In: Operations Management
Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7,500 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 11% of the items in inventory are A items, 32% are B items, and 57% are C items. She would like to set up a system in which all A items are counted monthly (every 18 working days), all B items are counted quarterly (every 59 working days), and all C items are counted semiannually (every 119 working days). How many items need to be counted each day?
The total number of items that need to be counted each day is _______ items (round your response to the nearest whole number).
A Category Item constitute 11% of 7500 items.
Hence, Number of A category Item = 7500*11% = 825 item
Since A category are to be counted every 18 working days.
Hence, Number of A category items to be counted per day = 825/18 = 45.83 = 46 items
B Category Item constitute 32% of 7500 items.
Hence, Number of B category Item = 7500*32% = 2400 item
Since B category are to be counted every 59 working days.
Hence, Number of B category items to be counted per day = 2400/59 = 40.68 = 41 items
C Category Item constitute 57% of 7500 items.
Hence, Number of C category Item = 7500*57% = 4275 item
Since C category are to be counted every 119 working days.
Hence, Number of C category items to be counted per day = 4275/119 = 35.92 = 36 items
Total Number of Items needs to be counted every day = 46+41+36 = 123 items