📘 inventory management

1. **State the problem:** A manufacturer uses 25000 units per year at a uniform rate. We need to find:

1. **Problem Statement:** Calculate the combined standard deviation of lead time and demand using the formula $$S_c = \sqrt{t \times S_d^2 + d^2 \times S_t^2}$$ where $S_t$ is the

1. The problem asks whether cycle counting is an inventory accuracy audit technique that takes place once a year. 2. Cycle counting is a method used in inventory management to cont

1. The problem asks whether the safety stock is zero when the desired service level is 50%. 2. Safety stock is extra inventory held to prevent stockouts due to demand variability o

1. **State the problem:** We have 550 items classified into three classes A, B, and C with percentages 15%, 30%, and 55% respectively. We need to find: - Total number of C items

1. **Stating the problem:** Calculate the store ledger for July 2012 using the FIFO (First In, First Out) method. 2. **List opening and purchases:**

1. **State the problem**: We need to find the optimal order quantity to minimize total inventory costs given annual demand $D=20000$ units, order cost $S=40$, carrying cost rate $H