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How many cases of cereal should morning glory order

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Morning Glory buys cereal directly from the manufacturer for $20 per case. The company's annual demand for cereal is 200,000 cases and the company believes that the demand is constant for each of the 250 days per year that it is open for business. Average lead time from the supplier for new orders is a constant 8 days. The purchasing agent at Morning Glory estimates the annual inventory carrying cost is 10% and it costs approximately $40 to prepare, send, and receive an order

a) Based on the economic order quantity, how many cases of cereal should Morning Glory order each time it places an order?

Reference no: EM132720737

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