When developing estimates for holding and ordering costs,it is important to

Question

Quizplus · Accepted Answer

The goal of estimating holding and ordering costs is to get a good approximation quickly, rather than to estimate with a high level of precision or to develop estimates that will not be changed. This is because these estimates are likely to change regularly based on changes in demand, inventory levels, and other factors. Therefore, the focus should be on making a reasonable estimate quickly, rather than spending extensive time on this process.

When Developing Estimates for Holding and Ordering Costs,it Is Important