Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company uses 72,000 units of spare parts each year . using 200 units per day. It costs CAN$ 40 to place the order. The
A company uses 72,000 units of spare parts each year . using 200 units per day. It costs CAN$ 40 to place the order. The company orders in batches of 800 units. It cost CAN$ 8 to carry one unit of inventory annually. Calculate EOQ, number of cycles per year, ordering and carrying costs, and Total Cost. Calculate ROP if LT is 6 days.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started