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High Tech Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked an dpackaged, and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that they stock, sell and ship.

Average demand- 12.5 calculators per week

Lead time- 3 weeks

Order cost- $20/order

Holding cost- 1.20/calculator/year

Number of weeks- 52 weeks per year

Standard deviation of weekly demand- 3.75 calculators

SKU service level- 90%

Curront on-hand inventory-- 35 calculators

Scheduled receipts- 20 calculators

Backorders- 2 calculators

-- What is the reorder point with safety stock?

-- Based on the previous info, should a fixed order quantity be placed, and if so, for how many calculators?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91756281

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