Appliance for Less is a local appliance store. It costs this store $19.49 per unit annually...

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Appliance for Less is a local appliance store. It costs this store $19.49 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 721 units. Each order costs $72. The company is using Economic Order Quantity model in placing the orders. It takes approximately 6 day(s) to receive an order after it has been placed. If the store insists on a 3 day(s) safety stock (assume 365-days a year), what should the inventory level be when a new order is placed? (Round the answer to the whole number) Your Answer: Appliance for Less is a local appliance store. It costs this store $19.49 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 721 units. Each order costs $72. The company is using Economic Order Quantity model in placing the orders. It takes approximately 6 day(s) to receive an order after it has been placed. If the store insists on a 3 day(s) safety stock (assume 365-days a year), what should the inventory level be when a new order is placed? (Round the answer to the whole number) Your Answer:

Answer rating: 100% (QA)

To find the inventory level when a new order is placed using Economic Order Quantity EOQ well first ... View the full answer