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IBM manages inventory using EOQ with annual demand 55,000 units, order cost $250/order, and holding cost $6/unit. Requirements: Calculate the Economic Order Quantity (EOQ). Determine
- IBM manages inventory using EOQ with annual demand 55,000 units, order cost $250/order, and holding cost $6/unit.
- Requirements:
- Calculate the Economic Order Quantity (EOQ).
- Determine total inventory cost.
- Prepare an inventory management report.
- Recommend strategies to optimize inventory levels.
- Requirements:
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Essentials Of Business Analytics
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
1st Edition
128518727X, 978-1337360135, 978-1285187273
