Zara Competitive Advantage Essay

Zara Competitive Advantage Essay There is a tough competition in clothing retailers. Who has a competitive advantage in clothing retailing will be the winner. Competitive Advantage refers to a companys profit and market share. Offshore supply is one of the processes, which is used generally by clothing retailers to accomplish low labour cost, as the apparel industry is still labour concentrated industry. The supply chain in the apparel industry is compound and lengthy. Barbee and Carlyle (1999,p.85-87) states that the supply chain encompasses all activities associated with the flow and manufacturing of goods, from raw material stage through to the end user, as well as associated information flow. The longer the supply chain the additional complicated it is to handle and the more a company relay on long-range forecasts. Challenging consumers and competitive retailing have produced stress to take action with multiple refreshes per season. The focal point is on replenishment of the exact styles, designs and colors that are selling well, whilst reducing, changing or abandoning those that turn out to be less popular than forecast. This decreases the difficulty of marking down the price of less popular clothing that fails to sell in the forecasted volumes. This trend, when taken to the extreme of compressing design times, multiple refreshes, coupled with very quick response from the supply base, and all done at low cost, describes the so-called Fast Fashion market.( Nebahat Tokatli,2007) Solomon and Robolt(2004) define Fashion as a style that is acknowledged by a great group of people at the given time. They also separate fashion into four catalogues: High Fashion (Couture) Moderate Fashion Budget Fashion Mass Fashion Fashion Life cycle contains the introduction acceptance, culmination and decline of the acceptance of a certain style. The Fashion cycle is not meant for long time, it changes in very short period. It is not compulsory that to introduce fashion and try to encourage consumers buying behavior before the decline stage is very important Fast Fashion as a conception helps to take the market and attract consumer earlier than other competitor by dropping the lead-time in supply chain. CONCEPT OF FAST FASHION: The techniques companies put into practice to reduce the time gap between designing the product and the time of consumption, through product and moving away from the considered seasonal basis called Fast Fashion. It examined that the expansion of fast fashion formulas become visible indicative from a production-driven market to a market-driven characterization of the apparel sector. It is not compulsory that fast fashion is a multipart process, which involves forecast, design, effective supply chain and transportation. Best Practice as the aptitude to do things in the well-organized manner. In other words it is a way of bring about a business function or process that is well thought-out to be greater to all other known methods (Kurian,2004). From past few years, organization attempted to build up their own supply chain strategies to continue to exist in such a ferociously competitive market. There are some organizations who come up with new concepts, which help them to gain competiti ve advantages over the rest of its competitors, such as Vendor Managed Inventory, Quick Respond manufacturing, Collaborative panning, Forecasting and Replenishment, Continuous Replenishment, Efficient Consumer Response, and Just-in Time Production. It recommended that a few particular best practices relating to the study of fast fashion are: Consumer Demand and Response Supply Chain Just In Time Quick Respond Forecasting and Continuous Replenishment Effective Distribution and Transport System In recent times, Zara, a most important international clothing retailer and break new ground of fast fashion principles, held in reserve almost half of its production in Spain and Portugal, earning the reputation of being one of the exceptions to globalization. Since the 1980s, the subsistence of such exceptions has been fueling an expectation that the manufacture of high-quality fashion garments and tailored suits would stay behind in the industrialized core. Here I return to this anticipation in the brightness of the modern seminal change in the culture of fashion from ready-to-wear to fast fashion, and description that the greater than before multiplicity and fashion capability associated with fast fashion, represented by Zara, have tilted the steadiness of competitive advantage towards, rather than away from, firms in partially industrialized countries. As a number of supplier firms in countries such as Morocco, India and Turkey have gained the competence to manufacture intricate ly worked high-quality garments with the compulsory elasticity and speed, Zara has turned to sourcing from these countries. ZARA The clothing sector is fundamental to the world economy. HISTORY Zara is subsidiary of Inditex group Spanish tycoon Amancio Ortega, owns the Inditex group and Inditex group owns the following brands such as Massimo Dutti, Pull and Bear, Oysho, Uterqà ¼e, Stradivarius and Bershka. Amancio Ortega is well known Galician fashion designer. According to Forbes ranking in 2009 Amancio Ortega was ranked as 10th richest man in world and top Ranked as a richest man in Spain. He was born on March 28, 1936 in Leon, Spain. He started working as delivery boy when he was 13 year old for a shirt-maker in Galicia. During the learning period of his carrier, he realize and learned the how product and cost changes. While travelling from manufacturer to the customer. In addition, the outcome was he become more focused on the importance of getting product directly to the consumer without middle man. When he become manager of local clothing company that time he found that only wealthy individuals could afford to purchase qualitative product. Therefore, Ortega started manufacturing his own product. He started buying cheaper fabric and selling good quality. Amancio Ortega founded his own company called Confecciones Goa at the age of 27, in 1963. Especially for fine bathrobes. After that, he continued manufacturing his own companies, then open first retail shop in 1975 known as Zara. ZARA started changing the design, manufacturing and distribution process to reduce lead times and react to new trends in a quicker way that was there plus point, called instant fashions. (Chiara Pirone,2010) Product Life Cycle The product life cycle ideally follows four main steps: Birth Growth Maturity Decline Generally, a typical Product Life Cycle Curve looks like the one given in the diagram where Sales decreases as the product moves over the time line. Zaras product life cycle also follows the four basic steps but the timeline of the product in the life cycle is very different. The organization operates in fashion industry and the changes pertaining to consumers taste is very high. Therefore, the life of the trend or design is of maximum 5-6 weeks. The following figure depicts the Zaras product life cycle. Key Factors of Success The organization focuses on following factors which are their success factors: They have short lead time i.e. the clothes stay in the store for less time which in turn provides them opportunity with more and more fashionable clothes. They manufacture clothes in low quantity and supply them scarcely which clearly states that the demand for the clothes is always high. Due to short lead time they can manufacture variety of choices, variety of styles and the success ratio increases. RATE OF PRODUCT CHANGES IN FAST FASHION FOR EXAMPLE ZARA: Zara can move from recognizing a trend to including clothes in its stores within 30 days, it means that Zara can identify and catch fashion trend. Catching fashion until the time it is hot is a clear happening at full prices and less discounts. Zara progresses in stair with its customers. Zaras machinery can respond to the statement right away and 51produce a response in conditions of a new style or a modification within 2-4 weeks. By dropping the amount manufactured in each style, Zara decreases its exposure to any particular product. The additional advantage of lower quantities is that if a style does not work well, there wills minimum stock to disposed during the season-end sale. Zara discounts only about 18% of its making, approximately half the levels of competitors. Instead of additional quantities per style, Zara produces extra styles, roughly 12,000 a year. So, that style sells out more fast and there are more new styles which are already waiting to come out. Re-orders are un usual the stores look fresh every 3-4 days. Fresh manufacture, moving in step with the fashion trend and updated regularly the ingredients are just right to create the sweet smell of success. Fast Fashion strategy in Zara: Zara typically has three sections women wear, men wear and kids wear. Most of its stores were located on downtown in big cities and were characterized by large windows with modest fittings. The company position itself as contemporary fashion of medium quality at a good price(Dandrea and Arnold,2002). In order to take extra market shares in such a full of rivalry situation, Zara introduced sequential policy of way of products: Convert latest fashion into products quickly and completely in order to satisfy consumers. Zara gets a competitive advantage by offering customer stylish clothes at inexpensive prices. A team of 200 designers is accountable for turning the latest fashion into products. The collection was converted every year with 11,000 dissimilar items. In order to collect the latest fashion information, the company employed a team of trend-spotters, who travel around the world in search of new designs (Dandrea and Arnold,2002). Thus, Zaras products are suitable for consumers vary different background and taste. Continue to introduction new products in small quantities, ironically in very high speed. New products were trialed at certain stores before entering full-run production to keep failures in the full range at a rate of 1 %( Dandrea and Arnold,2002). Reduce the usual cost associated with running out of any particular item. Because the company believes that empty racks do not drive customers to other stores while stimulating them to choose from new things. Furthermore, consumers will buy more and immediately due to rapidly changing trends. As a result, Zara has increased sales and avoided costly overproduction. Zara would plan a core collection each season, constituting approximately 50% of its forecast requirements. The remaining 50%, some 10,000 items, were sourced opportunistically according to demand trends during the season and could be at any store in two weeks. Some accessories such as handbags, jewelry, shoes, thus increasing sales. CONCLUSION Zara has up and down integrated all its processes. By applying a fast fashion strategy, Zara have accomplished a unexpected increase in profits and market share. By accept the fast fashion strategy the company has been able to decrease its make down sale to 15 to 20%. In contrast, the traditional industrys average is 30 to 40%. It has been examined to be the best way to help organization achieve competitive advantages. Such best performs help Zara establish an extraordinary supply chain and become the leader of in supply chain management. The practice of implementation of fast fashion has a few advantages Quick response, reduced account and forecasting, errors, shortened lead times and reduced transportation costs. In few years, as other main competitors such as GAP, HM , Marks Spencer (MS) have experienced a difficult period due to low income and with drawls from overseas markets, Zara has maintained a continual growth in sales.

Hardware Justification Essay

This is the system that the computer runs on and it is required of me to run MS Access 2003. Even though the latest operating system available is Windows Vista, I would recommend using Windows XP Professional because it is much more cost effective and does exactly what is required by MS Access 2003, allowing it to run as it should and as is required. My business plans on getting this system at as low costs as possible and by getting XP instead of Vista, it will reduce the costs. It costs; i 428. 99 including VAT and shipping from Dell: http://configure. euro. dell. com/dellstore/config. aspx? oc=d045001&c=uk&l=en&s=dhs&cs=ukdhs1&kc=segtopic~winxp_inspndt RAM (Random access memory) RAM helps the database to work at an acceptable speed and I recommend 64MB of RAM as the system will need plenty of memory for storing its data, if a Windows XP operating system is used, as my end user also needs the database to work fast for the business to function efficiently. Hard Drive The only use for the computer is to run MS Access 2003 and other Microsoft applications such as word processing as well as internet explorer/email, so there is no need to buy a hard drive with an excessive amount of storage which won’t be used, this would increase the price of the computer. The hard drive which comes with the Dell computer contains 160GB which will be plenty for the company to store all of there important files. Monitor. The monitor included in the sale of the Dell computer is a 17†³ flat screen monitor, this will be the perfect size for the staff at the company because they will have no problems reading off from it, the monitor displays information in colour also making it easily viewed and allowing people to appreciate the format and style of the new system. Keyboard and Mouse The keyboard and mouse included in the price of the Dell computer will be perfectly fine for the company to use as they are Dell’s own brand; the mouse is responsive and has a laser movement feature as opposed to a roller ball which is less responsive. The keyboard will also function effectively for the company as needed. Software The software I require is Microsoft Access, although there are many versions of this from the different years. The very latest version of the software is 2007 but I think it would be more effective for the company to purchase the 2003 version as this is the version it will be created on. Also purchasing a earlier version will be more cost effective for the company, Access is included in the Microsoft Office Professional Software alongside word, publisher, excel etc. Processor The processor used by the Dell PC is; Intel(r) Celeron(r) 420 Processor (1. 6GHz,800MHz,512k cache) which again will be plenty for the company to run the programs which they need as these programs do not take up so much space to store and run meaning that a faster processor wouldn’t affect their operating speed too much.

Leadership Styles Influence Nursing Shortage - 1283 Words

Leadership styles influence nursing shortage and nurse turn-over The health care sector all over the world has been experiencing this problem over the years. While there are several factors that contributes to this, management has a role in this situation. Organizations employ managers in order to keep the organization running with the available resources. Their unique role demands the requisite skills to find the balance between the goals of the organization and the welfare of their subordinates. One thing that is certain is that these problems have several contributing factors which makes it more challenging to find an ultimate solution. However, this paper will explore a few areas such as some relating theories, in addition to the roles, skills of the manager and how they influence nursing shortage and nurse turn-over (staff shortage and turn-over). According to theorists there are several theories that may be found in a leader. The first being a group called trait theories. 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What Is the Definition of a Combustion Reaction

A combustion reaction is a type of chemical reaction in which a compound and an oxidant are reacted to produce heat and a new product. The general form of a combustion reaction can be represented by the reaction between a hydrocarbon and oxygen, which yields carbon dioxide and water: hydrocarbon O2  Ã¢â€ â€™ CO2   H2O In addition to heat, its also common (although not necessary) for a combustion reaction to release light and produce a flame. For a combustion reaction to begin, the activation energy for the reaction must be overcome. Often, combustion reactions begin with a burning match or another flame, which provides the heat needed to initiate the reaction. Once combustion starts, enough heat might be produced to sustain the reaction until it runs out of either fuel or oxygen. Combustion Reaction Examples Examples of combustion reactions include: 2 H2   O2  Ã¢â€ â€™ 2H2O heatCH4   2 O2  Ã¢â€ â€™ CO2   2 H2O heat Other examples include lighting a match or a burning campfire. To recognize a combustion reaction, look for oxygen in the reactant side of the equation and the release of heat on the product side. Because it isnt a chemical product, heat isnt always shown. Sometimes the fuel molecule also contains oxygen. A common example is ethanol (grain alcohol), which has the combustion reaction: C2H5OH 3 O2  Ã¢â€ â€™ 2 CO2   3 H2O

The Immigration System Of The United States Of America And...

Need For Immigration Reform in the U.S. Ramesh Bhatta Wilmington University Abstract The current immigration system is broken and have not been updated fully for about 20 years. The broken immigration is a big problem to the U.S. It is keeping families apart, lowering the wages of workers, resulted in black economy, and added to the threat to national security among many others. The purpose of this research paper is to identify some of the problems created by the current immigration system in the United States of America and the need for Immigration Reform. The study is to show that a common sense immigration reform is not just good for immigrants, but also the U.S. This paper focuses on benefit of fixing the broken Immigration system to the American Families, Country’s Economy, workforce, and security. After looking at various reports, and stats the research paper concludes that immigration reform will keep families together, protect the workforce, boost the country’s economy, and tighten up the security of the country. Need for Immigration Reform in the U.S. Some of the first immigrants who came to the American land were people in search of religious freedom in 1600s’. A larger portion of people came to America in search of economic opportunities. When English men and women first came to the American land they were considered as an immigrants. As there was so much vacant land America promoted immigration during the 1800’s. This did not only help to populateShow MoreRelatedImmigration Problem Of Illegal Immigration1530 Words   |  7 PagesAmerica can easily be defined as the greatest country in the world, but every country has its own unique problems. One of its greatest problems is that of illegal immigration. 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Morality and Moral Values Free Essays

Ralslng a family In a society that Is fast-paced and ever changing can make It confusing to know just which values to teach your children. As a general rule, it’s up to you to teach your children what to believe, and how they should live their lives. But when it comes to teaching and instilling moral values, I’d love to pass on a few values to teach your children from a young age. We will write a custom essay sample on Morality and Moral Values or any similar topic only for you Order Now These are simple and common everyday values that are quickly fading from our younger generation. Read on to discover what they are: 1. RESPECT One of the most important values to teach your children is respect. Having worked in several daycare facilities, I’ve seen children who have no respect for authority at all. It’s exasperating to the teacher, and to the parent when they arrive to pick up their kids. By teaching your kids respect, you are doing the world, yourself, and your child a favor! Life will go much easier for them with a little respect under their hat. If you have got to give a speech on moral values you have to stress the significance of moral values in life and should never ignore them. Here are some things you may use so that you can present this essential subject to your audience. You can say moral values are necessary because the Bible instructs us to be moral. Actually, during history moral values have been the foundation of our education. First of all mom and dad, then school, and finally unlversltles and colleges were instructing us to be kind, honest, sincere, warmhearted, and so on. Religion used to be one of the most effective instruments to instill moral values into people. Religion has been getting rid of its Impact In many states around the globe. These days It Is still vital to many, but only for a segment of lots of societies. Moral values are still widely used as a debate topic, but regrettably they are often no that significant for a lot of people. The importance of moral values in life is one thing nobody can seriously argue with, despite the fact that today It Is a popular practice. Many well known film and popular music superstars, political figures, and other successful people speak about liberal values – freedom of expression, religious beliefs, a hedonistic lifestyle, etc. Their oint is that Individual freedom is the most significant value to fight forl No person can make you do what you do not want to do, so you are free to be bad or kind, sincere, or not – it is your individual decision, and everyone have to appreciate it. That Is why It’s acceptable to abuse alcohol, take drugs, and be Impolite, rude or even cruel – if you prefer to act like that, it is your right. Freedom is the only value! Needless to say, liberal values are not that awful. The problem is they in some way destroy the moral foundation of the modern society. When the Bible Is no longer the primary instructor of moral behavior, at least, for Christians, there’s a risk people will stop thinking about moral values as important. This is currently happening in most liberal democratic nations In comparison to traditional Eastern ones, where the religious impact of Islam is still big. We may discuss the political regimes of those states, and the exercise of individual freedom and human rights there, but there’s a tnlng most people wlll agree witn – tney stress tne Importance 0T moral values In IITe; t’s the key component of their tradition. Speech on Moral Values and the Importance of Moral Values in Life: Are They truly Important? In your speech on moral values you have to find out the actual importance of moral values in life. In the modern world of income oriented individuals it’s hard to stay a moral person; nevertheless it’s not extremely hard. Many do. Every single day we hear that a lot of people are murdered by criminals; in a number of states they brazenly shoot and kill rival gangs members on the streets all simply because of money. Cash is the value. Not kindness or principles. Not morals. Greed for money is the only driving force of these people! Every single day we see how people tell a lie, do everything possible to have the Job they need, even it demands that they do something awful, against the law, or immoral. Young men try to have a girl they wish without any idea about moral values. This ought to help you with materials for your speech on moral values. We realize the significance of moral values in life, don’t we? And right now, after having a short speech on moral values, we’re ready to write a oral values essay. Moral Values Essay: Writing Tips When writing your moral values essay do not forget to stick to the structure. Your essay should contain an introduction, a body paragraph and a conclusion. Moreover, your moral values essay should present your own point of view on the topic. In fact, you may use the ideas listed above and support them with your additional thoughts. When summarizing your essay, give your readers a clear conclusion on the importance of moral values in our life. Speech on Moral Values and Moral Values Essay: Help If you continue to think your speech on moral values or your moral values essay can not be done without qualified help, or you simply lack the spare time to do it on your own – professional writing company is ready to assist you! We have authors skilled in different disciplines. Furthermore, all of them have a Masters degree or a PhD; so composing an essay or a speech for university won’t be a problem for them. It’ll be created from scratch in accordance to your recommendations and within your deadline. Besides, you’ll also get: Absolutely free on-line 2417 help. Free of charge proofreading and editing. Free of charge preview of the primary page of your order. The possibility to pick the best writer for your task. You manage the progress of your order, and can easily make corrections. A warranty tne work wlll De plaglarlsm Tree. All this is offered at an inexpensive price as we understand students are on restricted budgets. Do not think twice to post your order now and get the finest grades for your written task! We always do our best to please our customers. How to cite Morality and Moral Values, Papers

Economic Order Quantity Essay Example For Students

Economic Order Quantity Essay The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. The EOQ is used as part of a continuous review inventory system, in which the level of inventory is monitored at all times, and a fixed quantity is ordered each time the inventory level reaches a specific reorder point. The EOQ provides a model for calculating the appropriate reorder point and the optimal reorder quantity to ensure the instantaneous replenishment of inventory with no shortages. It can be a valuable tool for small business owners who need to make decisions about how much inventory to keep on hand, how many items to order each time, and how often to reorder to incur the lowest possible costs. The EOQ model assumes that demand is constant, and that inventory is depleted at a fixed rate until it reaches zero. At that point, a specific number of items arrive to return the inventory to its beginning level. Since the model assumes instantaneous replenishment, there are no inventory shortages or associated costs. Therefore, the cost of inventory under the EOQ model involves a tradeoff between inventory holding costs (the cost of storage, as well as the cost of tying up capital in inventory rather than investing it or using it for other purposes) and order costs (any fees associated with placing orders, such as delivery charges). Ordering a large amount at one time will increase a small businesss holding costs, while making more frequent orders of fewer items will reduce holding costs but increase order costs. The EOQ model finds the quantity that minimizes the sum of these costs. The basic EOQ formula is as follows: TC = PD + HQ/2 + SD/Q where TC is the total inventory cost per year, PD is the inventory purchase cost per year (price P multiplied by demand D in units per year), H is the holding cost, Q is the order quantity, and S is the order cost (in dollars per order). Breaking down the elements of the formula further, the yearly holding cost of inventory is H multiplied by the average number of units in inventory. Since the model assumes that inventory is depleted at a constant rate, the average number of units is equal to Q/2. The total order cost per year is S multiplied by the number of orders per year, which is equal to the annual demand divided by the number of orders, or D/Q. Finally, PD is constant, regardless of the order quantity. Taking these factors into consideration, solving for the optimal order quantity gives a formula of: HQ/2 = SD/Q, or Q = the square root of 2DS/H. The latter formula can be used to find the EOQ. For example, say that a painter uses 10 gallons of paint per day at $5 per gallon, and works 350 days per year. Under this scenario, the painters annual paint consumption (or demand) is 3,500 gallons. Also assume that the painter incurs holding costs of $3 per gallon per year, and order costs of $15 per order. In this case, the painters optimal order quantity can be found as follows: EOQ the square root of (2 3,500 15) /3 187 gallons. The number of orders is equal to D/Q, or 3,500 / 187. Thus the painter should order 187 gallons about 19 times per year, or every three weeks or so, in order to minimize his inventory costs. The EOQ will sometimes change as a result of quantity discounts, which are provided by some suppliers as an incentive for customers to place larger orders. .udb32569c7a42751cd09200450326dcc3 , .udb32569c7a42751cd09200450326dcc3 .postImageUrl , .udb32569c7a42751cd09200450326dcc3 .centered-text-area { min-height: 80px; position: relative; } .udb32569c7a42751cd09200450326dcc3 , .udb32569c7a42751cd09200450326dcc3:hover , .udb32569c7a42751cd09200450326dcc3:visited , .udb32569c7a42751cd09200450326dcc3:active { border:0!important; } .udb32569c7a42751cd09200450326dcc3 .clearfix:after { content: ""; display: table; clear: both; } .udb32569c7a42751cd09200450326dcc3 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .udb32569c7a42751cd09200450326dcc3:active , .udb32569c7a42751cd09200450326dcc3:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .udb32569c7a42751cd09200450326dcc3 .centered-text-area { width: 100%; position: relative ; } .udb32569c7a42751cd09200450326dcc3 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .udb32569c7a42751cd09200450326dcc3 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .udb32569c7a42751cd09200450326dcc3 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .udb32569c7a42751cd09200450326dcc3:hover .ctaButton { background-color: #34495E!important; } .udb32569c7a42751cd09200450326dcc3 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .udb32569c7a42751cd09200450326dcc3 .udb32569c7a42751cd09200450326dcc3-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .udb32569c7a42751cd09200450326dcc3:after { content: ""; display: block; clear: both; } READ: pearl harbor EssayFor example, a certain supplier may charge $20 per unit on orders of less than 100 units and only $18 per unit on orders over 100 units. To determine whether it makes sense to take advantage of a quantity discount when reordering inventory, a small business owner must compute the EOQ using the formula (Q the square root of 2DS/H), compute the total cost of inventory for the EOQ and for all price break points above it, and then select the order quantity that provides the minimum total cost. For example, say that the painter can order 200 gallons or more for $4. 5 per gallon, with all other factors in the computation remaining the same. He must compare the total costs of taking this approach to the total costs under the EOQ. Using the total cost formula outlined above, the painter would find TC PD HQ/2 SD/Q (5 3,500) (3 187)/2 + (15 3,500)/187 $18,062 for the EOQ. Ordering the higher quantity and receiving the price discount would yield a total cost of (4. 75 3,500) (3 200)/2 (15 3,500)/200 $17,187. In other words, the painter can save $875 per year by taking advantage of the price break and making 17. 5 orders per year of 200 units each.