Home » Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores Inventory Management MCQs Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores April 29, 2022 16 Views Q. Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores. A. Manufacturing department B. Store department C. Research department D. Sales department Answer: Store department
A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20. The ordering cost per order is ₹ 50 and the inventory carrying cost is 25%. How will be the total cost if company decides to buy in EOQ?
A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at ₹ 50 per unit. The cost of placing an order is ₹ 60 per order and the annual carrying cost is ₹ 5 per price. Annual ordering plus carrying cost = ?
The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?
