Question: Need typed answer Demand for an item is constant at 420 units a month. The reorder cost and delivery charge amount to $1250 and the

Need typed answer Demand for an item is constant

Need typed answer

Demand for an item is constant at 420 units a month. The reorder cost and delivery charge amount to $1250 and the cost of holding stock is 15% of the value a year. A supplier quotes the following prices: Ordering Quantity 0-999 1 000-1499 1500-1999 2000-2499 2500 or more Unit Cost $20.00 $19.50 $19.00 $18.50 $18.00 A second supplier quotes a basic price of $18.60, but with a discount to $18.10 for orders of 2000 or more. The reorder cost and delivery charge amount to $800. What is the best ordering policy

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