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A regional supermarket is open 360 days a year. Daily use of cash register tapes is 10 rolls. The purchase price of the tape is
A regional supermarket is open 360 days a year. Daily use of cash register tapes is 10 rolls. The purchase price of the tape is $ 2 and inventory carrying cost is 65 cents per roll a year. Ordering cost is $ 20 per order.
What would be the difference in total cost if an order quantity of 600 is used instead of the EOQ. Note: calculate the difference as total cost with Q = 600 total cost with EOQ.
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