Garden variety flower shop uses 750 clay pots a month the, Ask an Expert

Management Studies

Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying cost per pot are estimated to be 30 percent of the cost and ordering costs are $20 per order. The manager has been using an order size of 1500 flower pots.

a. What additional annual cost is the shop incurring by staying with this order size?

b. Other than cost savings, what benefit would using the optimal order quantity yield?

Please explain when answered so I can understand it. Thanks a bunch

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9613485

Have any Question?Write your Review or question?

Related Questions in Operation Management

Provide complete and detailed responses to each question

Provide complete and detailed responses to each question. Your paper must be at least four pages in length. The Closing and Relocation of a Call Center In this case study, you are the regional human resource director for ...

1 explain the average annual cost function gq2nbspwhat is

1. Explain the average annual cost function G(Q). 2. What is task Group engagement and how it can lead to a successful cooperative learning and group dynamics. What are common members basic assumptions, habits and behavi ...

1 explain briefly about the ethnocentric global pricing

1. Explain briefly about the ethnocentric global pricing policy. 2. How can training contribute to a sustainability initiative? 3. Explain the criteria to be assessed when selecting a potential target market for export.

1 what are the criteria for successful market segmentation2

1. What are the criteria for successful market segmentation? 2. Explain the importance of market segmentation. 3. What primary factors make some stakeholders more important than others? How should high-priority stakehold ...

Privacy and security are two key reasons consumers are

Privacy and security are two key reasons consumers are leery of online shopping and buying. A recent Jupiter Research poll reported that 70 percent of online consumers are concerned about threats to their personal privac ...

1 a review that never mentions anything positive about the

1. A review that never mentions anything positive about the paper A. properly focuses on the errors and weaknesses in the writing without wasting time on complimenting the writer. B. is useful because it keeps the writer ...

Given the case information relevant to dispersed

Given the case information relevant to dispersed procurement activities across OnTarget, briefly discuss the interconnections to potentially reducing costs using ERP and the SCOR model framework to connect information fl ...

Using social media has streamlined a process that was an

Using social media has streamlined a process that was an elaborate process for the organization. It took great practice to find talent and there were many interview steps to help find candidates. Because social media has ...

One-page memowhat you need to do to complete this

One-Page Memo What you need to do to complete this assignment: We are using the same case for both the Discussion Question and the one-page memo. Make sure to answer and review the DQs first before completing the followi ...

1 pick a major strategic decision made by fedex in recent

1. Pick a major strategic decision made by FedEx in recent years, and try to think through the ethical implications of that decision. in the light of your review, do you think that the company acted correctly? 2. Compare ...

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 Operation Management Expert