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A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food. The annual holding cost rate is $2 per bag. Lead time is two weeks.
a. Calculate the economic order quantity
b. Calculate the total annual cost
c. Determine the reorder point
A stock out occurs when supply exceeds demand during the lead time
minimise the operation procedure
Should the plant manager come from inside the current managerial ranks or be sought from outside?
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What are the essential components of a well-balanced marketing plan?
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