Start learning 50% faster. Sign in now
The ordering level, also known as the reorder point, can be calculated based on the minimum stock level and the lead time for receipt of materials. The ordering level is the point at which a new order should be placed to replenish the stock before it reaches the minimum stock level. It ensures that there is sufficient stock available to meet demand during the lead time. The formula to calculate the ordering level is as follows: Ordering Level = (Daily Consumption * Lead Time) + Minimum Stock Given the information: Minimum Stock = 1000 units Maximum Stock = 2000 units Time required for receipt of material (Lead Time) = 15 days Daily consumption of materials = 50 units Ordering Level = (50 units * 15 days) + 1000 units Ordering Level = 750 units + 1000 units Ordering Level = 1750 units So, the ordering level is 1750 units. When the stock level reaches 1750 units, a new order should be placed to replenish the stock before it falls below the minimum level of 1000 units.
'Anil' and 'vineet' entered into a business with an investment of Rs.40,000 and Rs.50,000, individually. After 4 months, 'shreya' joined them with an in...
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 4 months and again withdraws half of the remaining sum after 2 months....
‘M’ started a business with an investment of Rs. 4500. After 2 months ‘N’ joins the business with an investment of Rs. 3000. If the total profit...
A and B started a business. After 3 years they received Rs 1245 as profit in which A's share is Rs 720, then find the ratio of investment of A and B.
In a business, A invested Rs. 1200 more than that by B. After 8 months, A left the business. If at the end of the year, profit earned by B is equal to t...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:2:9, respectively. At end of the year, if the difference be...
Lalita and Meru started a business with investments in the ratio 5:8, respectively. After 4 months, Lalita increased her investment by 40%, while Meru d...
‘A’ and ‘B’ started a business by investing certain sum in the ratio 5:4, respectively for 6 years. If 19% of the total profit is donated in an ...
Two partners Aradhya and shivangi opened an electronic shop with the capital of Rs. 14000 and Rs. 98000 respectively. In what ratio the profit will be ...
A man invested ₹50,000 in a business. After 6 months, another partner joined with ₹80,000. At the end of the year, the total profit was ₹60,000. F...