Inventory planning and control Question: Download Inventory planning and control PDF
Tell me about the total stocking cost in inventory?
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.
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