Exercise 11.6: SURGERY ASSOCIATES, a local surgery practice group, orders implants from device…

| November 29, 2016

Question
Exercise 11.6: SURGERY ASSOCIATES, a local surgery practice group, orders implants from device manufacturers. Order quantities for ten items have been determined based on the past two years of usage. The practice is functional for fifty-two weeks a year. Need answers for:
1. perform basic EOQ analysis for each item
2. classify as to ABC anaylsis
3. Claculate yearly inventory management cost
4. determine investment cost per cycle for each item
Information from the practices inventory records:
Headings for table depicted are:
Implant Item No.= Yearly Demand (Unit/Year) – Unit Cost – Yearly Carrying Rate of Each Item – Ordering Cost:
Implant item #1= 104 – 2,225 – 12% – 6.00,
Implant item #2= 260 – 5,000 – 10% – 5.00,
Implant #3= 728 3,550 8% 12.00,
Implant item #4 = 1,248 – 1,205 – 12% – 28.00,
Implant item #5 = 104 – 11,100 – 2% – 18.00,
Implant item #6 = 1,040 – 1,500 – 20% – 32.00,
Implant item #7 = 780 – 1,900 – 11% – 50.00,
Implant item #8 = 884 – 3,700 – 9% – 12.00,
Implant #9 = 780 6,400 – 2% – 35.00,
Implant item #10 = 520 – 2,700 – 5% – 12.00.

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