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A manufacturing company 150000 litres of liquid solvent per month. The carrying Cost is R0.50 per litre, and the ordering cost is R150.00 per order.
A manufacturing company 150000 litres of liquid solvent per month. The carrying Cost is R0.50 per litre, and the ordering cost is R150.00 per order. The company uses the solvent at a constant rate throughout the year. The time from placing to receiving an order is 18 days; a year equals 360 days. Determine the company's reorder point. 105000 litres 225000 litres. 7500 litres. 90000 litres
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