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Thoman Krutze is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest moving inventory item
Thoman Krutze is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest moving inventory item has a demand of 6,000 units per year. The cost of each units $100.00, and the invertory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order it takes about 5 days for an order to amive, and the demand for 1 week is 120 units. (This is a corporate operation, and there we 250 working days per year) a) What is the EOQ?unts pound your response to two decimal places! bij What is the average inventory the EOQ is used?unts round your response to two decimal places) c) What is the optimal number of orders per year? orders round your response to two decimal place days (round your response to two decimal places) What is the optimal number of days in between any two orders What is the annual cost of ordering and holding invertory? $ per year (round your response to two decimal places t) What is the tal annual inventory cost, including the cost of the 6,000 units per year pound your response to two decimal places) Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6,000 units per year. The cost of each unit is $10000 and the inventory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order. It takes about 5 days for an order to anive, and the demand for 1 week is 120 units. (This is a corporate operation and there are 250 working days per year) a) What is the EOQ? units (round your response to two decimal places) b) What is the average inventory the EOQ is used? unts round your response to two decimal places orders (round your response to two decimal places days pound your response to two decimal places year round your response to two decimal places c) What is the optimal number of orders per year? d) What The optimal number of days in between any two orders? What is the annual cost of ordering and holding invertory? $ per What is the total annual inventory cost, including the cost of the 0.000 unts? $ per year round your response to a decimal places Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6000 uns per year. The cost of each unit $100.00, and the inventory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order. It takes about 5 days for an order to antive, and the demand for 1 week is 120 units (This is a corporate operation, and there are 250 working days per year) al What is the EOQ?unts pround your response to two decimal places b) What is the average inventory the EOQ is used? units round your response to two decimal places c) What is the optimal number of orders per year? orders pround your response to two decimal places) d) What is the optimal number of days in between any two orders? days (round your response to two decimal places) ej What is the annual cost of ordering and hotting invertory? 5 per year round your response to two decimal place 1) What is the total annual inventory cost, inducing the cost of the 6,000 units? per year round your response to two decimal places Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand $100.00, and the inventory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 12 there are 250 working days per year) a) What is the EOQ? units (round your response to two decimal places) b) What is the average inventory if the EOQ is used? units (round your response to two decimal places) c) What is the optimal number of orders per year? orders (round your response to two decimal places). d) What is the optimal number of days in between any two orders? days (round your response to two decimal places). e) What is the annual cost of ordering and holding inventory? $ per year (round your response to two decimal places). f) What is the total annual inventory cost, including the cost of the 6,000 units? $ per year (round your response to two decimal places) surance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6,000 units per year. The cost of each unit is age ordering cost is $30.00 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is a corporate operation, and esponse to two decimal places). sponse to two decimal places). (round your response to two decimal places). (round your response to two decimal places). its? $ per year (round your response to two decimal places)
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