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QUESTION
OM4- Can you please explain the following... What is the number of orders per year if the manager uses the Economic Order Quantity?
OM4- Can you please explain the following...What is the number of orders per year if the manager uses the Economic Order Quantity? Based on info below.A flower shop uses 800 clay pots a month. The pots are purchased at $2 each. Annual carrying costs are estimated at $0.60 per pot per year and ordering costs are $20 per order. The manager has been currently using an order size of 1600 flower pots per order.
OM4- Can you please explain the following...What is the number of orders per year if the manager uses the Economic OrderQuantity? Based on info below.A flower shop uses 800 clay pots a month....