Most companies develop their inventory stocking strategy in an intuitive way. MBA students are much more structured
Question:
Carry cost per bag of concrete is $41 per year Fixed order cost per order is $95
a) What is the total carrying cost?
b) What is the restocking cost?
c) Should GHI change its policy and increase or decrease its order size? What is it in your calculations that would cause you to say this?
d) What would be your recommended inventory policy for GHI Company and why?
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Step by Step Answer:
a Total carrying cost 52 300 41 639600 1 year52 weeks b Total restocking cost52300951...View the full answer
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Related Book For 
Organizational Behaviour Concepts Controversies Applications
ISBN: 978-0132310314
6th Canadian Edition
Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward
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