From the following figures relating to two components X and Y, compute Reorder Level, Minimum Level, Maximum Level and Average Stock Level.
|
Particulars |
Component X |
Component Y |
|
Maximum consumption per week |
75 units |
75 units |
|
Average consumption per week |
50 units |
50 units |
|
Minimum consumption per week |
25 units |
25 units |
|
Reorder period |
4 to 6 weeks |
2 to 4 weeks |
|
Reorder quantity |
400 units |
600 units |