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Assume putra Company uses 700 units of a product per year on a continuos basis . The product has carrying costs of RM45 per unit
Assume putra Company uses 700 units of a product per year on a continuos basis . The product has carrying costs of RM45 per unit per year and order costs of RM250 per order. It takes 25 days to receive a shipment after an order is placed and the firm requires a safety stock of 6 days usage in inventory. Calculate Putra company's economic order.
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