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FIN622 Assignment No 01 Spring 2019 Solution & Discussion Due Date: 29-07-2019

Learning Objective:
The purpose of this activity is to develop skills in students related to inventory management.
Learning Outcome:
This activity will help students to learn how to choose the best inventory management technique when multiple options are available.

Question Statement:

An ABC food company is engaged in a business of selling each pack of French fries in 50 gram packaging. The company has annual sales of 30,000 kg of chips which amounts to 1,500,000packets of chips. The company purchases chips from a potato chips maker who is specialized in making chips and distributing in desired packet weight to its customer. It costs the company Rs 0.2 per packet to hold stock of packed chips in a warehouse. The company buys one packet of chips at Rs. 40 from the vendor. The company places different sizes of order and each order size costs around Rs. 150.
Manager of the company is required to maintain the certain level of inventory at which overall cost of inventory is minimized. However, he is supposed to analyze following two options for inventory management:
1. Manage inventory level by using Economic Order Quantity Model.
2. Accept the vendor offer of 4% discount on purchase price, if the minimum size of order is 30,000 Packets.

1. Calculate the per packet cost of chips by considering each above mentioned options
2. Calculate Annualized Saving and decide the optimal option for the company.

Important Instructions:
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Please also read the following instructions carefully before attempting the assignment solution.
 Make sure that you upload the solution file before the due date. No assignment will be
accepted through e-mail after due date once the solution has been uploaded by the
 Use the font style “Times New Roman” or “Arial” and font size “12”, double spaced.
 It is advised to compose your document in MS-Word format.
 You may also compose your assignment in Open Office format.
 Use black and blue font colors only.
Please note that your assignment will not be graded or graded as Zero (0), if:
 It is submitted after the due date.
 The file you uploaded does not open or is corrupt.
 It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
 It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear students,
As you know that semester activities have been started and load shedding problem is also
prevailing in our country nowadays. Keeping in view the fact, It is requested to all of you to manage to post your activities as early as possible and don’t wait for the due date. For your convenience activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

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solution needed

I need solution of fin622 assignment plz help. i tried to find from handouts and net but kuch smj ni araha plz help aj last date hai

m.tahir thanks 


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