iventory control and management, Operation Management

Nuvyug Industries Ltd. Has an annual requirement of 5,000 pieces of brake cylinders for its popular brand of golf
carts. Each brake cylinder has a carrying cost of ` 25 per unit per year. The ordering cost per order is ` 800.
Calculate the total inventory cost for the following values of number of orders: 5, 10, 20 and 25. Plot the various costs
with respect to these orders on a graph and use it to find the EOQ.

Related Discussions:- iventory control and management

Questions, A manufacturer of business copier workstations has a 75 percent ...

A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overead as

Explain important skills required to increase productivity, Important skill...

Important skills required to increase productivity, how a person will manage this in time. Please response fast. Tomorrow is my interview

Explain a pareto analysis of the errors, 1. Construct and inspect a control...

1. Construct and inspect a control chart for the packing slip data. 2. Construct a Pareto analysis of the errors. 3. What information might a separate chart for each error ca

Explain what is the economic order quantity technique, What is the Economic...

What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows?

Planning, factors of planning

factors of planning

P, Eric johnson determines his costs to be as follows labor $10 dollars per...

Eric johnson determines his costs to be as follows labor $10 dollars per hour Resin $5 per pound cpital expense : 1% per month of investment show the percent change in productivi

Describe the global nature of sourcing and distribution, Q1. Discuss The gl...

Q1. Discuss The global nature of sourcing and distribution Q2. Let's also take a look at some examples of organizations and their training programs. Take some time to research a

Policies that contribute and relate main business objectives, How can a fir...

How can a firm's security policies contribute and relate to the six main business objectives? Give examples.

Explain efficiency advantages of a new technology, Consider this scenario: ...

Consider this scenario: You are the senior executive responsible for technology innovation for Company A. The company learns of the cost and efficiency advantages of a new technolo

Determining Sample Design, Determining Sample Design: All the items ...

Determining Sample Design: All the items consideration in any field of inquiry constitute a universe or population. A complete enumeration of all the items in the populat

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages