Business, 12.07.2019 04:20 momneedshelphmwk

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 5900 units per year. the cost of each unit is $97, and the inventory carrying cost is $11 per unit per year. the average ordering cost is $31 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 118 units. (this is a corporate operation, and there are 250 working days per year).a) what is the ) what is the average inventory if the eoq is used ) what is the optimal number of orders per year? ) what is the optimal number of days in between any two ) what is the annual cost of ordering and holding inventory? yearf) what is the total annual inventory cost, including the cost of the 5900 units? year

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