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Category > Business & Finance Posted 15 Jun 2017 My Price 7.00

Kim Clark has asked you to help him determine the best ordering policy for a new product

Kim Clark has asked you to help him determine the best ordering policy for a new product. The demand for the new product has been forecasted to be about 1,000 units annually. To help you get a handle on the carrying and ordering costs, Kim has given you the list of last year’s costs. He thought that these costs might be appropriate for the new product.

He also told you that these data were compiled for 10,000 inventory items that were carried or held during the year. You have also determined that 200 orders were placed last year. Your job as a new operations management graduate is to help Kim determine the economic order quantity for the new product.

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 15 Jun 2017 09:06 AM My Price 7.00

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Attachments

file 1497517746-1918163_1_636330839154001192_EOQ-cost-classification.xlsx preview (190 words )
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