XYZ Company buys in lots of 500 boxes which is a 3 months supply. The cost per
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XYZ Company buys in lots of 500 boxes which is a 3 months supply. The cost per box is Rs 125 and the ordering cost is Rs 150. The inventory carrying cost is estimated at 20% of unit value. What is the total annual cost of the existing inventory policy? How much could be saved by employing the economic order quantity?
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To calculate the total annual cost of the existing inventory policy and the potential savings by employing the economic order quantity EOQ well use th...View the full answer
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