'11.8. A company stocks an SKU with a weekly demand of 225 units and a lead time of 3 weeks. Management will tolerate one stockout per year. If sigma for the lead time is 175 and the order quantity is 800 units, what is the safety stock, the average inventory, and the order point
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Ответ:
a. 261 units
b. 661 units
c. 936 units
Explanation:
Safety stock, average inventory, and the order point can be calculated as follows according to their formulas.
DATA
Weekly Demand = 225 units
Lead time = 3 weeks
Annual Demand = 225 units x 52 weeks = 11,700 units
sigma = 175
Order Quantity Q = 800
Solution
No of orders per year = Annual demand/order quantity
No of orders per year= 11700/800
No of orders per year= 14.625 orders
Service level = (no of orders-1)/no of orders
Service level = (14.625-1)/14.625
Service level = 93.16 %
Saftey factor for 93.16 is 1.49
Saftey stock = 1.49 \sigma
Saftey stock = 1.49 * 175
Saftey stock = 260.75 OR 261 units
Average inventory = Q/2 + saftey stock
Average inventory = 800/2 + 261
Average inventory = 400 + 261
Average inventory = 661
Order point = Demand during the lead time + safety stock
Order point= 225 x 3 + 261
Order point= 936 units
Ответ:
Please see the answer below
Explanation:
A vice-president typically has a high level of responsibility in the company as compared to the HR Professional. VP oversees a significant portion of the company as well as to look after the all the company’s functions when CEO is not available. While the person in Human Resource is limited responsibility and should not be compared with VP. The Vice President salary is also commensurate with the amount of expertise, previous experience and the amount of risk that is associated in performing the duties of the post to keep the company profitable and in good standing.