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Joe Herrys machine shop uses 2 5 0 0 brackets during the course of the year, These brackets are purchased from a supplier go miles
Joe Herrys machine shop uses brackets during the course of the year, These brackets are purchased from a supplier go miles away. The following information is known about the brackets.
Annual demand
Holding cost per bracket per year$
Order cost per order $
Lead time days
Working days per year
what is EOQ
What is average inventory if the EOQ is used What would be the annual inventory holding cost?
What is the optimal number of orders per year? What would be the annual order cost?
What is total annual cost of managing inventory
What are the optimal number of days between any two orders?
What is reorder point
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