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Question 16 25 pts Last year we ordered 60,238 units for the entire year . Last year our inventory carrying cost was 30.8% .
Question 16 25 pts Last year we ordered 60,238 units for the entire year . Last year our inventory carrying cost was 30.8% . Last year our cost to place an order was $29.27 . Last year our unit price was $130.7 What would the COST TO PLACE AN ORDER need to be if: This year our goal is to have a 7.5% inventory reduction (example: a 10% reduction in $100 of inventory becomes $90 in inventory) This year our goal is to have a 6.4% 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 0.73% (example: reducing an ICC of 25.0% by 0.75% becomes 24.25%) . This year our goal is to have a 3.7% reduction in unit price (example: a 10% reduction in a $10 unit cost becomes a $9 unit price) ALL goals are achieved
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Given Data Last year the company ordered 60238 units Last years inventory carrying cost ICC was 308 Last years cost to place an order was 2927 Last years unit price was 1307 Goals 75 reduction in inve...Get Instant Access to Expert-Tailored Solutions
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