List of top Mechanical Engineering Questions on Inventory Control

Which of the following relationships hold correct for the safety stock of inventory?

For an assembly line, the inventory was calculated by considering the production rate as 4 pieces per hour and the average processing time as 60 minutes. Now, if the production rate is kept the same and the average processing time is brought down by 30%, then the change in inventory is

To issue and running balance of certain items of stock in inventory, which of the following keeps a record of items?

The demand for a commodity is 100 units per day. Every time an order is placed, a fixed cost of Rs 400 is incurred and the holding cost is Rs 0.08 per unit per day. If the lead time is 13 days, then the economic lot size and the reorder point are in units

Average stock level required to maintain the inventory is calculated as