Concept Ch 12 – Illustrating a Fixed-Period Inventory System
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Can you provide an example of a fixed-period inventory system?
Can you provide an example of a fixed-period inventory system?
What is the rationale behind the inclusion of safety stock in probabilistic inventory models?
What does inventory manager consider for most critical A-items when using ABC?
Given the amount of sub-components produced per day and per year, working days, holding cost, and ordering cost…. figure out the economic production quantity, production runs per year, max inventory level, and the holding inventory.
Given the bath towels used per day, the standard deviation, and the days of lead time necessary… find the reorder point and safety stock necessary.
Determine how many to order each time, the number of orders per year, days between orders, average inventory, and order cost.
Classify the inventory items at Boreki Enterprise into ABC classifications.
Determine the optimal stocking level for Enrique Correa’s bakery to maximize profit.
Sells cakes and day-old cakes and asks for optimum stocking level.
Calculate the cost of underestimating, overage cost per program, the ideal number of programs to order per game, and stockout risk.