Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-Identify and describe in detail two demand based and two supply based strategies for aggregate planning with examples? 2-What are the different ways to keep

1-Identify and describe in detail two demand based and two supply based strategies for aggregate planning with examples?
2-What are the different ways to keep track of inventory in organizations? Explain clearly and in detail each of the approaches identifying some of the technologies that may be used for each approach
3-A producer uses 800 packing crates a month, which it purchases at a cost of KWD 20 each. The manager has assigned as annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are KWD 28 per order. Currently the manager orders 800 crates once every month.
a. Is what the manager currently ordering ideal quantity to order? What is the Economic Ordering Quantity? (10 points)
b. How many times will the manager need to order in a month based on EOQ? (5 points)
c. How much could the firm save annually in ordering and carrying cost by using EOQ, compared with the cost of what the manager is currently ordering? (10 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Assurance Risk And Governance

Authors: Michael Büchling

1st Edition

1485131618, 9781485131618

More Books

Students also viewed these Accounting questions

Question

=+b) What power in the ladder of powers does that correspond to?

Answered: 1 week ago