Joe Henry‘s machine shop uses 2.540 brackets during the course of ayear. These brackets are purchased from asupplier 90 miles aiiiiiay. The following inlormation is known about the brackets: Annual demand 2.540
Holding cut per bracket per year $1.50
Order cost per order $18.75
Lead time 2 days
Working days per year 250 a) What is the EOQ'.J 251 units (roundyour response lo hm decimal places). b)What is the average inventory if the E00 is used? 125.5 units (round your response to two decimal places).
What would be the annual inventory holding cost? $ 188.25 (mimdyourresponse to rim decimal places). CiGiven the EOQ, how many orders will be made annually? 9.8 orders (roundyour response lo two decimal places).
What would be the annual order cost? $ 99.17 (rotmdyour response to M0 decimal places). diGiven the E00. what is the total annua cost of managing [ordering and holding) the inventory”? 9; 0 (romdyour response lo two decimal places). e)What is the time between orders" 25.00 days (roundyour response to MD decimal places). D What is the reorder point (ROP)? 20 units (round your response to two decimal places).