Determining economic order size, Business Management

Assignment Help:

Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic lot quantity and economic buying quantity, the most advantageous economic quantity will be a point where the acquisition costs and inventory storing costs are equal. I ,e, where total costs to order and to carry material minimum ascertaining.

Related Discussions:- Determining economic order size

What is meant by focused differentiation, ? A) Concentrating on a particula...

? A) Concentrating on a particular feature of a product or service to attain differentiation ? B) Concentrating on differentiation as the primary means of achieving competitive

Identify and describe some of the environmental factors, QUESTION Growt...

QUESTION Growth and development can be influenced by two sets of factors- The first set of factors cannot be easily modified. They are what we call inherited characteristics

Thoughts of douglas mcgregor about management, Illustrates the thoughts of ...

Illustrates the thoughts of Douglas McGregor about management? Accroding to Douglas McGregor: Theory ‘X’ and ‘Y’, are theories put forward through Douglas McGregor. The th

Project, critical evaluation of CSR activities of Oracle?

critical evaluation of CSR activities of Oracle?

Advantages of a good material handling systems, Advantages of a Good Mater...

Advantages of a Good Material Handling Systems: The followings advantages are availed from an efficient material handling system. 1. A good material handling sys

Explain the components of the specific business environment, Question: ...

Question: (a) Frederick Taylor observed that workers worked below their optimum level (soldiering). He thus devised systematic methods based on a set of principles. These princ

Describe the three communication channels, QUESTION (a) Your director h...

QUESTION (a) Your director has requested you to explain to newly recruited officers of the marketing department the importance of developing presentation skills and the differe

Merits of specialisation include-exquisite flowers, Merits of specialisatio...

Merits of specialisation include: Being able to provide a focused, specific and personalized service to their customers means that sole traders can thrive solitary tra

Advantages and disadvantages of ib4e, Over the past few years, the company ...

Over the past few years, the company iB4e has underperformed compared with its competitors which enjoy stronger brand recognition. In addition, lots of experienced staff responsibl

Management, tell me the functions of lower management ?

tell me the functions of lower management ?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages