Recent questions and answers in Inventory Control

The actual demand for castings in a factory is $500$ units and $635$ units for the months of January $2026$ and February $2026$, respectively. The forecasted demand for J...

The inventory holding cost of an item is ₹ $0.50$ per unit per month and the ordering cost per order is ₹ $550$. A stockist needs to supply $10000$ units of the item per ...

A company uses $3000$ units of a part annually. The units are priced as given in the table below. It costs ₹ $150$ to place an order. Carrying costs are $40$ percent of t...

​​​​A company orders gears in conditions identical to those considered in the economic order quantity $\text{(EOQ)}$ model in inventory control. The annual demand is $800...

With reference to the Economic Order Quantity $\text{(EOQ)}$ model, which one of the options given is correct?$\text{Curve P1:}$ Total cost, $\text{Curve P2:}$ Holding co...

The demand of a certain part is $1000$ parts/year and its cost is ₹$1000$/part. The orders are placed based on the economic order quantity $\text{(EOQ)}$. The cost of ord...

Which one of the following is NOT a form of inventory?Raw materialsWork-in-process materialsFinished goods$\text{CNC}$ Milling Machines

The product structure diagram shows the number of different components required at each level to produce one unit of the final product $P$. If there are $50$ units of on-...

Daily production capacity of a bearing manufacturing company is $30000$ bearings. The daily demand of the bearing is $15000$. The holding cost per year of keeping a beari...

Robot $\text{Ltd}$. wishes to maintain enough safety stock during the lead time period between starting a new production run and its completion such that the probability ...

In Materials Requirement Planning, if the inventory holding cost is very high and the set up cost is zero, which one of the following lot sizing approaches should be used...

The forecast for the monthly demand of a product is given in the table below:$\begin{array}{|c|c|c|} \hline \textbf{Month} & \textbf{Forecast} & \textbf{Actual Sales} \\ ...

For a single item inventory system, the demand is continuous, which is $10000$ per year. The replenishment is instantaneous and backorders ($S$ units) per cycle are allow...

The annual demand of valves per year in a company is $10,000$ units. The current order quantity is $400$ valves per order. The holding cost is Rs. $24$ per valve per year...

A local tyre distributor expects to sell approximately $9600$ steel belted radial tyres next year. Annual carrying cost is Rs. $16$ per tyre and ordering cost is Rs. $75$...

Processing times (including setup times) and due dates for six jobs waiting to be processed at a work centre are given in the table. The average tardiness (in days) using...