Answer:
Order size = 200 units
Number of order = 5 times
Explanation:
<em>The number of order per year will be equal to the Annual demand divided by the EOQ.</em>
<em>No of orders = Annual Demand / EOQ</em>
Economic order quantity (EOQ)
The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.
It is computed using he formulae below
EOQ = √(2× Co× D)/Ch
Ch- Carrying cost per unit per annum- $1
Co- Ordering cost per order -20
EOQ =√(2× 20× 1000)/1
= 200 units
Order size = 200 units
Number of order = 1000/200 = 5 times
Answer:
A) straight rebuy
Explanation:
Based on the information provided within the question it can be said that this type of purchase is classified as a straight rebuy. Like mentioned in the question this is a type of purchasing or reordering of supplies , and is done from an approved list held by the company in order to try and maintain the product's quality (since they already know the approved company sells good quality) as well as save time on having to research other suppliers.
Answer:
Kindly check attached picture
Explanation:
Kindly check attached picture for detailed explanation
Answer:
Recruiting is the correct answer.
Explanation:
Recruiting is the process that includes the following process such as shortlisting, hiring qualified candidates for the vacant post, selecting within an organization.
Recruiting is a role is to designing works details, screening candidates, finding required candidates through social media, by conducting an interview, by databases.
Answer:
True
Explanation:
Its key features include ;
Time saving ; it should allow faster filing and retrieval.
Cost saving- it should provide less likelihood of losing documents.
Expandability and flexibility -to meet everyone's needs in a firm; this feature makes the answer to the question true.
