Discount-lighting as part of its new jit program has signed, Ask an Expert

Management Studies

Discount-Lighting, as part of its new JIT program, has signed a long-term agreement with its supplier in China and will now be ordering these halogen lamps online. Ordering costs will drop to $.50 per order, but Discount-Lighting has also reassessed its carrying costs and has raised these to $20 per lamp.

What is the new economic order quantity?

How many orders will now be placed?

What is the total annual cost of managing the inventory with this policy?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92589484

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