Question: 12.22. A small hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every two weeks and there
12.22. A small hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every two weeks and there is a one-week lead time for delivery. Safety stock is set at one week's supply. The following table shows the products and the current on-hand inventory. Calculate the target level and order quantity for each of the items. Use 50 weeks per year for your calculations
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