Question
Last year we ordered 15,730 units for the entire year Last year our inventory carrying cost was 22.4% Last year our cost to place an
Last year we ordered 15,730 units for the entire year Last year our inventory carrying cost was 22.4% Last year our cost to place an order was $71.89 Last year our unit price was $62.95 What would the COST TO PLACE AN ORDER need to be if: This year our goal is to have a 5.2% inventory reduction (example: a 10% reduction in $100 of inventory becomes $90 in inventory) This year our goal is to have a 7.4% increase in sales (example: a 10% increase in sales of 100 units becomes 110 units) This year our goal is to reduce inventory carrying cost by 1.1% (example: reducing an ICC of 25.0% by 0.75% becomes 24.25%)
ALL goals are achieved
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