You are the new inventory manager of Durham Fasteners Inc. The company uses 53,000 units of Part
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Question:
You are the new inventory manager of Durham Fasteners Inc. The company uses 53,000 units of Part #A38821 per year. Administrative costs associated with placing and tracking an order are $47 per order, and it costs $11 per year to hold each unit of this part in inventory. Durham Fasteners operates 310 work days each year. The lead time with our supplier for this part is 7 days, and we have a safety stock policy of 2 days. How many units of Part #A38821 should we order at a time? Round your answer to the NEAREST whole unit.
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