How much could they save by ordering the eoq amount

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Reference no: EM13226160

A large law firm uses an average of 10 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling costs for the paper are $4 a year per box, and it costs approximately $52 to order and receive a shipment of paper. What is the optimal order quantity (EOQ)? Determine the total costs of ordering and holding inventory for the year. Suppose the company currently orders paper once every other week, how much could they save by ordering the EOQ amount when they order?

Reference no: EM13226160

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