# [Answered] Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year….

given the following information formulate an inventory management system

 Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.
 Item cost \$ 11.00 Standard deviation of weekly demand 30 per week Order cost \$ 257.00 Lead time 1 week Annual holding cost (%) 32 % of item cost Service probability 90 % Annual demand 26,900 Average demand 538 per week
 a. Determine the order quantity and reorder point. (Use Excel’s NORMSINV( ) function to find your z-value and then round that z-value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.)
 Optimal order quantity units Reorder point units
 b. Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.)
 Holding cost \$ Ordering cost \$
 c. Assume a price break of \$55 per order was offered for purchase quantities of 2,000 units per order. If you took advantage of this price break, how much would you save annually? (Do not round any intermediate calculations (including number of setups per year). Round your final answer to 2 decimal places.)
 Annual savings \$

given the following information formulate an inventory management system

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[Answered] Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year….
Get a 15% Discount on this Paper

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Other
GREAT
Customer 452813, June 20th, 2022
Other
AWESOME
Customer 452813, June 20th, 2022
GREAT
Customer 452813, June 20th, 2022
Nursing
Everything was done perfectly. Thank you.
Customer 452707, June 15th, 2022
IT, Web
Don did an excellent job!!!
Customer 452885, January 25th, 2023
Human Resources Management (HRM)
Thanks for the paper. Hopefully this one will receive higher than a C and has followed all guidelines.
Customer 452701, November 16th, 2022
Nursing
Thank you for the outstanding work .
Customer 452635, June 5th, 2022
Other
good
Customer 452813, June 30th, 2022
ENVIRONMENT SCIENCE
EXCELLENT
Customer 452813, June 19th, 2022
Medicine
This has everything that was in the rubric. Thank you!
Customer 452707, May 29th, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, August 24th, 2021
Other
GREAT
Customer 452813, June 20th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Get top-notch homework help now. 20% off first 10 orders!

NEW