Posted: April 25th, 2022

What are good estimates of order cost and inventory-holding cost?

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P‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍repare a business report responding to Discussion Question 16.7-38 in the textbook by responding to the the FIRST three questions in the case. The assignment is to respond to the question three times; once for each of the situations presented in parts a, b, & c. (you are to ignore parts d & e). This involves naming the appropriate QC Tool(s) from the seven tools listed in section 16.7 (pages 503-507) for each situation, and explaining why. In one paragraph preview the case facts and background. Do not duplicate what is in the case itself. The body of the report addresses three questions in the case in a clear, concise and cohesive manner. This report should be business like, organized an‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍d methodical.?Please note: each question should become a section title. What are good estimates of order cost and inventory-holding cost? (State all assumptions and show all computations.) What is the EOQ and reorder point with safety stock for Strike Disinfectant given your answer to question 1? Compute the total order and inventory-holding costs for a fixed-quantity system (FQS) and compare to the current order Q’s. Can you save money by adopting an FQS? What are your final recommendations, including what you would recommend regarding regular and special orders, the state bidding system, and overall control of the university materials-management system? Explain the reasoning for your recommendatio‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ns.

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