Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Garden Variety Flower Shop employs 1000 clay pots the month. The pots are bought at $3 each. Annual carrying costs for each pot are approximated to be 25% of cost, and ordering costs are $25 per order.

a. Find out the economic order quantity.

b. Evaluate the total cost of carrying and ordering clay pots.

c. If manager has been using the order size of 2,000 pots, how much can be saved per year by enhancing the inventory policy?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M914672

Have any Question? 


Related Questions in Project Management

1 how can an organization make its competitive advantages

1. How can an organization make its competitive advantages sustainable over time? How difficult is it to create sustainable competitive advantages? 2. What benefits do marketing managers gain from planning? Is planning n ...

1 strongest and most persuasive arguments in favor of a

1. strongest and most persuasive arguments in favor of a board's consideration in favors of its social responsibility when reaching decisions?

The mens department of a large store employs one tailor for

the men's department of a large store employs one tailor for customer fitting, the number of customers requiring fitting appear to follow a poison distribution with mean arrival rate of 24per/hr, customers are fitted on ...

1 identify organizations in your area that fit each

1. Identify organizations in your area that fit each business market category-producer, reseller, government, and institutional. Explain your classifications. 2. Indicate the method of buying (description, inspection, sa ...

Describe the bomb calorimeter used for the determination of

Describe the bomb calorimeter used for the determination of calorific valve with the help of neat diagram.

Describe the two main physical causes answer number of

Describe the two main physical causes (Answer: Number of particle and interparticle distance or particle density) that make classical Newtonian and classical statistical mechanics inadequate to describe the motion of ele ...

A common problem during communication occurs when you

A common problem during communication occurs when you encounter two stakeholders who have conflicting ideas about what the software should be. That is, you have mutually conflicting requirements. Develop a process patter ...

Gary gorton a professor at yale university has compared

Gary Gorton, a professor at Yale University, has compared repurchase agreements used by shadow banks to bank deposits in commercial banks. He notes that: "If the depositors become concerned that their deposits are not sa ...

If you view systems development as a question and-answer

If you view systems development as a question and-answer session, another question you could ask is, "Why do organizations develop IT systems?" Consider what you believe to be the five most important reasons organization ...

Can you access all the it systems at your college or

Can you access all the IT systems at your college or university? What about payroll or grade information on yourself or others? What kinds of controls has your college or university implemented to prevent the misuse of i ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen