(Answered) Abc hardware store is open for business 350 days a year

Management Studies

ABC Hardware store is open for business 350 days a year. Annual demand for a power cutter at this store is 700 units. Replenishment cost is $15 per order and annual inventory holding cost is 10% of the inventory value. ABC pays $20 for each power cutter . What is the economic order quantity for this cutter, and what is the reorder point if the lead time is 5 days and ABC policy is to keep a safety stock of 10 units?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91371793
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

In some organizations change implementation is carried out

In some organizations, change implementation is carried out under the guise of being a participatory effort when, in fact, the implementation has been carefully choreographed (micromanaged). What are some lasting side ef ...

Briefly describe a how personality develops over time b the

Briefly describe: (a) how personality develops over time, (b) the degree to which it becomes stable and when, and (c) general shifts that occur for most people moving into adulthood.

In this discussion topic we will explore some resources

In this discussion topic, we will explore some resources that are designed to help students understand the concept of a literature review. Please browse these resources and then complete the discussion post below. The ar ...

What would you regard as the limitations of planning as a

What would you regard as the limitations of planning as a management's function?

What are some specific policies strategies and techniques

What are some specific policies, strategies, and techniques that could be employed by the organization and the employee to minimize the issue of unauthorized machines?

Give an example of a merger or acquisition where technology

Give an example of a merger or acquisition where technology contributed to its failure to produce desired outcomes. What reasons caused the failure? What actions might have helped ensure success?

Do you all believe that a good analogy could be made by

Do you all believe that a good analogy could be made by using i.e. Maslow's criterion (possibly learned in earlier business classes); namely that need can give a person positive feelings? Do you all envision that early e ...

Business analytics and statistics research report

Business Analytics and Statistics Research Report Assignment - You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in presentation and contain insightful cont ...

Northwestern memorial hospitalmany in the chicagoland

"Northwestern Memorial Hospital" Many in the Chicagoland region and around the nation would consider Northwestern Memorial Hospital (NMH), a 146-year-old institution, to be among the very best teaching hospitals. It has ...

Discuss strategies to obtain feedback from a customer and

Discuss strategies to obtain feedback from a customer and clients when working in sales.

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

Recent Questions

Ask Business Management Expert