Furniture Manufacturers Inc., uses 20,000 loads of lumber per year. A load of lumber costs $500 and the carrying cost is 10 percent of the unit cost. The cost to order is $200 per order and the lead time is three working days. Determine (assume 200 working days): a. The economic order quantity b. The reorder point c. Number of orders per year d. Days between orders The use of Excel QM is required.
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Furniture Manufacturers Inc., uses 20,000 loads of lumber per year. A load of lumber costs $500 and...
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