities, including the current policy. (d) What…Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs consist of P10 for placing a long-distance call to make the order and P40 for delivering the order by truck to the company warehouse. Each Chip costs P100 and the carrying costs are estimated at 15.625% of the inventory cost. If the EOQ for Chip is 80 and the total ordering cost is P625. Compute for the Total Carrying Costs.