Home » The overall objective of inventory control is, therefore, to maintain inventory levels so that the total of the ______________ costs is minimised. Inventory Management MCQs The overall objective of inventory control is, therefore, to maintain inventory levels so that the total of the ______________ costs is minimised. April 27, 2022 26 Views Q. The overall objective of inventory control is, therefore, to maintain inventory levels so that the total of the ______________ costs is minimised. A. Holding costs B. Ordering costs C. Stockout costs D. Only A&B E. All of the above Answer: All of the above
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 ?
