Total ordering and holding costs, Marketing Management

A manufacturing company has determined from an analysis from its accounting and its production data for a certain part that its demand is 9000 units/annum and is uniformly distributed over the year. Its cost is Rs 2/unit and its ordering cost is Rs 40/order and Inventory carrying charge is 9% of the Inventory value. Further, it is known that the lead time is uniform and equal 8 working days and that the total working days in a year are 300.

Determine the:

(i) EOQ

(ii) Optimum no of orders/annum

(iii) Total ordering and holding costs associated with the policy of ordering an amount equal to EOQ

(iv) The reorder level

(v) The no of days stock at reorder level

(vi) The length of the inventory cycle

Posted Date: 3/2/2013 6:31:09 AM | Location : United States







Related Discussions:- Total ordering and holding costs, Assignment Help, Ask Question on Total ordering and holding costs, Get Answer, Expert's Help, Total ordering and holding costs Discussions

Write discussion on Total ordering and holding costs
Your posts are moderated
Related Questions


DRAW THE TYPICAL PROFILES OF SHOPPERS STOP CUSTOMER SEGMENT

Question: (i) Identify and illustrate five trends for travel demand. (ii) Show how these trends would have an impact on the supply of air travel, assuming that there is a

Q.  Describe the nature & scope of marketing & importance of marketing? Ans.:  Nature & Scope of Marketing: Marketing is an ancient art and is everywhere. Formally or info

Define the nature of personal selling within significant points. Nature of personal selling: There are different types of sales jobs utilize to sell the product of the

Elaborate the term Brand in brief. Brand: Brand is nothing but a method of creating an identity for a product somewhat as Amitabh Bachan whose name suggests a certain ide

We have just completed another Election process. Think of some of the political advertisement you were bombarded with during the last few months. What types of media were used in t

Question: In the context of a product from the fashion industry: a. Describe the concept of a product as a tangible and intangible "bundle of benefits? that provide