Wreckem Industries Inc., is a company that markets calculators to universities. Mr. Red, it's CEO, will reduce its inventory cost by determining the optimal number of calculators to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Given that Wreckem Industries Inc. has a 250 day working year, what is their expected time between orders?

Wreckem Industries Inc., is a company that markets calculators to universities. Mr. Red, it's CEO, will reduce its inventory cost by determining the optimal number of calculators to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Given that Wreckem Industries Inc. has a 250 day working year, what is their expected time between orders?

Name: Wreckem Industries Inc., is a company that markets calculators to univ
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Description: Wreckem Industries Inc., is a company that markets calculators to universities. Mr. Red, it's CEO, will reduce its inventory cost by determining the optimal number of calculators to obtain per order. The annual demand is 100,000 units and the orderi

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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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.
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