What is carrying cost and provide an example of it.
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What is carrying cost and provide an example of it.
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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.Explain how does inventory carrying cost for inventory in transit differ from the cost of inventory at rest?Describe briefly what is costs of carrying inventory?
- DC Company order 480,000 packs of orange juice per year from a Manila distributor. Atwo-dozen pack case of juice delivered to DC warehouse cost P48 including freightcharges. The company borrows funds at 10 percent interest rate to finance its inventory.DC Company purchasing agent has calculated that it cost P150 to place an order fororange juice and that the annual carrying cost (electricity, insurance, handling ) is P.80for each pack of juice. Would you accept the offer if the Manila distributor offered a 10% discount off thedelivery price for minimum orders of P60,000 packs?Explain how are inventory levels monitored in retail stores ?Explain how different forms of inventory are affected by factors such as lead time and lot size?