Inventory control system:.
a. Using the Master Production Schedule for Product A1 and Product...
Business, 19.05.2020 16:59 juelchasse
Inventory control system:.
a. Using the Master Production Schedule for Product A1 and Product A2 to find determine Annual Demand for this two items.
b. Find the optimal reorder points and the optimal reorder quantity for each product using a Q, R system considering a desired service level of 95%.
Month Days
Jan 21
Feb 19
March 21
April 22
May 22
June 20
July 22
Aug 22
Sept 20
Oct 22
Nov 19
Dec 21
Assume setup cost is $100/batch. State the assumptions required for the inventory control system. Discuss your finding.
Answers: 1
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