Solution-How much money would we save by switching to the

How much money would we save by switching to the eoq

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Reference no: EM132723149

Annual demand for a particular inventory item is 8000 units. It costs $50 to place an order for this item, and to hold one unit in inventory for a year costs $3.50. Suppose we currently order this item using a fixed order quantity of 700 units. How much money would we save by switching to the EOQ? (Round to 2 decimal places)

Reference no: EM132723149

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How much money would we save by switching to the eoq

Reference no: EM132723149

Reference no: EM132723149

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