XYZ company buys in lots of 2000units which is only 3months supply. The cost per unit is rs.125 and the ordering cost is rs 250.The inventory carrying cost is 20%of unit value. How much money can be saved by using economic order quantity?
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Step-by-step explanation:
Total annual cost of the exiting inventory = Rs. 6850
Savings done after employing the EOQ = Rs. 2962.5
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