Iskandar Corporation estimated that its inventory requirement for next year is 320,000 units. The purchase price is RM3.50 per unit and inventory will be delivered within two weeks after placing the order. Carrying cost per unit is 20% of the retail price and the cost per order is RM45. Orders must be placed in multiple 100 units and the desired safety stock is 8,000 units. Assume there are 50 weeks in a year.
Calculate:
I) Economic Order Quantity (EOQ)
II) Orders to be placed in a year

Question

02-07-2024
Business

Answered

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Iskandar Corporation estimated that its inventory requirement for next year is 320,000 units. The purchase price is RM3.50 per unit and inventory will be delivered within two weeks after placing the order. Carrying cost per unit is 20% of the retail price and the cost per order is RM45. Orders must be placed in multiple 100 units and the desired safety stock is 8,000 units. Assume there are 50 weeks in a year.
Calculate:
I) Economic Order Quantity (EOQ)
II) Orders to be placed in a year

Sagot :

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