Calculate the average time a unit spends in inventory

Assignment Help Business Management

Reference no: EM133624765

Problem: Demand for a 48 oz container of a popular infant formula at Sam's Club is constant at 289 units per month. Sam's Club incurs a fixed order cost of $2,372 each time it places an order. The holding cost per unit per year is 17% of the purchase cost per unit of $59. Currently, Sam's Club orders 417 units whenever it places an order. The lead time to receive the order is 9 days. Assume Sam's Club operates 364 days, 52 weeks, and 12 months per year. Calculate the average time a unit spends in inventory in days for the current policy.

Reference no: EM133624765

Questions Cloud

Explain social learning theory and biosocial theory : Briefly summarize and explain social learning theory and biosocial theory explain how it affects individual's gender development?

How can project managers use the metrics to optimize project : How can project managers use these metrics to optimize project timelines and resources? Provide some examples of decisions that could impacted by the metrics.

Does a person move through the stages in a linear fashion : Does a person move through the stages in a linear fashion? What have you read or experienced about grief to support your answer?

Discussing human behaviour and development : Demonstrate an understanding of biological, sociological and psychological factors and the influence they have on the human development across the lifespan

Calculate the average time a unit spends in inventory : Assume Sam's Club operates 364 days, 52 weeks, and 12 months per year. Calculate the average time a unit spends in inventory in days for the current policy.

Examine the risk factors that could have influenced sham : Illustrate the rehabilitation approach that would likely be used to reduce Sham's risk of future violent extremism and the threat that he might pose

Describe the importance of social services : Describe the importance of social services with vulnerable populations. Describe why the development of this homelessness initiative is necessary

How is the limitation in chassis supply affecting ports : How is the limitation in chassis supply affecting ports? How is the limitation in labor affecting ports? What are some ways to make ports more efficient?

What chart is the most appropriate to visualize the data : You are analyzing the types of jobs that business undergraduates from ASU are getting. What chart is the most appropriate to visualize this data?

User Account

All Pages