Question 2b
Marking Guide
current annual ordering cost | 0.5 | |
current holding cost | 0.5 | |
total cost of current inventory policy | 1 | |
revised cost of materials | 0.5 | |
revised number of orders | 0.5 | |
revised ordering cost | 0.5 | |
revised holding cost | 0.5 | |
net benefit of bulk purchase discount | 1 | |
comment on assumptions | 1 | |
max marks | 6 |