You are a purchasing manager for your company you know that, Ask an Expert

Management Studies

You are a purchasing manager for your company. You know that your monthly demand is 20,000 units. You estimate that your fixed ordering cost is $450 and the annual holding cost percentage is 15%. You sell the product for $80 and each unit is marked up $50 from the unit cost. (Round order quantities to whole numbers and cost values to 2 decimals)

(1) If you have one warehouse to store the inventory

a. What is the economic order quantity (EOQ) for the product?

b. What is the annual total cost (holding and setup) for having one warehouse?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92537574

Have any Question?Write your Review or question?

Related Questions in Operation Management

Adopting and implementing a policy governance model

"Adopting and Implementing a Policy Governance Model" discusses the mergers of two hospitals with different philosophies of governance. Compare the two philosophies of governance. Explain why the CEO suggested starting w ...

1 what role does a companys strategic plan play in the

1. What role does a company's strategic plan play in the process of financial management? Does it ever make sense for a profitable company with positive cash flow to seek external financing? Why or why not? 2. Details Re ...

1 discuss the impact of legal and regulatory issues on the

1. Discuss the impact of legal and regulatory issues on the virtual organization (JollyChic). 2. Look for data on companies that foter spirituality in the workplace in Canada and the Unted Stated . Can you darw any infer ...

Case study w l gore and associateshe was ready for

CASE STUDY : W. L. Gore and Associates He was ready for anything—or so he thought. Dressed in his finest and armed with an MBA degree fresh off the press, Jack Dougherty walked in for his first day of work at Newark, Del ...

Respond to these questions using a sample project of your

Respond to these questions using a sample project of your choice: Identify the risks associated planned procurement approach. Describe the probability that risks will occur and the impact if it does. Describe risk respon ...

1 what were the causes of the collapse of the soviet union

1. What were the causes of the Collapse of the Soviet Union? What role did Gorbachev Play in that process? 2. Select a personal or professional goal you want to achieve. Address each part of the SMART technique -- specif ...

1 interview an employee working in the same service

1. Interview an employee working in the same service business identified above. Ask the person to discuss each of the five dimensions of service quality with you as it relates to the person’s company. Which dimensions ar ...

1 describe how consumption and materialism impact the

1. Describe how consumption and materialism impact the physical environment? Give a few examples. Can our society continue to practice materialism and at the same time still become more sustainable? What are some things ...

Assignment - analysis of real mergeracquisition

Assignment - Analysis of Real Merger/Acquisition Cases Complete the following assignment and submit it to the Submissions Area. Using the Argosy library, Internet and other sources, locate two examples of mergers or acqu ...

Timing scheduling1 what does it mean to allocate

Timing + Scheduling 1. What does it mean to allocate advertising dollars throughout the year in relation to sales? What are the advantages and disadvantages of this strategy? 2. How can competitive advertising levels aff ...

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