Total Inventory Cost Calculator

Posted by Dinesh on

Our inventory cost calculator helps to find out the total inventory cost based on cost per unit per year, fixed cost per order, units demand per year and order quantity.

Total Inventory Cost Calculation

Formula:

TIC = C (Q/2) + F (D/Q)

Where,
C = Carrying cost per unit per year
Q = Quantity of each order
F = Fixed cost per order
D = Demand in units per year
TIC = Total Inventory Cost