Company B is a retailer of mobile phones in Australia that works 250 days in a year.

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager would like you to determine a minimum-cost inventory plan for an upcoming mobile phone to be launched in the market. She has collected the following information:

• Annual demand: 750 phones

• Phone cost: $1,241 each

• Phone RRP: $1,349 each

• Net weight: 164 g each

• Tare weight: 156 g each

• Annual inventory holding cost: 30%

• Cost per order to replenish inventory:

$75

• Annual in-transit holding cost: 10%

• Freight rate: $8.10 per kg

• Time to process order for freight: 1 days

• Freight transit time: 3 days.

 

The manager wants you to determine the following information:

a. Economic order quantity for the phone in units and in kg

a. The total cost for purchasing the phones

a. The total cost for ordering

a. The total cost for holding the inventory

a. The total cost for transportation

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a. The total cost for holding the phones during transit

a. The total cost for this inventory plan

a. The number of orders

a. Ordering point

a.  The profit from this inventory plan.

You will get higher marks if your model generates only integer results for economic order quantity and the number of orders.

Attachments:

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