An animal health care distributor has a Distribution Center (DC) in the Chicago IL. The company wou Show more An animal health care distributor has a Distribution Center (DC) in the Chicago IL.
An animal health care distributor has a Distribution Center (DC) in the Chicago IL. The company wou Show more An animal health care distributor has a Distribution Center (DC) in the Chicago IL.
The company would like to store penicillin that is used for companion animals at this facility. Given data below calculate the inventory management parameters as well as information required for reporting. Based on the past data it is estimated that demand for the penicillin follows normal distribution with mean equal to 1800 doses per month and standard deviation for demand is 300 doses per month. It is assumed that inventory holding rate will be 26% per unit per year and cost of each dose of penicillin is $40. In addition the company pays $150 whenever they place an order; the lead time is 6 weeks. The objective customer service level is 99%. Calculate the economic order quantity EOQ at the DC Calculate the safety stock ss Calculate the reorder point ROP..C alculate the average inventory level (AIL). Calculate the total cost expected cost of penicillin for the company Show less
Having Trouble Meeting Your Deadline?
Get your assignment on An animal health care distributor has a Distribution Center (DC) in the Chicago IL. The company wou Show more An animal health care distributor has a Distribution Center (DC) in the Chicago IL. completed on time. avoid delay and – ORDER NOW
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.