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B) Whats the appropriate reorder point? Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for
B) Whats the appropriate reorder point?
Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 6,500 units; carrying cost is $25 per unit per year; order costs for his company typically run nearly $35 per order; and lead time averages 5 days. (Assume 250 working days per year.) a) The economic order quantity is units (round your response to the nearest whole number)Step by Step Solution
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