Inventory Manager Question:
Download Job Interview Questions and Answers PDF
Please explain what is total stocking cost?
Answer:
Total stocking cost is the cost to the store of holding a good in its inventory. The stocking cost consists of the carrying cost times half the quantity in inventory and the order completion cost times demand divided by the quantity.
In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.
In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.
Download Inventory Manager Interview Questions And Answers
PDF
Previous Question | Next Question |
Tell us what is an order quantity? | Tell me what Is Raw Material? |