Safety Stock and Reorder Point Essay Assignment
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Safety Stock and Reorder Point Essay Assignment
Safety Stock and Reorder Point
Consider the following data.
Inventory Item Average Demand (Annual) Sigma (Std. Dev.) of Demand During Lead Time Item Unit Cost F-11001 15,000 100 $250.00 K-12002 100,000 300 $2.00 L-13003 250,000 200 $0.20 N-14004 300,000 400 $1.00 P-21001 50,000 60 $125.00 S-22002 80,000 75 $30.00 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.
Assignment 2 Grading Criteria Maximum Points Developed a table showing the safety stocks, and inventory costs associated with the safety stocks, for each product at each service level. 30 Developed a table showing the reorder points for each product at a 90% service level (assuming a two month lead time). 15 Used correct spelling, grammar, and professional vocabulary. Cited all sources using APA format. 5 Total: 50
LAWS 310
LAWS 310
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.
Every day we read stories of people who engage in deception on the internet, whether it is creating a dating profile which bears no likeness to what they really look like, or students who find information and pass it off as their own work. Should there be ethical standards for behavior on the internet? What would you propose and how could those standards be enforced? Should people be able to say or do whatever they choose in an online environment? Are there circumstances in which information on the internet should be censored? How do the United States and China differ in how each country allows its citizens’ access to information on the internet?
Safety Stock and Reorder Point Essay Assignment
Safety Stock and Reorder Point Essay Assignment
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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