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Question 59 Not yet answered Marked out of 5 Flag question each unit is Thomas Kratzer is the purchanging manager for the headquarters of
Question 59 Not yet answered Marked out of 5 Flag question each unit is Thomas Kratzer is the purchanging manager for the headquarters of a large Insurance chain with a central iventory operations. Thomas's fastest-moving inventory item has a demand of 7000 units/year. The cost of $200 and the inventory carrying cost is per unit per year. The average ordering cost is about five days for an order to arrive, and the demand for one week is units. (This is a corporate operation, and there are $10 $30 per order. It takes 110 250 working days/year) (Round each response to two decimal places. If its $2,509.97 put 2509.97) a. What is the EOQ? b. what is the average inventory if the EOQ is used? c. What is the optimal number of orders per year? d. what is the optimal number of days between any two orders? e. What is the annual cost of ordering and holding inventory? f. what is the total annual inventory cost, including cost of the demand units listed above? a= b= C d= e= fo
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