Q. An organisation ordered 10 orders each of size 200 units. The ordering cost i
Posted: January 19th, 2023
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Q. An organisation ordered 10 orders each of size 200 units. The ordering cost is ₹400 per order. The inventory carrying cost is 30% of the inventory value and the cost of purchase per unit is ₹500. Calculate EOQ and Total Cost. The purchase manager decides to place minimum order of 500 units to get a discount of 10%. Is his decision justified?
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