This paper circulates around the core theme of For supply item MT, Bluesky Company has been ordering 150 units based on the recommendation of the salesperson who calls on the company monthly. The company has hired a new purchasing agent, who wants to start using the economic-order-quantity method and together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
For supply item MT, Bluesky Company has been ordering 150 units
based on the recommendation of the salesperson who calls on the company
monthly. The company has hired a new purchasing agent, who wants to
start using the economic-order-quantity method and its supporting
decision elements. She has gathered the following information:
Annual demand in units 300
Days used per year 300
Lead time, in days 20
Ordering costs $125
Annual unit carrying costs $25
Determine the EOQ, average inventory, orders per year, average daily
demand, reorder point, annual ordering costs, and annual carrying costs.
