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The average demand for a particular part is 29 units a day. It costs $60 to place an order, and the inventory carrying cost is
The average demand for a particular part is 29 units a day. It costs $60 to place an order, and the inventory carrying cost is $10 per unit per year. Assume 250 working days a year. The part requires a 95% of service level with a safety stock requirement of 22 units. What is the average inventory of the part at any given time?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
