Lean Inventory Quiz Instructions
Inventory Quiz
To complete the inventory Quiz, you must follow the directions below:
Step 1: Use the values below to calculate the EOQ, Order Cost, Holding Cost, and Total Cost (hint: your quantity to calculate the costs should be the EQQ) (see pics A to E)
Step 2: Use the values below to calculate safety stock (see CSV file)
Step 3: Use the values above (from the Safety Stock Assignment) to calculate lead-time-demand (CSV file)