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Annual holding cost is calculated based on : Average inventory If EOQ is ordered which of the following is true? : Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. : ordering The slope of the total cost curve at EOQ ...

Carrying Costs: : -Cost for holding the inventory over time -Typically costs range from short term capital to about 40% per year. The average is about 25%/year of the item value in inventory. Primary cost of carrying costs : Money tied up in inventory What are the different costs for carrying...

Primary Key Act/Processes : setting customer service goals, transportation, inventory management, location Secondary Key Act/Processes : warehousing, materials handling, acquisition, protective packaging, product scheduling, order processing Customer Service Triangle : inventory, transportati...

what 3 things need to be right in supply chain management definition? : quantities, locations, time primary logistics activities : CS goals, inventory management, transportation, location % of GDP that is logistics costs : 10.5-12 why are customers more demanding of the supply chain? : they w...

Carrying Cost : cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs : cost of preparing the order, order transmission, production setup, materia...

Carrying Cost : cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs : cost of preparing the order, order transmission, production setup, materia...

supply chain : Supply chain influences all activities that we perform from initial raw material / supplier to end customer What is Supply Chain Management (SCM)? : The fortune quote defines it as -"Overseeing the movement of goods from the customers order through to production, storage, and...

Supply Chain Management : Getting the *right goods* or services to the *right place*, at the *right time*, and in the desired condition at the *lowest cost* and *highest return on investment*. Supply Chain Structure : raw material --> manufacturer --> distributor --> end user Business...