Read Hardy Hospital on page 370 of textbook.
What are good estimates of order cost and inventory-holding cost? (State all assumptions and show all computations.)
What is the EOQ and reorder point with safety stock for Strike Disinfectant given your answer to question 1?
Compute the total order and inventory-holding costs for a fixed-quantity system (FQS) and compare to the current order Q’s. Can you save money by adopting an FQS?
What are your final recommendations, including what you would recommend regarding regular and special orders, the state bidding system, and overall control of the university materials-management system? Explain the reasoning for your recommendations.
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