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Question: Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products. Annual demand for this product is 5,000 units, carrying cost is $50 per unit per year, order costs for her company typically run nearly $30 per order; and lead time averages 10 days. (Assume 250 working days per year)
a. The economic order quantity is units round your response to the nearest whole number.
b. The average inventory is units round your response to the nearest whole number.
c. The optical number of orders per year is orders round your response to the nearest whole number
d. The optimal number of working days between order is days round your response to two decimal places.
e. The total annual inventory cost carrying cost ordering cost is round your response to two decimal places.
f. The reorder point is units enter your response as a whole number.
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