Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

operations mangement help

As the production manager, you need to minimize both ordering and inventory costs. You need to provide a recommendation of the optimal order quantity of raw materials to your plant manager. Your objective is to determine the economic order quantity (EOQ). If the annual demand for Ultamyacin at Smitheford is 400,000 units, then the annual carrying cost rate is 15% of the cost of the unit. The product costs $48/unit to purchase, and the product ordering cost is $28.00.In your report, discuss information based on the following questions:What is the basic EOQ?What is the TC (total cost) at the EOQ?How much would the TC increase if the order quantity must be 1,000 units?How is JIT (just-in-time) ordering methodology different from EOQ methodology?Show all your calculations.

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!

OUR PROCESS

Order

Payment

Writing

Delivery

Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

750_1000 words

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"FIRST15"

Order Now