### How much could the firm save annually in ordering

Assignment Help Operation Management
##### Reference no: EM13226250

A produce distributor uses 740 packing crates a month, which it purchases at a cost of \$10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are \$28. Currently the manager orders once a month.

How much could the firm save annually in ordering and carrying costs by using the EOQ?

#### Questions Cloud

 Determine how each corporate culture differ : Determine how each corporate culture differs from the other and analyze ways that each unique culture has benefited by the other's competition. Discuss a plan of action-personally implement to avoid : Discuss a plan of action that you and your partner would personally implement to avoid the following 4 main failure mechanisms of small businesses What is the minimum number of workstations needed : Cycle time min/cycle e. What output potential will result if the cycle time is (1) 9 minutes? (2) 15 minutes? Cycle Time Potential Output (1) units (2) units Explain synthesizing 2-choloro-3-methylbutane : Provides as many reasonable ways as possible of synthesizing 2-choloro-3-methylbutane as the major substrate product starting with substrates that contain 3 or more carbon atoms How much could the firm save annually in ordering : How much could the firm save annually in ordering and carrying costs by using the EOQ? Explain curved arrow notation for the conversion : provide a specific step by step mechanism ( with curved arrow notation) for the conversion of 4-hydroxybutanal to 4-chloro-1-butanol, and then from 4-chloro-1-butanol to tetrahydrofuran. Molarity and molality of acetone in this solution : An aqueous solution is prepared by diluting 3.30 mL acetone,(d= 0.789g/mL) with water to a final volume of 75.0 mL. The density of the solution is 0.993 g/mL. What is the molarity and molality of acetone in this solution? Understand reasons that cause a product to become unpopular : Discuss three products and/or services that seem to have declined in consumer demand, severely hurting these other firms. What is the effect of sampling at a higher rate on error : 1. What is the effect of sampling at a higher rate on the error performance of a digital modulation scheme 2. Suppose 16QAM was the modulation scheme used for this lab; would the error performance

### Write a Review

#### Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

#### Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

#### Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

An analysis of the holding costs, including the appropriate annual holding cost rate.

#### Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

#### Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

#### Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

#### Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

#### A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

#### Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

#### Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

#### Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.