A good supplier scoring and assessment process will primarily track performance along the price dimension when evaluating a supplier

A product has an annual demand of 3600 units. Unit cost for this product is $3. Set up cost is $20 and the inventory carrying rate as a percent of the unit cost is 25%. The product is produced in-house where the daily production rate is 50 units

Assume 360 working days per year. Determine the annual ordering cost and carrying cost if the optimal production quantity is made each time.

Everything in the letter of last instructions is subject to legal interpretation and challenge

Indicate whether the statement is true or false