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Calculate the annual demand for each component of Model A and Model C
Calculate the EOQ for each component of Model A and Model C
Different from last week, use the cost for the Legos … 1 x 1 piece = $0.12
Adjust inventory levels as compared to current on-hand quantities of each component
Calculate inventory costs saving based on your EOQ calculation
Deliverable for this Section:
Summary demand for Model A and Model C of annual demand
Table showing your EOQ calculations for each Lego component of Model A and Model C
Table showing savings … comparing current inventory with proposed (EOQ calculated inventory). Note there are at least three areas of savings: material savings, holding savings, and ordering savings.
Order from us for quality, customized work in due time of your choice.