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  • Spare Part Inventory Analysis Report: Normal Distribution-Curve EOQ Model

    Transféré par

    Ranjan Shankar
    35 vues1 page
    This document summarizes spare part inventory data for a bolt. It provides the part number, description, unit price, consumption history, demand forecast, cost parameters, and optimal order quantities as calculated by the economic order quantity model. The EOQ is calculated as 358 to minimize total inventory costs given an annual demand of 401, holding cost of $0.22 per unit per year, and $35 per order processing fee. Safety stock and reorder points are also provided to maintain a 75% service level.

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    Titre original

    002353826

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    This document summarizes spare part inventory data for a bolt. It provides the part number, description, unit price, consumption history, demand forecast, cost parameters, and optimal order quantities as calculated by the economic order quantity model. The EOQ is calculated as 358 to minimize total inventory costs given an annual demand of 401, holding cost of $0.22 per unit per year, and $35 per order processing fee. Safety stock and reorder points are also provided to maintain a 75% service level.

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    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    35 vues1 page

    Spare Part Inventory Analysis Report: Normal Distribution-Curve EOQ Model

    Transféré par

    Ranjan Shankar
    This document summarizes spare part inventory data for a bolt. It provides the part number, description, unit price, consumption history, demand forecast, cost parameters, and optimal order quantities as calculated by the economic order quantity model. The EOQ is calculated as 358 to minimize total inventory costs given an annual demand of 401, holding cost of $0.22 per unit per year, and $35 per order processing fee. Safety stock and reorder points are also provided to maintain a 75% service level.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    Spare Part Inventory Analysis Report

    Material #

    002353826

    Material Description

    BOLT,8T-4195,CATERPILLAR

    Unit Price

    CAD

    Plant

    StLoc.

    0611

    5 yrs
    Annual
    Cons.

    SA

    Maximum
    SoH
    Level

    Average
    Reorder Point
    Cons.

    2000

    400

    25

    50

    50

    0.88

    Lead Time in Days


    Planned Delivery
    Lead Time

    GR Processing
    Lead Time

    Latest Goods Receipt


    Date

    Latest Goods
    Issue Date

    11/17/2015

    11/7/2015

    Material Consumption for Past 5 Years or 60 Months


    002353826

    150 150
    160
    140
    120
    100100
    100
    100
    100
    80
    50
    50
    50
    50
    50
    50 50 50 50 50 50 50
    50 50
    50 50
    50
    50
    50
    50 50
    50
    50
    50
    50 50
    60
    40
    20 0
    0
    0
    0 0
    0 0 0
    0 2
    0 0
    0
    0
    0 0
    0 0
    0
    0
    0 0 0 0 0 0
    0 0
    0
    2015-12 2015-09 2015-06 2015-03 2014-12 2014-09 2014-06 2014-03 2013-12 2013-09 2013-06 2013-03 2012-12 2012-09 2012-06 2012-03 2011-12 2011-09 2011-06 2011-03

    Annual demand

    401

    Service Level

    75%

    Service Level 75%

    Per Order cost

    CAD

    35.00

    SL Factor

    0.67

    Risk of a StockOut 25%

    Holding Cost /Unit/Year

    CAD

    0.22

    Economic Order Quantity

    Normal Distribution- Curve

    358

    EOQ Model

    1600

    EOQ
    Total Holding Cost
    Total Ordering Cost
    Total Cost

    95%
    68%

    Service Level
    75%

    1400

    Risk of a
    StockOut 25%

    1200

    Cost ($)

    1000
    800
    600
    400

    EOQ
    358

    200
    0
    0.1%

    0.6%

    2.3%

    6.7%

    15.9%

    30.9%

    50.0%

    69.1%

    84.1%

    93.3%

    97.7%

    99.4%

    99.9%

    50

    100

    150

    200

    Percentile

    250

    300

    350

    400

    450

    500

    Order Quantity

    Safety Stock (SS)

    Demand During Lead Time

    Reorder Point (RoP)

    Economic Order Qty (EoQ)

    15

    11

    26

    358

    IOC
    EOQ = Economic order quantity
    Stock On Hand
    EXISTING
    MIN
    Co = Cost of procurement
    S = Annual usage
    50
    25
    Cm = Annual carrying costs
    U = Cost of the item.
    CAD
    44.00 CAD
    22.00
    DDL = Demand during Lead Time or working stock.
    S = Annual usage of the item (demand)
    Movement Type
    LT = Lead time in days.
    Ranking
    SS = Safety stock.
    SD = Standard deviation of monthly demand.
    Lead Time Ranking
    SL = Standard deviation of Lead-time.
    SL Factor = The normal distribution value which yields the desired service level factor
    Unit Cost Ranking

    IOC
    EXISTING MAX

    SKF
    MIN

    SKF
    MAX

    50

    26

    384

    CAD

    44.00 CAD

    22.88 CAD

    337.92

    SKF Remarks

    RE-ORDER POINT (ROP) WILL BE MIN AND


    RE-ORDER POINT (ROP)+ ECONOMIC
    ORDER QTY (EOQ) WILL BE MAX

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