MGMT 3320 - Operations Management Fall 2020 Name: SCORE: 150 points Lesson 13: Quiz 1. (25 Points) The Southeast Georgia Health System (SGHS) orders syringes from a hospital supply company. The SGHS expects to use 40,000 syringes each year. The cost to order and deliver the syringes is $800. The annual carrying cost is $1.90 per syringe in order to provide for their security due to the potential of theft . The table below gives the quantity discount pricing that the hospital supply company offers for their syringes. Given this information, determine the optimal number of syringes to order and the total annual inventory cost. Quantity Ordered Price ( per syringe) 0-9,999 $3.40 10,000 - 19,999 $3.20 20,000 - 29,999 $3.00 30,000 - 39,999 $2.80 40,000 - 49,999 $2.60 50,000 or more $2.40 Optimal # of syringes to order: Total Annual Inventory Cost: $ SHOW YOUR WORK MGMT 3320 - Operations Management Fall 2020 Name: SCORE: 150 points Lesson 13: Quiz 1. (25 Points) The Southeast Georgia Health System (SGHS) orders syringes from a hospital supply company. The SGHS expects to use 40,000 syringes each year. The cost to order and deliver the syringes is $800. The annual carrying cost is $1.90 per syringe in order to provide for their security due to the potential of theft . The table below gives the quantity discount pricing that the hospital supply company offers for their syringes. Given this information, determine the optimal number of syringes to order and the total annual inventory cost. Quantity Ordered Price ( per syringe) 0-9,999 $3.40 10,000 - 19,999 $3.20 20,000 - 29,999 $3.00 30,000 - 39,999 $2.80 40,000 - 49,999 $2.60 50,000 or more $2.40 Optimal # of syringes to order: Total Annual Inventory Cost: $ SHOW YOUR WORK