The Annual demand of a product is 50000 and ordering cost is 7000 per order and EOQ is 10000 units. At optimum annual inventory, what is the total yearly holding cost?
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The Annual demand of a product is 50000 and ordering cost is 7000 per order and EOQ is 10000 units. At optimum annual inventory, what is the total yearly holding cost?
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.A big box store sells a lawn mower. Annual demand for the lawn mower is 600 units. The ordering cost per order of lawnmowers is $20. The annual holding cost per unit is $15. Assuming the store uses the EOQ as the order size, what would be the total annual ordering cost for the lawnmower? PLEASE WRITE ONLY THE TOTAL ORDERING COST WITHOUT $ sign in the box below.Rapallo Sneakers, Inc. sells a pair of LG sneakers for $40. Due to the recent fitness craze, these shoes are in high demand: 68 pairs of shoes are sold per week. The ordering cost is $40 per order, and the annual holding cost is 20 percent of the selling price. If the store operates 50 weeks a year, what can you say about the size of the current order quantity of 250 pairs?
- the company expects to sell 19,200 units next year. it operates 360 days a year. annual carrying cost is P32 per unit ordering cost is P150. A. what is the length of an order cycle in days? (4 decimals) B. what is the total annual cost at EOQ? show solutionGiven a basic EOQ model in which holding cost is $7.50 per unit per month, demand is 25 units per month, and ordering cost is $15.00 per order, determine the EOQ. a. 200 b. 100 c. 50 d. 10Daily demand for product sample kits is normally distributed with a mean of 35 units and a standard deviation of 4. Supply is virtually certain with a lead time of 9 days. The cost of placing an order is $20, and annual carrying costs for one kit is 25 percent. The price of one kit is $12.50. Assume a year has 365 days.If a 99% service level is desired, what is average inventory on hand? If demand had no variation, what would the reorder point be?
- A small local pharmacy, Tacky Pharm sells self-test kits for diabetic patients. These kits cost Tacky $15 each. Customers want to buy the kits at a rate of 240 per week. The pharmacy operates 52 weeks per year. Tacky Pharm estimates ordering cost at $50. Annual holding costs are 20 percent of the unit cost. Lead time is 2 weeks. Using the information given Calculate the economic order quantity. Calculate the total annual costs using the EOQ. Determine the reorder point.A cable company needs to stock universal remote devices. They expect annual demand to be 1000 and ordering cost is $50. The annual holding cost is 25% of the unit price per unit. In addition, supplier has provided below price schedule. How much quantity would you order to minimize the cost? Show calculations to justify your answer. Quantity Unit Price 1-200 $15.00 201 - 399 $14.00the company expects to sell 38,400 units next year. it operates 355 days a year. annual carrying cost is P64 per unit ordering cost is P300 A. what is the eoq? B. how many times per year does the store reorder? (round up) show solution
- Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost. Annual requirements (R) = 50,000 units Order cost (S) = $150 per order Holding rate (k) = 15% Unit cost (C) = $100 per unitThe XYZ Company has an annual sale of 20,000 television sets. each inventory item has a value of P2,500.00. Ordering cost is P500.00 per order. Carrying cost is 25% of average value. Find the following: a. Optimal number of order per year b. Economic order quantity c. Annual carrying cost d. Annual Ordering cost e. Total annual inventory costA product is made-to-stock. Annual demand is 60,000 units. Each unit costs $4.00 and theannual holding cost rate = 25%. Setup cost to produce this product is $300. Determine:1. Economic order quantity and2. Total inventory costs for this situation.