Anand Sports Limited is a sports goods company based out of Chennai that sells Chess products to customers based across the globe. Anand
Sports sells 200,000 Chess sets in a year. The carrying cost of inventory per Chess set is Rs. 10 per year, and it costs Rs. 4 to place, process, and
receive an order.
tenderness
a. What ordering quantity will minimise inventory costs?
b. What inventory costs are incurred with this ordering quantity?

Answer rating: 100% (QA)

To determine the ordering quantity that will minimize inventory costs we can use the Economic Order ... View the full answer