Currently the unit cost of one standard coffee container is £14.50 and in total the company
generally gets through about 200 containers each fortnight (2 weeks).
The HT company trades 52 weeks a year. The cost of placing an order with KCS is £40 and the
holding cost is known to be £9 per container per year.
The coffee is delivered by KCS to HT's central warehouse in Swindon and from there it is
shipped with other supplies to the 45 HT restaurants - at a yearly cost of £7,500. Occasionally
deliveries are late and restaurants run out of coffee for a few days.
The HT Finance Director had found that the total costs of procuring coffee were currently
£94,000 p. a. with no consistent order policy i. e. HT purchase orders with KCS were placed in a
haphazard manner in terms of frequency and amounts ordered.
The Director had two ideas as to how they could improve the terms of their contract with KCS.
The first is a suggestion that ordering would be more efficient if the Economic Order Quantity
(EOC) method was being used.
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When you look at the data about all of the children in your setting, you can learn a. about child development. b. how well each individual child is performing. c. what outside factors you need to change. d. how effective your instruction and environment are.
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Currently the unit cost of one standard coffee container is £14.50 and in total the company
general...
Mathematics, 11.05.2021 16:20
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