Aristotle Ltd holds a particular type of tyre for which annual sales are $468,000. Each tyre is
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Aristotle Ltd holds a particular type of tyre for which annual sales are $468,000. Each tyre is sold forcostplus 50%. The tyre supplier takes six weeks to supply the tyre from the date that an order is raised by Aristotle Ltd. Each tyrecosts $40. The business holds 600 units of the tyre as a safety buffer and wishes to retain this buffer at all times. At what level of inventory should the business reorder this tyre?
Related Book For
Mechanical Vibrations Modeling And Measurement
ISBN: 119669
1st Edition
Authors: Tony L. Schmitz , K. Scott Smith
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