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Information given: Annual demand 18,150 Cost per unit $69.92 Inventory carrying cost throughout the supply chain is 29.1% Total transit time is 39...
Information given:
Annual demand 18,150
Cost per unit $69.92
Inventory carrying cost throughout the supply chain is 29.1%
Total transit time is 39 days
Transport costs = $,4079.61
Question:
Inventory Carrying Costs are based on the value of the product at the time it is held in inventory. What is the IN-TRANSIT CARRYING COST PER UNIT (in dollars and cents)
I may be overthinking this, but I already calculated inventory carrying cost for an EOQ equation as $20.35 per unit. It doesn't seem right that this would be the same for in transit carrying cost. However, it says the carrying cost is 29.1% Throughout the supply chain... So I think it may be the same as the regular inventory carrying cost.
