Question: 7. Using the EOQ and ROP formulas, explain how such efforts would be consistent with JITs push for lower inventory levels. ile (*) Pam runs

7. Using the EOQ and ROP formulas, explain how such efforts would be consistent with JIT’s push for lower inventory levels.

ile (*) Pam runs a mail-order business for gym equipment.
Annual demand for TricoFlexers is 20,000. The annual holding cost per unit is $3, and the cost to place an order is $60. What is the economic order quantity?

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