What benefit would utilize the optimal order quantity yield, Operation Management

Assignment Help:

Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying cost per pot are estimated to be 30 percent of the cost and ordering costs are $20 per order. The manager has been using an order size of 1500 flower pots.

a. What additional annual cost is the shop incurring by staying with this order size?

b. Other than cost savings, what benefit would using the optimal order quantity yield?

Please explain when answered so I can understand it. Thanks a bunch


Related Discussions:- What benefit would utilize the optimal order quantity yield

Explain the options a manager has to stimulate change, What are the options...

What are the options a manager has to stimulate change? Give an example of each. What is meant by the "Calm Waters metaphor?; the "White Rapids "metaphor? What internal and externa

Discuss three key problems, In "Consequence Management in the 1995 Sarin At...

In "Consequence Management in the 1995 Sarin Attacks on the Japanese Subway System", what were some of the key problems confronting Japanese first responders to the chemical attack

Explain what are competencies, What are "competencies?" Explain, and provid...

What are "competencies?" Explain, and provide two or three examples.

What is lowest possible cost, Doing something at the lowest possible cost i...

Doing something at the lowest possible cost is called: ________________. Effectiveness Efficiency Productivity Evaluation Application

Explain meditech''s problems in introducing new products, 1. What are Medit...

1. What are Meditech's problems in introducing new products? In manufacturing ALL products? 2. What is driving these problems, both systematically and organizationally? 3. Wh

Explain how can the organizations prepare, Look into the future. Conside...

Look into the future. Consider trends in society, technology, economics, environmentalism, and politics that can influence the future of W. L. Gore & Associates and Google, Inc.

What are the possible to use a ti-84 calculator, To test H0: p=.35 versus h...

To test H0: p=.35 versus h1:p Please let me know if it is possible to use a ti-84 calculator ? = Power =

Explain what is the time between orders, Hottenstein, Griffith, and Hult, a...

Hottenstein, Griffith, and Hult, attorneys at law, do a great deal of printing. The firm uses a single type of printer with annual demand for print cartridges of 480 per year. The

Describe perfecting project management, Read the required article "Perfecti...

Read the required article "Perfecting Project Management" by Drew Robb. List three ways a project manager could use the data described in the article to keep the project on track a

Write Your Message!

Captcha
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