Question: My Kitchen Delight ( MKD ) is considering a new supplier for the jars used in the production process. Assume the annual demand averages 3
My Kitchen Delight MKD is considering a new supplier for the jars used in the production process. Assume the annual demand averages jars. Ordering cost is $ per order. The annual holding cost per unit is of the unit price. The price lists for the supplier are as follows. points
tableUnits Ordered,Price Per Unit$$$ or more,$
a Determine the most costeffective ordering quantity.
b What is the total cost for the order quantity determined in a
c Summarize the inventory policy based on your calculation results.
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