One of the important reasons for carrying inventory is to
A shop owner with an annual constant demand of ‘H' units has ordering costs of Rs. ‘CO’ per order and carrying costs Rs, ‘CC’ per unit per year. The economic order quantity for a purchasing model having no shortage may be determined from
Which of the following is not a part of inventory Carrying Cost?
Setup costs do not include
In the basic EOQ model, if demand is ₹60 per month, ordering cost is ₹12 per order, holding cost is ₹10 per unit per month, what is the EOQ?
ABC analysis deals with
ABC analysis is technique of inventory control.
In ABC analysis of inventory control ‘A’ items have
In ABC analyses, item ‘A’ are high usage, valued item and extra care is required for these items.
In ABC analysis, the following is true for ‘C ’ items:
Which one of the following statements about PRS (Periodic Reordering System) in not true?
An item can be purchased for ₹100. The ordering cost is ₹200 and the inventory carrying cost is 10% of the item cost per annum. If the annual demand is 4000 units, the economic order quantity (in units) is