Store is open 7 days/week. orders units every other week. maintains safety stock of 120 units....

Store is open 7 days/week. orders units every other week. maintains safety stock of 120 units. weekly sales is 800 units. lead time is 3 days. current inventory is 350 units, how many units should it order?

Expert Solution

Weekly sales = 800 units

As the units are ordered every other week, the total sales in 2 weeks period = 2*800 = 1600 units

Current inventory = 350 units

Safety stock to be maintained = 120 units

Thus, the number of units to be ordered = Total demand - current inventory + safety stock + lead time*sales per day

= 1600 - 350 + 120 + 3*(800/7) = 1713 units

orchestra answered 2 years ago

A grocery store is open 24 hours a day, seven days a week. It has the...

A grocery store is open 24 hours a day, seven days a week. It has the following daily requirements for cashiers: Time Minimum # of cashiers 0100 – 0400 7 0400 – 0700 4 0700 – 1000 9 1000 – 1300 12 1300 – 1600 15 1600 – 1900 17 1900 – 2200 19 2200 – 0100 13 A cashier may start work at the beginning of any one of the shifts and, having begun, works 9 consecutive hours. Each...

. Larry Kraft owns a restaurant that is open 7 days a week. He has 25...

. Larry Kraft owns a restaurant that is open 7 days a week. He has 25 full-time employees, but he has fairly high employee turnover. He believes that he can stabilize his workforce if he has a pension plan for his employees. Larry hears about a small business retirement plan called the SIMPLE IRA. a) What are the qualifications and limitations for him to establish this plan? b) What is another type of plan that he could offer and...

Saché, Inc., expects to sell 1,120 of its designer suits every week. The store is open...

Saché, Inc., expects to sell 1,120 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 920 suits and a safety stock of 160 suits. Once an order is placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermediate calculations and round your answer...

QUESTION 2 [9 marks] The Amalgamated Parcel Service is open 7 days a week. The schedule...

QUESTION 2 [9 marks] The Amalgamated Parcel Service is open 7 days a week. The schedule of requirements is as follows: Monday Tuesday Wednesday Thursday Friday Saturday Sunday 6 3 5 3 7 2 3 Requirements The Manager needs a workforce schedule that provides each employee with TWO consecutive daysoff per week and minimizes the total amount of slack capacity. a. Prepare and present a work schedule highlighting the days off. b. Indicate the total number of workers that the...

A clothing store is open each day for 12 hours. On average, the store gets 120...

A clothing store is open each day for 12 hours. On average, the store gets 120 customers per day. Round each answer below to the nearest hundredth. a. Find the probability that the store gets 140 or more customers today. b. Find the probability that the store gets 15 or more customers in the first hour of business. c. Find the probability that the store gets 40 or more customers in the first three hours of business. **Please show me...

The forecast for each week is 50 units each week and customer orders are as shown...

The forecast for each week is 50 units each week and customer orders are as shown in the table below. The beginning inventory level is 0 and the production lot size is 75. Determine Available-to-promise inventory under the condition that “schedule production when the projected on-hand inventory would be negative without production”. June July 1 2 3 4 1 2 3 4 Forecast 50 50 50 50 50 50 50 50 Customer order (committed) 52 35 20 12

MW is a large discount store that operates seven days per week. The store needs the...

MW is a large discount store that operates seven days per week. The store needs the following number of full-time employees working each day of the week. Sunday Monday Tuesday Wednesday Thursday Friday Saturday # of Employees 188 88 112 140 136 172 212 Each employee must work five consecutive days each week and then have two days off. For example, any employee who works Sunday through Thursday has Friday and Saturday off. The store currently has a total of...

A department store sells 10,000 units of handbags per year. The store orders handbags from a...

A department store sells 10,000 units of handbags per year. The store orders handbags from a manufacturer. Each time an order is placed, an ordering cost of $40 is incurred. The store pays $30 for each hand bag. The holding cost of $1 of inventory is 25 cents per year. (i.e. inventory holding rate is 25%). What is the economic order quantity?

A firm works 5 days a week. Every employee must work exactly 2 full days and...

A firm works 5 days a week. Every employee must work exactly 2 full days and 3 half-days each week. A half-day can be either morning or afternoon, and two half-days cannot be held on the same day. How many possible different weekly schedules are there? if the firm has 374 employees, how many people must have the same work schedule for a particular week? What is the smallest number of employees needed to guarantee at least 7 workers have...

Al’s Florist places orders for vases every 12 days. Once an order is placed, it takes...

Al’s Florist places orders for vases every 12 days. Once an order is placed, it takes four days for it to arrive. The store sells on average 30 vases per day, with a standard deviation of 8. Al’s wants to ensure that it can satisfy 90% of the customers who demand vases. Assume that the sales representative just walked in the door and there are currently 7 vases in the back. a) How many vases would you order? b) What...

Question