Question: Question Inventory Management simulation You are the store manager at a... Inventory Management simulation You are the store manager at a local branch of Digi

Question

Inventory Management simulation You are the store manager at a...

Inventory Management simulation

You are the store manager at a local branch of Digi life, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits

Your Goal Earn $1,000,000 in net profits of Amulet sales

Place An Order for Amulet 1.0

You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs.

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Order Size 50 Units

Cost Per Unit: $95

Purchase Cost: $4,750

Shipping Fee: Normal shipping(5 days) - $6,000

Expedite shipping(1 day) - $8,000

Total Cost: $10,750 FOR NORMAL SHIPPING

Total cost : $ 12,750 FOR EXPEDITE SHIPPING

What is the order size (will need multiple over the course of the 52 weeks) in order to profit 1,000,000 and raise boss satisfaction?

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