Economic Order Quantity Assignment
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For this assignment, you will calculate quantities and annual costs to answer two supply chain questions. When you finish, submit your answers for review by your instructor.
A distribution center sells Sony televisions to retailers at a constant demand rate of 20,000 units per year. It costs the distribution center $500 to place an order. Also, the price the distribution center pays the manufacturer for each unit is $350. The inventory holding cost is $30 per unit per year. The material cost is $250 per unit. Assume that the lead time from the manufacturer to the distribution center is zero years, and that the initial inventory at the distribution center is zero units. Calculate the economic order quantity and the total annual cost.
Calculate the total annual cost change if the order quantity had to be decreased to 250 units per order.
|Excellent (4)||Good (3)||Needs Improvement (2)||Poor (1)|
|Computational accuracy and business language use||Answers have no computational errors and very few grammatical errors. Very well written and excellent use of business language.||Answers have a few computational errors. Few grammatical errors that don’t affect meaning. Well written and use of business language is acceptable.||Answers have some computational errors.. Some grammatical errors but generally don’t affect meaning. Language is satisfactory overall but use of more appropriate business language is required.||Answers have numerous computational errors. Numerous grammatical errors that affect meaning. Language used is unprofessional and not appropriate for business use.|
|Calculation Organization and Formatting||Relevant steps are included, and each is organized effectively. Formatting is professional and consistent and includes all required elements.||Relevant steps are included but could be a little better organized. Formatting is acceptable and/or one or two required elements are missing.||Relevant steps are included but organization could be improved. Formatting is inconsistent and/or many elements are missing or not formatted appropriately.||steps are missing and/or poorly organized. Formatting is messy and unprofessional.|
|Analysis/Thinking||Analysis is comprehensive and detailed. Thinking and ideas are presented clearly, are engaging and thorough.||Analysis is sufficient. Thinking and ideas are clear but could be expanded to be more thorough.||Analysis is fairly basic and/or thinking and ideas lack some clarity and depth.||Analysis is very basic and thinking and ideas are superficial and lack clarity.|
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