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The purchasing manager of Flat Screen TV wants to determine the most optimum inventory practice for the company. He was able to determine the demand and inventory costs needed in his analysis. The annual demand is 1000 units, the ordering cost is Php1000 per order and the holding cost is Php500 per unit per year. It will take 20 days for an order to arrive and there are 250 working days per year. What is the economic quantity? How much total annual inventory cost? What is the reorder point? Solve the following and show your solution: a. Economic Order Quantity b. Total Annual Inventory Cost c. Total Ordering Cost d. Average Inventory e. Total Holding Cost f. Total Annual Inventory Cost g. Daily Demand h. Reorder Point

The purchasing manager of Flat Screen TV wants to determine the most optimum inventory practice for the company. He was able to determine the demand and inventory costs needed in his analysis. The annual demand is 1000 units, the ordering cost is Php1000 per order and the holding cost is Php500 per unit per year. It will take 20 days for an order to arrive and there are 250 working days per year. What is the economic quantity? How much total annual inventory cost? What is the reorder point? Solve the following and show your solution: a. Economic Order Quantity b. Total Annual Inventory Cost c. Total Ordering Cost d. Average Inventory e. Total Holding Cost f. Total Annual Inventory Cost g. Daily Demand h. Reorder Point

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
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The purchasing manager of Flat Screen TV wants to determine the most optimum inventory practice for the company. He was able to determine the demand and inventory costs needed in his analysis. The annual demand is 1000 units, the ordering cost is Php1000 per order and the holding cost is Php500 per unit per year. It will take 20 days for an order to arrive and there are 250 working days per year. What is the economic quantity? How much total annual inventory cost? What is the reorder point? Solve the following and show your solution: a. Economic Order Quantity b. Total Annual Inventory Cost c. Total Ordering Cost d. Average Inventory e. f. Total Holding Cost Total Annual Inventory Cost g. Daily Demand h. Reorder Point SVY
Transcribed Image Text:The purchasing manager of Flat Screen TV wants to determine the most optimum inventory practice for the company. He was able to determine the demand and inventory costs needed in his analysis. The annual demand is 1000 units, the ordering cost is Php1000 per order and the holding cost is Php500 per unit per year. It will take 20 days for an order to arrive and there are 250 working days per year. What is the economic quantity? How much total annual inventory cost? What is the reorder point? Solve the following and show your solution: a. Economic Order Quantity b. Total Annual Inventory Cost c. Total Ordering Cost d. Average Inventory e. f. Total Holding Cost Total Annual Inventory Cost g. Daily Demand h. Reorder Point SVY
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