Demonstrate the ability to calculate and explain to others the ordering cost, holding cost, and shortage costs for a given material or product within the supply chain. Determine total cost as a function of these costs and demonstrate the effects on profit for a specified price and quantity. Create a spreadsheet and graphical comparison of cost variations and recommend best price/quantity amounts to optimize profit.
Standard detail
5
Depth 1Parent ID: 1B35E2984AB1451CB5B04035FC32274DStandard set: Supply Chain Management I
Original statement
Quick facts
- Statement code
- 5
- List ID
- 5
- Standard ID
- 4D12DB86435E47199F5AAB49EA830C03
- Subject
- CTE (2020-)
- Grades
- 10, 12, 11
- Ancestor IDs
- 1B35E2984AB1451CB5B04035FC32274D
- Source document
- Supply Chain Management I
- License
- CC BY 4.0 US