Harrisburg Company Uses Quantitative Models for Inventory Control

question 110

Essay

Harrisburg Company uses quantitative models for inventory control. For canned syrup, the annual demand is 9,000 cases. The supplier is 500 miles away, and it usually takes 4 days to get an order filled. The average order costs $18 to process and the carrying cost per case is $42 per year. The store is open 300 days a year.
Required:

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Definitions:

Competencies

Skills and abilities that enable an individual to perform tasks successfully.

Diagnose Conflict

The process of identifying the source, nature, and scope of a disagreement or dispute.

Distributive Negotiations

A negotiation method that involves dividing a fixed amount of resources or assets, where any gain by one party is made at the expense of another.

Mutually Acceptable Solution

An outcome or resolution agreed upon by all parties involved, typically in a negotiation or dispute resolution context.