Items purchased from a vendor cost 40 each and the forecast, Ask an Expert

Management Studies

Items purchased from a vendor cost $40 each, and the forecast for the next year’s demand is 1,000 units. It costs $10 every time an order is placed and inventory held has a 5% cost of capital. What is the total average inventory holding cost for a year? (round your answer to the nearest dollar)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629046

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