An Office Supply Store Open Five Days a Week Must

question 52

Essay

An office supply store open five days a week must determine the best inventory policy for boxes of copier paper.Weekly demand is nearly constant at 250 boxes.When orders are placed,the entire shipment arrives at once.The cost per box is $22,and the inventory holding cost is 30%.Orders are placed at a cost of $40 each,including preparation time and communication charges,and the lead time is two days.
a.Find the optimal order quantity.
b.What is the reorder point?
c.How often should an order be placed?
d.What is the cycle time?

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Definitions:

Rent Expense

The cost incurred by a company for using or occupying property or equipment for business operations.

Administrative Facilities

Facilities and resources provided to support the management and day-to-day operations of an organization.

Utilities

Services such as water, electricity, gas, and sewer provided to consumers and businesses.

Primary Material

The main raw materials used in the production of goods or services, often a critical component in manufacturing processes.