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Use following information from KMK Brewery Inc. Annual Demand: 3,600 beer cases Case value: $60 each Inv Carrying Cost: 20% Ordering Cost: $1000 360 days
Use following information from KMK Brewery Inc.
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Annual Demand: 3,600 beer cases
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Case value: $60 each
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Inv Carrying Cost: 20%
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Ordering Cost: $1000
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360 days per year
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Determine the holding/ ordering cost when placing 500 cases per order
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Determine the holding/ ordering cost when placing 1000 cases per order
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Draw the inventory flow diagram of the two situations
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Determine the Economic Order Quantity
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