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Author Question: For supply item ABC, Andrews Company has been ordering 125 units based on the recommendation of the ... (Read 58 times)

SAVANNAHHOOPER23

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For supply item ABC, Andrews Company has been ordering 125 units based on the recommendation of the salesperson who calls on the company monthly. A new purchasing agent has been hired by the company who wants to start using the economic-order-quantity method and its supporting decision elements. She has gathered the following information: 

Annual demand in units250
Days used per year250
Lead time, in days10
Ordering costs$100
Annual unit carrying costs$20
Required: 
Determine the EOQ, average inventory, orders per year, average daily demand, reorder point, annual ordering costs, and annual carrying costs.


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Marked as best answer by SAVANNAHHOOPER23 on Mar 6, 2021

mcinincha279

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SAVANNAHHOOPER23

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Reply 2 on: Mar 6, 2021
Gracias!


LegendaryAnswers

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Reply 3 on: Yesterday
:D TYSM

 

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