The carrying cost curve and ordering cost curve of Inc.’s inventory intersect at 3,500 units. What is the total annual cost of inventory given that the annual demand is 75,000 units and the carrying cost per unit per year is P12.
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The carrying cost curve and ordering cost curve of Inc.’s inventory intersect at 3,500 units. What is the total annual cost of inventory given that the annual demand is 75,000 units and the carrying cost per unit per year is P12.
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- The annual inventory requirement at the C &E Enterprises is P2,500 units. Each inventory item has a value of P5,000. Ordering cost is P50.00. Carrying cost is 20% of average inventory. Find the following: a. Annual Ordering cost b. Total annual inventory costThe carrying cost curve and ordering cost curve of NEKO Inc.’s inventory intersect at 3,500 units. What is the total annual cost of inventory given that the annual demand is 75,000 units and the carrying cost per unit per year is P12Define each of the following in your own words and as a formula:a. Annual ordering cost.b. Annual carrying cost.c. Total annual cost.
- I need answers A company uses on an average 216 parts a day with a standard deviation of 16 parts per day in a manufacturing process. Cost of placing and receiving an ordering is BDT 40,000. Estimated monthly carrying cost is BDT 90 per part. Orders are delivered approximately 7 days after being placed. The delivery time is normal with a mean of 7 days and a standard deviation of 2 days. The company is open 360 days per year. Find the order quantity that is economical. If the Company takes 3% stock out risk, then find safety stock (SS) quantity and Re-Order Point? 3.If the supplier offers a discount of BDT 8 per circuit board for purchasing of 4000 boards at a time, then financially evaluate and justify whether the company will go with the offer or not? 4.The person who orders the boards follows this rule: Order when the amount on…A textile mill buys its raw materials from a vendor. The annual demand of the raw material is 9,000 units. The ordering cost is $100 per order and the carrying cost is 20% of the purchase price per unit per month where the purchase price per unit is $1. Find the total cost for a year. O $11,897 $13,336 $11,078 $12,364Sunstar Ice Cream Sells 12,000 gallons of ice cream each month from its central storagefacility. Monthly carrying cost are P.10 per gallon and ordering cost are P50 per order.Ignore potential stockout cost and assume a 30 days month. What is the optimal length of the inventory cycle?How many orders will be placed per month?
- A components manufacturer uses approximately 20,000 units annually of an item. They are used at a steady rate during the 250 workdays that the plant operates. The cost of each item is $7.00, and the annual carrying cost is $0.50 per unit per year. The ordering cost is $50. What is the annual ordering costs using the EOQ order quantity?A manufacturer buys cardboard boxes from a supplier. The annual demand is 40,000 boxes and is uniformly distributed. The boxes cost $5 each. The estimated order cost is $10, and the carrying cost rate is 20% per year. What is the EOQ and what is the annual order and carrying cost? How many times a year are orders placed, and what is the average time, in weeks, between orders? Using the answer from (b), if you round the average time between orders to the nearest week, what should the order quantity be? Would you recommend using this order quantity and time interval? Suppose that the actual demand turns out to be 80,000 boxes instead of 40,000 boxes.If you had used the EOQ from the (a), what would be the annual order and carrying cost be?1. Calculate Economic Order Quantity (EOQ), number of orders, annual ordering costs, annual carrying costs and total inventory costs from the following: Annual consumption: 6000 units ; Cost of placing one Order: RO 60 Carrying cost per unit: RO 22. Find out the EOQ, Annual ordering cost and annual holding cost from the following information. The demand is 19500 units per year, holding cost is RO 4 per unit for a year and ordering cost is RO 25 order. 3. Find out the ordering cost from the following information, Annual demand is 240 units, holding cost RO 4 per unit for a year and EOQ is 60 units.
- A components manufacturer uses approximately 20,000 units annually of an item. They are used at a steady rate during the 250 workdays that the plant operates. The cost of each item is $7.00, and the annual carrying cost is $0.50 per unit per year. The ordering cost is $50. What is the economic order quantity?What is the difference between independent and dependent demand items? Why is this distinction important to inventory managers?A company purchases special metal parts to make office furniture in lots of 100 units to satisfy an annual demand of 1600 parts. Holding cost for the parts is 0.3 dollars per unit per month and ordering cost is 40 dollars per order. Answer the following questions: Formulas: a) What is the EOQ? b) What are the costs previously (with 100 units per order) and now with EOQ. Hint: Calculate total holding cost and ordering cost for 100 units, and then same costs with EOQ. Which one (100 units or EOQ) is better in terms of costs? EOQ = SQRT(2Ds/h) THC=h*(Q/2) TOC=s*(D/Q) TC=THC+TOC please answer in excel