Why should managers participate in the proposal development stage in the research process? Identify some consequences if the manager does not participate in this stage
What is the annual cost of ordering and holding inventory? $ 2,031.28 per year (round your response to two decimal places). f) What is the total annual inventory cost, including the cost of the 6,050 units? $ 594,931.28 per year (round your response to two decimal places). Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas’s fastest-moving inventory item has a demand of 5,850 units per year. The cost of each unit is $97, and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).
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