Toys Plus Inc

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Toys Plus Inc

1. Calculate economic order quantities for each of the three types of toys.
MASTER SCHEDULE FORECAST INPUT SEP26 OCT3 OCT10 OCT17 OCT24 OCT31 ----- ----- ----- ----- ----- -----
TOY AUTO 1100 1150 1200 1300 1400 1500
TOY TRUCK 500 450 400 350 300 300
TOY ROBOT 700 650 650 625 625 600 ------ ------ ------ ------ ------ ------ TOTAL UNITS 2300 2250 2250 2275 2325 2400 AVERAGE WEEKLY DEMAND (CALCULATED)
TOY AUTO 1275
TOY TRUCK 383
TOY ROBOT 642

MASTER SCHEDULE
EOQ CALCULATIONS AUTO TRUCK ROBOT
WEEKLY DEMAND RATE 1275 383 642
PRODUCTION RATE PER WEEK 3500 1750 2333
UNIT COST 3.2 6.5 4.1 SETUP COST 293
CARRYING COST(% Per Year) 25% ECONOMIC ORDER QUANTITY 8740 3034 5130 BEGINNING INVENTORY LEVEL INPUT 4000 2000 1500

Run-out Time = Inventory Level / Demand (in weeks) 3.14 5.22 2.34

2. Prepare a master production schedule for the next six weeks
MASTER SCHEDULE (INPUT PLANNED QUANTITY FOR EACH WEEK) PLANNED PRODUCTION (WEEK BEGINNING) SEP26 OCT3 OCT10 OCT17 OCT24 OCT31 ----- ----- ----- ----- ----- -----
TOY AUTO 0 0 2600 3500 2640 0
TOY TRUCK 0 0 0 380 1750
TOY ROBOT 2267 2333 530 0 0 0 ------ ------ ------ ------ ------ ------ TOTAL UNITS 2267 2333 3130 3500 3020 1750
TOTAL LABOR HOURS 350 350 350 350 350 350
CALCULATED RUN-OUT TIMES (WEEKS) EOQ
TOY AUTO 10.0 8740
TOY TRUCK 10.8 3034
TOY ROBOT 10.3 5130

PROJECTED INVENTORIES OF FINISHED GOODS SEP26 OCT3 OCT10 OCT17 OCT24 OCT31 ----- ----- ----- ----- ----- -----
TOY AUTO 2900 1750 3150 5350 6590 5090
TOY TRUCK 1500 1050 650 300 380 1830
TOY ROBOT 3066.667 4750 4630 4005 3380 2780 ------ ------ ------ ------ ------ ------
TOTAL UNITS 7466.667 7550 8430 9655 10350 9700

FINISHED GOODS INVENTORY ANALYSIS: AVERAGE WEEKLY USAGE IN $ $10,929 AVERAGE WEEKLY INVENTORY IN $ $42,676 FINISHED GOODS TURNOVER RATIO

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