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Plz help QUESTION 4 20 MARKS The sale the Clark's shoe brand has risen exponentially in Jamaica. This since DJ's have been singing about them
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QUESTION 4 20 MARKS The sale the Clark's shoe brand has risen exponentially in Jamaica. This since DJ's have been singing about them and the Jamaican born English player Raheem Sterling is now the face of the brand. One particular shoe store, Clarks Mi Prefer has been experiencing a shape increase in sales and has just hired a Utech graduate, Marlon Perry as Manager. The demand for the Clarks brand shoes is 150 boxes per month. Each box cost $ 12,000. The annual holding cost rate is 13%. Clarks Mi Prefer ordering cost is $4,300 and the store and warehouse is opened 312 days per year. The lead time for each order is a long 20 days, since Clarks are coming all the way from England. a) How many boxes of shoes do you recommend that Marlon orders every time he places an order. 4 Marks b) Determine the estimated holding cost; and ordering cost 4 Marks c) Would it be true to say it takes Marlon almost 55 days between orders. Justify your answer 4 Marks d) How many orders will Marlon have placed each year 3 Marks 3 e) Determine the re-order point Marks f) What can Marlon expect his Total Annual cost to be 2 MarksStep by Step Solution
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