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    Fahad Yaqoob

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    Muhammed Mudaser Yaqoob
    This document analyzes inventory data from a shop over 30 weeks to calculate reorder points and safety stock levels. It finds that with a reorder point of 959 and a safety stock of 107, the shop would achieve a 99% service level. However, it notes that the shop's current safety stock level is -701, indicating safety stocks are not being properly maintained. It concludes that to determine the optimal order quantity, carrying cost and ordering cost data is also needed in addition to the information provided.

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    Fahad Yaqoob

    Uploaded by

    Muhammed Mudaser Yaqoob
    6 views2 pages
    This document analyzes inventory data from a shop over 30 weeks to calculate reorder points and safety stock levels. It finds that with a reorder point of 959 and a safety stock of 107, the shop would achieve a 99% service level. However, it notes that the shop's current safety stock level is -701, indicating safety stocks are not being properly maintained. It concludes that to determine the optimal order quantity, carrying cost and ordering cost data is also needed in addition to the information provided.

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    This document analyzes inventory data from a shop over 30 weeks to calculate reorder points and safety stock levels. It finds that with a reorder point of 959 and a safety stock of 107, the shop would achieve a 99% service level. However, it notes that the shop's current safety stock level is -701, indicating safety stocks are not being properly maintained. It concludes that to determine the optimal order quantity, carrying cost and ordering cost data is also needed in addition to the information provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views2 pages

    Fahad Yaqoob

    Uploaded by

    Muhammed Mudaser Yaqoob
    This document analyzes inventory data from a shop over 30 weeks to calculate reorder points and safety stock levels. It finds that with a reorder point of 959 and a safety stock of 107, the shop would achieve a 99% service level. However, it notes that the shop's current safety stock level is -701, indicating safety stocks are not being properly maintained. It concludes that to determine the optimal order quantity, carrying cost and ordering cost data is also needed in addition to the information provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    week x x^2

    1 38 1444
    2 51 2601
    To achive desired service level
    3 25 625
    4 60 3600 Average 42.56667
    5 35 1225 sum of x^2 57499
    6 42 1764 Std Dev 10.2329
    7 29 841 Lead time 20
    8 46 2116 For 99% service Level the value of z is 2.33thus
    9 55 3025 z 2.33
    10 19 361 Safety stock 106.6276 107
    11 28 784
    12 41 1681 Reorder point 958.3333 959
    13 37 1369
    14 44 1936
    15 45 2025
    16 56 3136
    17 62 3844
    18 53 2809
    19 46 2116
    20 41 1681
    21 52 2704
    22 38 1444
    23 49 2401
    24 46 2116
    25 47 2209
    26 41 1681
    27 39 1521
    28 50 2500
    29 28 784
    30 34 1156
    Current servise level

    Reorder Point 150


    Safety stock -701.3333

    this clearly shows that the safety


    stocks are not being mantained by
    the shop

    To calculate optimum order


    quantity we need to know Carrying
    Cost and ordering cost in addition to
    the information provided

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