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Author Question: The IBP Grocery orders most of its items in lot sizes of 10 units. Average annual demand per side of ... (Read 168 times)

haleyc112

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on: Mar 6, 2021
The IBP Grocery orders most of its items in lot sizes of 10 units. Average annual demand per side of beef is 720 units per year. Ordering costs are $25 per order with an average purchasing price of $100. Annual inventory carrying costs are estimated to be 40% of the unit cost. 

Required: 
a.  Determine the economic order quantity. 

b.  Determine the annual cost savings if the shop changes from an order size of 10 units to the economic order quantity. 

c.  Since the shelf life is limited, the IBP Grocery must keep the inventory moving. Assuming a 360-day year, determine the optimal lot size under each of the following: (1) a 20-day shelf life and (2) a 10-day shelf life.
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Marked as best answer by haleyc112 on Mar 6, 2021

InfiniteSteez

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haleyc112

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
:D TYSM

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