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Question No-4 Why controlling of inventory is important? What is bin card? Draw a bin card. The purchase price of products raw materials is $20

Question No-4

  1. Why controlling of inventory is important?
  2. What is bin card? Draw a bin card.
  3. The purchase price of products raw materials is $20 where the annual demand is 50000 units. The holding cost per unit $5 and the cost of ordering an order s 100. Using the trial and error method find the EOQ.

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