Given the following, calculate the EOQ for Mountaintop Medical Center:
Annual Usage in units :657
Cost per order :$42
Annual carrying cost/unit : 3.25
Average Lead Time for Delivery :1 Week
A) 10 units
B) 72 units
C) 92 units
D) 130 units
Correct Answer:
Verified
Q7: Safety stock defines those items held in
Q8: At a minimum, a hospital inventory policy
Q9: Generally accepted inventory valuation methods include:
A) FILO
B)
Q10: Inventory turnover is calculated using which of
Q11: Return on Inventory is calculated using which
Q12: Shrinkage is calculated using which of these
Q13: Days inventory on hand (DIO) is calculated
Q15: EOQ works well when demand is stable.
Q16: Describe some limitations of inventory ratio use
Q17: Differentiate between the various inventory valuation techniques
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