3) A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a...
3) A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is $5 per silicon chip. The optimal ordering quantity is 6030 chips per order. What is the total annual carrying cost under the optimal inventory management policy? Round to the nearest integer.
Homework Answers
The total Annual Carrying cost = Average Inventory * Holding cost per chip
= (6030/2)*5
= $15075
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3) A toy manufacturer uses approximately 32,000 silicon chips
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