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The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million.
Express total inventory as-
a) Weeks of supply
b) Inventory turns
Define the periodic inventory control systems. Periodic (or bin) Inventory Control Systems: Stock levels are reviewed at pre-found intervals of time and an order is posit
HR use of social media it is for a term paper and i am just collecting some data and ideas.
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If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?
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