Question: INVENTORY MANAGEMENT SHOW THE SOLUTION AND FORMULA USING EXCEL 1. The ABC Company uses 100,000 units per year of a product. The carrying cost per

INVENTORY MANAGEMENT SHOW THE SOLUTION AND FORMULA USING EXCEL

1. The ABC Company uses 100,000 units per year of a product. The carrying cost per unit is $3 per year. The cost of ordering a batch is $60. a) What is the optimum order size? b) If the ordering costs were 60 cents per order, how many units should be ordered at one time? c) refer to (a). Suppose the ABC Company was offered a discount of 12 cents per unit by its supplier if it ordered in lots of 10,000 units. Should ABC take the discount

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