Samantha Ross is the procurement manager for the headquarters of a large financial company chain with a central inventory operation. Ross's quick moving inventory item has a demand of 7000 units per year. Each unit cost $120, and the inventory holding cost is $15 per unit per year. The average ordering cost is $31 per order. It takes about 6 days for an order to arrive. This corporate operation and there are 250 working days. What is the WOW What is the average of the EOQ used What is the optimal number of orders per year What is the optimal number of days in between any two orders What is the annual cost of ordering and holding inventory Including the cost of 7000 units. What is the total annual inventory cost
Samantha Ross is the procurement manager for the headquarters of a large financial company chain with a central inventory operation. Ross's quick moving inventory item has a demand of 7000 units per year. Each unit cost $120, and the inventory holding cost is $15 per unit per year. The average ordering cost is $31 per order. It takes about 6 days for an order to arrive. This corporate operation and there are 250 working days.
What is the WOW
What is the average of the EOQ used
What is the optimal number of orders per year
What is the optimal number of days in between any two orders
What is the annual cost of ordering and holding inventory
Including the cost of 7000 units. What is the total annual inventory cost
What is the annual cost
What is the ROP
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