Joe Henry's machine shop uses 2,470 brackets during the course of a year. These brackets are purchased from a supplier 9
Posted: Fri Jul 01, 2022 9:08 am
- Joe Henry S Machine Shop Uses 2 470 Brackets During The Course Of A Year These Brackets Are Purchased From A Supplier 9 1 (15.05 KiB) Viewed 42 times
b.) Given the EOQ, what would be theaverage inventory? What would be the annual inventory holdingcost?
c.) Given the EOQ, how many orders wouldbe made each year? What would be the annual order cost?
d.) Given the EOQ, what is the totalannual cost of managing the inventory?
e.) What is the time between orders?
f.) What is the reorder point (ROP)
Joe Henry's machine shop uses 2,470 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: 2,470 $1.45 $19.50 2 days 250 Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year