What is rop and inventory
Problem: Develop the inventory profile of EOQ model for 12 days where lead time 3 days, usage rate 80 units/day and EOQ is 400 units. What is ROP and inventory at day 12?
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(a) What is the economic order quantity (EOQ)?(b) What is the ROP? (c) What is the safety stock? (d) Find the total inventory level in the system
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Develop the inventory profile of EOQ model for 12 days where lead time 3 days, usage rate 80 units/day and EOQ is 400 units.
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