GATE Questions & Answers of Safety Stock Inventory Control Systems

What is the Weightage of Safety Stock Inventory Control Systems in GATE Exam?

Total 4 Questions have been asked from Safety Stock Inventory Control Systems topic of Inventory Control subject in previous GATE papers. Average marks 1.50.

A local tyre distributor expects to sell approximately 9600 steel belted radial tyres next year. Annual carrying cost is Rs. 16 per tyre and ordering cost is Rs. 75. The economic order quantity of the tyres is

Sales data of a product is given in the following table:

Month January February March April May
Number of units sold 10 11 16 19 25

Regarding forecast for the month of June, which one of the following statements is TRUE?

The annual requirement of rivets at a ship manufacturing company is 2000 kg. The rivets are supplied in units of 1 kg costing Rs. 25 each. If it costs Rs. 100 to place an order and the annual cost of carrying one unit is 9% of its purchased cost, the cycle length of the order (in days) will be___________

A company uses 2555 units of an item annually. Delivery lead time is 8 days. The recorder point (in number of units) to achieve optimum inventory is