need quickly, will like!! susan sonders is the purchasing manager for the...
50.1K
Verified Solution
Link Copied!
Question
Finance
need quickly, will like!!
susan sonders is the purchasing manager for the headquarters of a large grocery chain with an inventory operation. susan's fastest moving item has a demand of 3,700 units per year. The cost of each unit is $32 and the inventory carrying cost is $4.50 per unit per year. The average ordering cost is $21 per order. It takes about 5 days for an order to arrive, and the demand for one week is 70 units. There are 250 working days per year.
you mush show all work to get credit for the problem.
a. What is the EOQ?(4points)
b. What is the average inventory if the EOQ is used?(2points)
c. What is the optimal number of orders per yeat?(2points)
d. What is the optimal number if days in between any two orderes?(2points)
e. What is the annual cost of ordering and holding inventory?(4points)
Question of 28 Question 4 14 points Susan Solens the purchasing me to the quarter of any in with anyon Swan's tastesnoring investorendo 00 year the cost of a and the inventory carrying out 545 per un per year. The average ordering out spendetshot days for an order to me and the mind one weeks. These are 230 working days You must show all work toget it for the problem What is the points) b. What is the stage inventory lil the too sed point) What is the optimber of desper year posts) What the time of days in between two dees? point Wut in the cost of ordering and holding interpunt
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!