Question

2. The production department of a company requires 3600kg of raw materials for manufacturing of particular item per year. It has been estimated that cost of placing an order is 36 birr and the cost of carrying inventories is 25% of the investment in the inventories. The price is 10 birr per kg. The purchase manager wishes to determine

Answer 1

Answer:

and the cost of carrying inventories is 25% of the investment in the inventories. The price is 10 birr per kg. The purchase manager wishes to determine