What benefit would utilize the optimal order quantity yield, Operation Management

Assignment Help:

Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying cost per pot are estimated to be 30 percent of the cost and ordering costs are $20 per order. The manager has been using an order size of 1500 flower pots.

a. What additional annual cost is the shop incurring by staying with this order size?

b. Other than cost savings, what benefit would using the optimal order quantity yield?

Please explain when answered so I can understand it. Thanks a bunch


Related Discussions:- What benefit would utilize the optimal order quantity yield

Explain postive reinforcement and executive conditioning, A manager nodding...

A manager nodding to express to a subordinate who is making a useful comment during a staff meeting is a example of/1.equity exchange/2.postive reinforcement/3 executive conditioni

Describe reducing equipment in the production process, Design for manufactu...

Design for manufacturing and assembly delivers product improvements by emphasizing which of the following? Reducing product quality during the assembly process Simplification

Explain how is samsung currently performing, 1. In what ways has Samsung's ...

1. In what ways has Samsung's multibusiness model changed overtime? Why did its top managers make these changes? 2. How is Samsung currently performing/ What kinds of changes is

Describe the advantages of using work sampling, Discuss the advantages of u...

Discuss the advantages of using work sampling to understand how employees allocate their time among work activities.

HIM Functions, You have been hired as the Director of HIM for Runnels-Popla...

You have been hired as the Director of HIM for Runnels-Poplar General Hospital, which is a new 250-bed facility that opens in six months. You are responsible for determining and de

Explain is not one of the three types of specifications, Which of the follo...

Which of the following is not one of the three types of specifications discussed in the text? Answer Design specifications Material specifications Performance specifica

Compare as well contrast copyrights, Compare and contrast patents, copyrigh...

Compare and contrast patents, copyrights, and trademarks. Evaluate how these provisions can improve the financial position of a small business.

Linebalancing, what do you understand by "line balancing"? What happens if ...

what do you understand by "line balancing"? What happens if balance doesn''t exist ?

Explain what is your understanding of the term brand equity, What is your u...

What is your understanding of the term: Brand Equity?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd