Introduction to Materials Management 8th Edition by Steve Chapman ,Tony Arnold ,Ann Gatewood ,Lloyd Clive

Exercise 23

Using the data from problem, calculate the order quantities that would result if the store switched to a weekly review of inventory. What effect does more frequent ordering have on order quantities?
problem
A small hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every 2 weeks and there is a 1-week lead time for delivery. Safety stock is set at 1 week's supply. The following table shows the products and the current on-hand inventory. Calculate the target level and order quantity for each of the items. Use 50 weeks per year for your calculations.