Question: I need the answer as soon as possible ABC manufacturing company purchases 9,000 parts of a machine for its annual requirement, ordering one month's usage

I need the answer as soon as possible I need the answer as soon as possible ABC

ABC manufacturing company purchases 9,000 parts of a machine for its annual requirement, ordering one month's usage at a time. Each part costs 20. The ordering cost per order is * 15, and the carrying charges are 15% of the average inventory per year. You have been asked to suggest a more economical purchasing policy for the company. What advice would you offer and how much would it save the company ner var

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!