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Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ) for controlling inventory. She wants to apply the
Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ) for controlling inventory. She wants to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 60 units/week with an ordering cost of $300 /order. The cost of carrying a Super-Z Wedge in inventory is $45.00 /unit/year. Assume 50 work weeks in a year. The order replenishment lead time is 3 weeks. What is the Order Point (re-order point) assuming demand is known and constant
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