Assignment:
The following table shows the inventory data for the six items stocked by Apex Enterprises:
Lynn Robinson, Apex's inventory manager, does not feel that all the items can be controlled. What ordered quantities do you recommend for which inventory product(s)?
|
Item Code
|
Unit Cost
|
Annual Demand (units)
|
Ordering Cost
|
Carrying Cost As A Percent of Unit Cost
|
|
1
|
$150000
|
560
|
$40
|
15
|
|
2
|
$ 4.10
|
490
|
$40
|
17
|
|
3
|
$2.25
|
500
|
$50
|
15
|
|
4
|
$10.60
|
600
|
$40
|
20
|
|
5
|
$4.00
|
540
|
$35
|
16
|
|
6
|
$11.00
|
450
|
$30
|
25
|