re-order point/level = daily demand * lead time
= (Annual Demend/Operation Day) * lead time
Find total cost when quantity = 0.
To calculate total revenue you simply multiply the quantity by the price. Total revenue includes expenses; therefore, total revenue isn't the same as profit.
Well if you're given the total cost of 0 units, then that would be your fixed cost as FC doesn't vary with any change in the total output produced (quantity).
We can calculate using following methods 1 - High-Low method 2 - Regression analysis method 3 - Graphical method
Those are Fixed Cost - costs which must be paid for any output level (sunk costs)
) Reorder Level - Maximum Consumption x Reorder Period Reorder Period = is the amount of time from the point at which you determine the need to order to the point at which the inventory is on hand and available for use But Re Reorder Quantity is - How much quantity to be ordered when stock reached below reorder level - Anurag
Reorder point is deals with the specific time in which you should place an order with your supplier. Reorder level is the specific quantity that you should have on hand when your order is placed.
The following formula can be used to find the reorder levels:Normal stock plus the product of average demand and lead time is the formula for the reorder level.
EOQ=if(Abc classification="dead stock,0,round(sqrt((2/annual forecast*order cost)/(avarage cost*inventory cost)),0))
A reorder level system is a method used in inventory management to determine the point at which new inventory should be ordered. It calculates the reorder level by considering factors such as lead time, demand rate, and safety stock to ensure that sufficient stock is available to meet customer demand while minimizing excess inventory. When the current inventory level drops to the reorder level, a new order is triggered to replenish stock.
what is the difference between Re oreder level and EOQ
Level of stock at which order is made for new stock.
Reorder the letters according to the color: "What is my name in capitals"
You can calculate quantity in Excel with the SUM function.
Daily Usage X # Of Days to receive Order X Safety Factor
reorder
To identify and calculate deadweight loss in a market, one can look at the difference between the quantity of a good or service that is produced and consumed at the equilibrium price and the quantity that would be produced and consumed at the socially optimal level. Deadweight loss can be calculated by finding the area of the triangle formed by the supply and demand curves where the quantity traded is less than the socially optimal level.