Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask HR Management Expert

Management Studies


Home >> HR Management

A wholesale company is reviewing its inventory costs for a high volume item which has an annual demand of 72,000 units, with a per unit purchase price of $10. The ordering cost is estimated at $25, and the annual inventory carrying cost for the warehouse is computed at 30% of the price while the in-transit shipping factor is 13%. The in-transit shipping time is 14 days.

Forecasted average demand is 200 units per day, with a standard deviation of the forecast error of 20 units per day. The average order lead time is 16 days with a satndard deviation of order lead time of 3 days. A 98% customer service level is to be maintained. There are 360 days in a year.

What is the annual carrying cost for this product?

What is the annual ordering cost for this product?

What is the cost of holding safety stock for this product?

What is the annual in-transit carrying cost for this product?

What is the total annual cost of this product?

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M92589165

Have any Question?


Related Questions in HR Management

Question explain why the four steps involved in the control

Question: Explain why the four steps involved in the control function are important. How are the various ratios used by accountants and managers differently in the control function? Support your claims with specific exam ...

Discussion supply chainunderstanding supply chain and how

Discussion: Supply Chain Understanding supply chain and how the consumer can play a critical role in the supply chain is an important part of developing and implementing a strategy. There are many products and services t ...

Question 1 labor unions love lsquoem or hate lsquoem

Question 1: Labor Unions: Love ‘em or Hate ‘em? (Everyone responds) Conduct an internet search and look for data on union membership today in the US. What is the status of union membership today? What are the experts say ...

1 what are the procedural law steps from the time a person

1. What are the procedural law steps from the time a person is arrested until they are sentenced. 2. Prepare a report on order winning criteria described by Terry Hill. 3. What is the impact of the internet on internatio ...

Question how can leaders in an organization use

Question: How can leaders in an organization use multiculturalism to build a company culture, which promotes inclusiveness? Explain. The response must be typed, single spaced, must be in times new roman font (size 12) an ...

Question when a restaurant employee slipped on a spilled

Question: When a restaurant employee slipped on a spilled soup and fell, requiring the evening off to recover, the owner realized that workplace safety was an issue to which she had not devoted much time. A friend warned ...

Question strategic planning and financial planningprior to

Question: Strategic Planning and Financial Planning Prior to completing this discussion, read Chapter 13 from your course text. Select a health care organization and answer the following questions as they relate to your ...

The saugatuck soda company uses an average of 2300 kg of

The Saugatuck Soda Company uses an average of 2,300 kg of sugar per day in producing its premium soda. Their production facility operate 350 days per year. They purchase sugar at $0.40/kg delivered. It costs Saugatuck $2 ...

Question systems development life cycle sdlcpart a chapter

Question: Systems Development Life Cycle (SDLC) Part A (Chapter 4)1. Think about the improvements you would make to your current or previous organization's Resource Information Systems (HRIS). Review the Systems Developm ...

It is claimed that no qualitative forecasting method is

It is claimed that no qualitative forecasting method is completely qualitative (there are quantitative elements involved), and also that no quantitative forecasting method is completely quantitative (that there are quali ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved