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Can you please check this computation for me? For ROL, Min Level, Max Level and Avg Level, we take avg consumption. But ICAI RTP May 20 has taken periodical consumption. I don't understand that premise. Also days computation for them I think is wrong- They got 14, I'm getting 13 (31-30 + 12) Sorry about the scrappy working.
Answers (4)
Thread Starter
Suraj NarayananBy average consumption, I mean daily consumption. They've taken periodical and that also different quantities of periods so there is no apples to apples comparision either
Re-Order level can be computed by using both formula. One with Maximum and other with Min & Avg.
Still not that clear sir- My doubt is more with how they have taken the quantities- They have directly written the MRN Values and not considered days between different MRNs thereby giving different rates of consumption. In fact, their computed minimum stock level is at least 4 times more than the stock level in the ledger.
Thread Starter
Suraj NarayananStill not that clear sir- My doubt is more with how they have taken the quantities- They have directly written the MRN Values and not considered days between different MRNs thereby giving different rates of consumption. In fact, their computed minimum stock level is at least 4 times more than the stock level in the ledger.
In this type of question, computing averages would be time consuming and difficult.