Your Perfect Assignment is Just a Click Away

Starting at $8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

glass
pen
clip
papers
heaphones

LOGM 3220 Albany State University Supply Chain Question

LOGM 3220 Albany State University Supply Chain Question

Question Description

  • 1)[10 points] List the types of inventory. Explain each type in 1-2 sentences.
  • 2)[10 points] What are types of inventory costs? What is the tradeoff between inventory carrying costs and ordering costs?
  • 3)[10 points] Explain a situation in which you experienced a stockout. What did you decide to do in that situation? How can stockout costs be calculated?
  • 4)[10 points] What are the differences between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why? Explain in a paragraph about 150-200 words.
  • 5)[10 points] A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. Assume that the lead time for the EOQ model is appropriate. What is the cost-minimizing order quantity? What is the total annual inventory (holding and ordering) costs? Show all calculations to earn credit.
  • 6)[10 points] A department store sells 10,000 units of handbags per year. The store orders handbags from a manufacturer. Each time an order is placed, an ordering cost of $40 is incurred. The store pays $30 for each handbag. The holding cost of $1 of inventory is 25 cents per year. (i.e. inventory holding rate is 25%). What is the economic order quantity? Show all calculations to earn credit.
  • 7)[30 points] A firm that assembles electronic circuits has an average demand of 125,000 units per year. However, the demand is stochastic (i.e. it can change over the time). To meet with the variability in demand, the management has decided to keep a safety stock that is worth of 3 days demand.
    • a)What is the economic order quantity?
    • b)What is the required safety stock?
    • c)What is the reorder point?
  • 8)[10 points] What is vendor managed inventory (VMI)? Provide few examples of VMI. How does vendor-managed inventory differ from traditional inventory management? Explain in a paragraph about 150-200 words.

Each time an order is placed, a setup cost of $200 is incurred. Holding cost per item is $0.50 per unit per year. The lead time for the electronic circuits is 5 days. (Assume that the firm works for 250 days per year).


"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter


1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.