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Garden Variety Flower Shop uses 760 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. The manager has been using an order size of 1,500 flower pots.
a. What additional annual cost is the shop incurring by staying with this order size? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
b. Other than cost savings, what benefit would using the optimal order quantity yield? (Round your answer to the nearest whole percent. Omit the "%" sign in your response.)
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Control Chart - Sample Mean Chart & Sample Range Chart As sample values are progressively plotted on the charts, they are examined for patterns which may be tested against a s
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Strategies for Improving Productivity Attempts to improve the productivity of an organisation require the manager to become involved in the management of change. Without the a
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