Read Hardy Hospital on page 370 of textbook. In one paragraph preview the case
Read Hardy Hospital on page 370 of textbook. In one paragraph preview the case facts and background. Do not duplicate what is in the case itself. The body of the report addresses Questions 1-4 in a clear, concise and cohesive manner. This report should be business like, organized and methodical. Please note: each question should become a section title. What are good estimates of order cost and inventory-holding cost? (State all assumptions and show all computations.)
What is the EOQ and reorder point with safety stock for Strike Disinfectant given your answer to question 1?
Compute the total order and inventory-holding costs for a fixed-quantity system (FQS) and compare to the current order Q’s. Can you save money by adopting an FQS?
What are your final recommendations, including what you would recommend regarding regular and special orders, the state bidding system, and overall control of the university materials-management system? Explain the reasoning for your recommendations.