Question: Answer the questions below using the following information for a firm that operates sos dads / yed . Annual Demand = 1 2 , 8
Answer the questions below using the following information for a firm that operates sos dadsyed
Annual Demand units
Order Cost $ per order
Holding Rate
Unit Cost $ per unit
Delivery Lead Time days
a What is the economic order quantity EOQ
b What is the annual total cost of the item purchased ie total invoice or purchase cost
c What is the annual holding cost?
d What is the annual ordering cost?
e What is the total annual inventory cost?
f What is the average cycle inventory?
What is the reorder point?
h What is the number of orders per year?
i What is the time between orders?
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