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Inventory Management Homework

Inventory Management Homework - year set-up costs $200.00...

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Inventory Management 1. List the four types of inventory. 2. Describe ABC inventory analysis in one sentence. What are some policies that may be based upon the results of an ABC analysis? 3. What is cycle counting? 4. Lead time for one of Montegut Manufacturing's fastest moving products is 4 days. Demand during this period averages 100 units per day. What would be an appropriate re-order point? 5. Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 100 per day, while demand is 40 per day. Holding costs are $1.00 per unit per
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Unformatted text preview: year; set-up costs $200.00. If they wish to produce this product in economic batches, what size batch should be used? What is the maximum inventory level? How many order cycles are there per year? How much does management of this good in inventory cost the firm each year? 6. Perform an ABC analysis on the following set of products. Item Annual Demand Unit Cost A211 1200 $9 B390 100 $90 C003 4500 $6 D100 400 $150 E707 35 $2000 F660 250 $120 G473 1000 $60 H921 100 $75...
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