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How much firm save annually in carrying cost using eoq A produce distributor uses 800 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ?
The cost of holding an item in inventoy for a year is Fc and the average amount of inventery in stock is Q/2 (halfway between empty and full), thus the carrying cost is Fc*Q/2. The sum gives you the formula for total inventory ordering and carrying costs.This formula assumes there is no discount for ordering items in bulk. Example: A business has an annual demand of 10,000 for a particular item. They order the item in batches of 1,000 and each order placement has a fixed cost of $120.The cost to hold an item in inventory is $0.80. Since we know D = 10000, Q = 1000, Fo = 120, and Fc = 0.8, we can compute the total cost:he cost of holding an item in inventoy for a year is Fc and the average amount of inventery in stock is Q/2 (halfway between empty and full), thus the carrying cost is Fc*Q/2. The sum gives you the formula for total inventory ordering and carrying costs.