Assignment:
Zen bycles ltd sources 3000 seat covers for its bicycles from an outside suppliers. The OC is Rs.10 per order and CC is Rs.6 per unit per year. The company has 300 working days per year. Find a) EOQ b) Number of order per year c) Total inventory cost d) Number of inventory cycles in a year e) Duration of an inventory cycle.
Provide complete and step by step solution for the question and show calculations and use formulas.