Business, 22.12.2020 19:20 damiangomzzz903

A manufacturer uses screws at a fairly steady rate of 90,000 screws per year. Every time it places an order, the materials manager must spend 30 minutes to place the order and handle receipt of the shipment. The screws cost $0.01 per screw and the materials manager is paid $20 per hour. If the annual carrying cost for screws is 20% of purchase price and the manager wants to minimize the total annual costs of ordering and holding inventory, then how long should the company go between orders for screws

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A manufacturer uses screws at a fairly steady rate of 90,000 screws per year. Every time it places a...

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