A local shop has a relatively stable demand for tins of sweetcorn throughout the year, with an annual: Supply Chain Demand Planning Assignment, UCD, Ireland
University | University College Dublin (UCD) |
Subject | Supply Chain Demand Planning Assignment |
Question1
A local shop has a relatively stable demand for tins of sweetcorn throughout the year, with an annual total of 1,400 tins. The cost of placing an order is estimated at €15 and the annual cost of holding inventory is estimated at 25 per cent of the product’s value. The company purchases tins for 20c. How much should the shop order at a time, and what is the total cost of the plan?
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