Describe any continuous improvement and quality tools

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1. Vitamins Inc. sells 600 bottles of vitamin C bottles per week for $80 each. The supplier charges them $30 per order and $45 per bottle. The annual holding cost is assumed to be 40%. What order quantity minimizes the company's total ordering and holding cost per year?

2. Describe any continuous improvement and quality tools that a Nail beauty salon utilizes?

3. You operate a paper ream selling business. Each month, you sell 400 units. You buy the paper for $2.50 each, and sell it for $3.25. You estimate the annual holding cost to be 20%. The per order cost is $25. What is the optimal order quantity?

Reference no: EM132233875

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