Illustrate what is the annual cost of ordering

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Reference no: EM1382660

Q. 1. A grocery store carries a particular brand of coffee which has the following characteristics:
Sales = 10 cases per week
Ordering cost = $10 per order
Carrying charge = 30 % per year
Item cost = $80 per case

a. Elucidate how many cases should be ordered at a time?

b. Elucidate how often will coffee be ordered?

c. Illustrate what is the annual cost of ordering and carrying coffee?

d. Illustrate what factors might cause the company to order a larger or smaller amount than the EOQ?

Reference no: EM1382660

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