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BMO2181 Operations Management

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Questions:

(i) A printing company estimates that it will require 1,000 reams of a certain type of paper in a given period. The cost of carrying one unit in inventory for that period is 50 cents. The company buys the paper from a wholesaler in the same town, sending its own truck to pick up the orders at a cost of $20.00 per trip. Treating this cost as the order cost,

(a) what is the optimum number of reams to buy at one time?

(b) How many times should lots of this size be bought during this period?

(c) What is the total minimum cost (holding and ordering) of maintaining inventory on this item for the period?

2.ii) 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

$90

H921

100

$75

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My Assignment Help. Operations Management [Internet]. My Assignment Help. 2021 [cited 17 October 2021]. Available from: https://myassignmenthelp.com/free-samples/bmo2181-operations-management/minimum-cost-holding-and-ordering.html.


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