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Abdulrahman Al Mansouri is the purchasing manager at the headquarter of ADNIC insurance company with a central inventory operation ADNIC's fastest-moving inventory tem has a
Abdulrahman Al Mansouri is the purchasing manager at the headquarter of ADNIC insurance company with a central inventory operation ADNIC's fastest-moving inventory tem has a demand of 7,077 units per year. The inventory carrying cost is AED 91 per unit per year. The average ordering cost is AED120 per order. Abdulrahman Al Mansouri like to calculate Economic Order Quantity of the inventory item. Calculate Economical order Quantity (Q) of the inventory item using Basic EOQ Model? Note: Please write your final answer as a whole number without decimal points in the given space
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