Wednesday, 16 December 2015

Number of orders Formula

Number of orders Formula

Number of orders can be calculated by the following formula

Number of order =    Annual Demand    
                              Quantity per Order
Example
Annual Demand of stock = 60,000
Each time 5,000 unit order
Calculate number of order

Solution
Number of order =    Annual Demand    
                              Quantity per Order
= 60,000/5000

= 12 order
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