![]() Management has decided to use a lot size of 390 so that new orders could be placed less frequently.Ī) If the museum operates 52 weeks per year and a safety stock of 15 is required, determine the annual cost of the current policy.ī) Calculate the EOQ (Economic Order Quantity) and its total cost for this system. ![]() The annual holding cost is 25% of the value of the product. Inventory turns can also be calculated for individual items by taking the annual. Fortunately I have been able to buy it on line. The cost of placing an order with the supplier is $45 per order. Saw this item in the museum shop while in Pompeii, and liked it, but did mot purchase it at that time. The sales volume is 18 units per week, and the supplier charges $60 per unit. One of the top-selling items is a product called item #AX01. Low inventory turnover is creating a cash flow problem. Managing the inventory of the shop has become a problem. (MUSM: Museum Store) The Museum Commission shall establish and administer a museum store in the State Museum. Two years ago, a museum (in Chicago) opened a gift shop.
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