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) Explain the term Tnventory Control 13 Marks) (4 Marks ) G&G Company Limited is a distributor of spare parts to the motor industry. The
) Explain the term "Tnventory Control 13 Marks) (4 Marks ) G&G Company Limited is a distributor of spare parts to the motor industry. The company gets its supplies from several sources at a cost of she 2,000 per order on average. The holding cost is 10% per unit price per annum The demand is constant at 100 units per month. On the basis of this information and a price discount schedule of a particular tem G&G company deals with (See Table 2) Table 2 Quantity Ordered Price per unit (Tshs) 1,000 900 800 700 1-99 100-249 250-499 500 onwards Required: Determine the optimal order Quantity
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