Total cost of their inventory for item

Assignment Help Business Management
Reference no: EM131250232

Atherton Foods is seeking to better manage its inventories. The first item they want to examine has the following characteristics sells for $1.28/unit. It costs them 25 percent of the average value of the inventory of this item to hold it; they use 72,000 of them during a typical year. Cost studies have shown them that it costs $20.00 to place an order for more it, and once that order is placed it takes 5 days to receive the item. Assume a year has 360 days.

1. If they wish to minimize the total cost of their inventory for this item, how many should they order each time they place an order?

2. How many units should be left when they place their next order?

3. Assuming they buy the number of items you determined in qustion 1 above, how many orders will they place each year?

Reference no: EM131250232

Questions Cloud

Minimize the total cost of inventory : 1. If they wish to minimize the total cost of their inventory for this item, how many should they order each time they place an order? 2. How many units should be left when they place their next order?
What technical architecture supports these transactions : What technical architecture supports these transactions? What are the benefits and drawbacks of the B2B arrangement that this company engages?
Expatriate management at astrazeneca : The week six assignment is to complete and discuss the case study: "Expatriate Management at AstraZeneca" (page 325)
Explain the inferences being made : Explain the inferences being made, and do not simply give a book report of the premises and conclusions.
Total cost of their inventory for item : 1. If they wish to minimize the total cost of their inventory for this item, how many should they order each time they place an order? 2. How many units should be left when they place their next order? 3. Assuming they buy the number of items you d..
Explain the methods that you will use to display the data : Explain the data that you plan to collect. Explain the data analysis methods that you will use after you collect the data. Explain the methods that you will use to display the data.
Calculate the cutoff value of d : Under what conditions on d is there a subgame perfect equilibrium that supports both players selecting C each period?
Concept of utilitarianism : Was the greater good satisfied even though you broke the law and stole food? Was the concept of utilitarianism met? Should we even consider breaking the law to satisfy some other ethical theory?
Were any of the amendments violated : Can you suggest an interrogation method or strategy that may have affected the outcome of the case? Explain. What would you have done differently? What safeguards would you implement to prevent wrongful convictions as the result of false confessions?

Reviews

Write a Review

Business Management Questions & Answers

  1needs assessmentif you had to conduct a needs assessment

1.needs assessmentif you had to conduct a needs assessment for your current employer or most recent if not currently

  Environmental issues faced by business and society

Environmental Issues Faced by Business and Society

  Questions related to organizational culture

How do the values and ethics of senior management affect organizational culture and what elements of organizational culture impact the effectiveness of work teams in the organization?

  What a sip trunk is

Write a 500-word paper explains what a SIP trunk is, you would use a SIP trunk, the equipment required for its use, and any RFCs that discuss SIP trunking.

  Addresses leaders in high power distance cultures

Addresses leaders in high power distance cultures - Leaders in high power distance cultures would be most characterized

  Drawbacks to a mexican economy when cemex invests

What benefits does Cemex's bring to the countries that it enters? Are there any drawbacks to a Mexican economy when Cemex's invests outward?

  Describe four types of audit opinions green and associates

Describe four types of audit opinions Green and Associates may provide at the conclusion of a corporate financial audit. Specifically, describe and illustrate an unqualified,

  Descriptions of the work environments

When reviewing the descriptions of the work environments, identify elements that appear to foster employee motivation and group cohesion among employees.

  Definition of competencies initiative adaptability to

definition of competencies initiative adaptability to changes continual learning teamwork amp cooperation analytical

  Organization in a decentralized manner

Organizations like Whole Foods need to follow the principles of Henri Fayol, such as the "unity of command." What is unity of command? Whole Foods structures its organization in a decentralized manner. What does that mean for the company's operatio..

  How much does being a larger, more diversified apparel

How much does being a larger, more diversified apparel and footwear company increase VF's market power over its suppliers or customers? How could we assess how much this is worth?

  Prepare a list summarizing your findings in your own words

From three companies or organizations, investigate specific restrictions. What do these organizations allow and restrict? Prepare a list summarizing your findings in your own words.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd