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HOSTING A TOTAL OF 318 FORMULAS WITH CALCULATORS

Maximum Level Of inventory

It is a summit or upper level of keeping material in stock. It indicates the maximum quantity of the inventory item which can be stored at any given time. The fixation of this level is dependent on various factors like production requirement during a given period, availability of funds ,space in storeroom available, cost of carrying, nature of material whether inflammable or evaporative etc., availability of the supply in the market during a particular season or through the year, quantity discount available, present prices and future prices ,import facility economic order quantity determined for purchase etc.

o-(r*l)+e

Here,o=order point,r=minimum usage rate,l=minimum lead time,e=economic order quantity.

ENTER THE VARIABLES TO BE USED IN THE FORMULA