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The sales forecast of a popular product sold by PSC Retailers Limited is 6 0 0 0 0 0 units for the forthcoming financial year.
The sales forecast of a popular product sold by PSC Retailers Limited is units for the forthcoming financial year. It is estimated that PSC Retailers will purchase each unit of the product for R The carrying cost of inventory equals of the purchase price of goods. The ordering cost is R per order. Two days are required for delivery. The desired safety stock for PSC Retailers is units. This amount is on hand.
Required: round off to nearest whole number
Determine the number of orders for the product to be placed next year.
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