Question: Please show your work. Thanks TFC is considering the introduction of a juice maker that will allow them to sell juice pods of concentrated juice

Please show your work. Thanks
TFC is considering the introduction of a juice maker that will allow them to sell "juice pods" of concentrated juice that will then be processed in the juice maker by the end consumer, much like a Keurig coffee maker. They have forecast a demand for 215,148 juice makers and have identified potential suppliers for the machines. One supplier has indicated that the cost of the item for TFC would be $36.64. After some analysis, TFC has determined that the order cost would be $2,840.03 and the holding cost per unit per year would be $13.15. Determine the EOQ if TFC chooses this supplier. TFC believes that an appropriate safety stock level is 9% of annual demand. What will be the average inventory if they order EOQ units per order and maintain the planned level of safety stock? 24,183.3778 margin of error +/0.1Step by Step Solution
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