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Toyota manages its inventory using Just-In-Time (JIT) inventory management. In March 2042, the following data is provided: Annual Demand: 200,000 units Order Cost: $1,000 per
Toyota manages its inventory using Just-In-Time (JIT) inventory management. In March 2042, the following data is provided:
- Annual Demand: 200,000 units
- Order Cost: $1,000 per order
- Holding Cost per Unit: $10
Requirements:
- Calculate the Economic Order Quantity (EOQ).
- Determine the total inventory cost.
- Prepare a report on inventory management efficiency.
- Recommend strategies to optimize inventory levels.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
