Question: Answer 100% Correctly or get a big dislike 3. XYZ is a small new company that gained much attention by offering fresh mango juice in
Answer 100% Correctly or get a big dislike
3. XYZ is a small new company that gained much attention by offering fresh mango juice in creatively designed mango shaped glass bottles. The company sells mango juice throughout the year and buys the mango shaped glass bottles from a nearby factory for which XYZ pays $95 per order. After entering the market with fresh mango juice offered in mango shaped glass bottles, every year XYZ uses approximately 85,000 pieces of glass bottles with a carrying cost of $0.70 per bottle a year. the company operates for *** days (choose any value for *** from 250 - 260) per year Based on the given information, a. What will be the optimal quantity size? (2 marks) b. What will be the number of orders placed by XYZ per year? (1.5 marks) c. Based on the optimum quantity size what will be the minimum total inventory cost annually. (2 | marks) d. What will be the order cycle time? (1.5 marks)
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