|Perfect Number of Pages to Order||5-10 Pages|
Safety Stock and Reorder Point Essay Assignment
|Safety Stock and Reorder Point
Consider the following data.
Note: All items are independent demand items.
Based on the above data:
Calculate the safety stock quantities and the inventory cost associated with safety stock (based on the item unit cost) for the inventory items at four different service levels (50%, 80%, 90%, and 95%).
Develop a table to present the inventory quantities and the safety stock costs at each service level.
Assuming that demand occurs at a steady pace every month (in other words, there is no seasonality or cyclical change in the level of demand), calculate the reorder point for each item assuming a lead time of two months and a service level of 90%.
Develop a table to present the reorder points for all products under these conditions (two month lead time and service level of 90%).
Support your responses with examples.
Needs to have in-text citations and complete reference list. The paper, in-text citations, and reference list needs to be in APA format. No plagiarism.
In this week’s reading you learned of efforts by New York’s mayor, Michael Bloomberg, to ban the sale or service of soda larger than 16 oz. His objective was to address obesity. What role should the government play in dictating to consumers what food they may eat or how much food they should eat? Does government have an obligation to protect people from themselves and curtail behaviors that affect their health? What other examples have you seen where the government has passed a law affecting what consumers may buy or consume?
What is meant by product literacy? What are some of the factors that influence consumer behavior and consumer product choices? What does author Pappalardo mean when she states that “[t]here is often a difference between consumer information and consumer comprehension”?
You may combine your answers to both questions into one Word document. Your answer should be in the form of a short essay. Two or three sentences will not be sufficient. If you cite to any resources, including the text or articles from this week, you must use correct APA formatting. All submissions should include a cover page, body of text, and a references page. An abstract or table of contents is not required.
The internet has made the world smaller and enlarged our access to information. However, for every positive benefit of the internet, there is a negative aspect. We have a loss of privacy, our financial profile can be compromised, and we cannot trust all information we access on the internet. What does Justin Hurwitz mean when he states that the internet was “built on a foundation of trust”? What is the current state of this foundation of trust? You should cite to examples and resources to support your opinion.
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