A small Canadian furniture manufacturer has been importing some components, for use in its dining room...
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A small Canadian furniture manufacturer has been importing some components, for use in its dining room furniture, from the southern US because it believed that the volumes were too low to justify setting up and producing the components in its Canadian plant. The order placing cost is $500, demand is 180 components per month and inventory carrying cost is 30% per year. The manufacturer has three suppliers in the US with the following data Supplier Min. quantity Cost per component 1 2 3 0 500 1200 $180 $160 $155 What is the total cost of ordering from Supplier 2 (round your answer to the nearest integer)? A small Canadian furniture manufacturer has been importing some components, for use in its dining room furniture, from the southern US because it believed that the volumes were too low to justify setting up and producing the components in its Canadian plant. The order placing cost is $500, demand is 180 components per month and inventory carrying cost is 30% per year. The manufacturer has three suppliers in the US with the following data Supplier Min. quantity Cost per component 1 2 3 0 500 1200 $180 $160 $155 What is the total cost of ordering from Supplier 2 (round your answer to the nearest integer)?
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Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
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