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A fresh produce distributor uses 860 non returnable packing crates month which it purchases at cost of $3 each The manager has assigned an annual holding cost of 20 percent of the purchase price per crate. Ordering cost is $3 per order. Currently the manager orders 860 crates at a time. How much could the time save annually in ordering and holding costs by using the EOQ? (Round the final answer to 2 decimal places.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92471860

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