Question: 1.4. On the average, a company has a work-in-process lead time of 12 weeks and annual cost of goods sold of $40 million. Assuming that

1.4. On the average, a company has a

1.4. On the average, a company has a work-in-process lead time of 12 weeks and annual cost of goods sold of $40 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the work-in-process? Introduction to Materials Management 15 b. If the work-in-process could be reduced to 5 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving

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