# Yatch

Submitted By savonnah
Words 876
Pages 4
SaVonnah Osmanski
Majure Fin340
Yacht Assignment
EOQ for Supplier A= 209, Supplier B= 148
The assumptions that are implied while doing the calculations for EOQ is that sales can be forecasted, there is a constant demand, and inventory can be instantly replenished.
If Narragansett buys from Supplier A it would have to make 8 orders a year while with Supplier B it would have to place 11 orders a year. With Supplier A, it would have a reorder point of 42 winches while Supplier B has an 84 winches reorder point.
The total inventory cost Narragansett would occur when ordering through Supplier A is \$14,388. The total inventory cost through Supplier B totals \$10,174. With the total inventory cost being lower with Suppler B than Supplier A it should be assumed that Supplier B would be the cheaper supplier.
When taking into consideration a safety stock of 75 for Supplier A and 150 for Supplier B the total additional inventory cost would equal \$5,175 for Supplier A and \$10,350 for Supplier B. The total inventory cost including the safety stock would be \$19,563 for Supplier A and \$20,524 for Supplier B. The new reorder points when taking into consideration the safety stock would be 117 winches for Supplier A and 234 winches for Supplier B. Under Supplier, A Narragansett has 28 days after ordering before inventory reaches zero while Supplier B has 56 days.
If sales were seasonal the standard EOQ model would not be effective for calculating inventory cost and levels. Under EOQ, it is assumed that there is a relative consistency through the year. It would be more beneficial for Narragansett to use a seasonal moving average to calculate the demands and inventory cost. While a standard EOQ would not be effective if the EOQ is broken up into different periods and analyzed on multiple periods it would be more beneficial. In the case of Snowbowl, there is a higher demand in...

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