Question: 5. How to manage the Inventory based on ABC Classification 6. Inventory related definitions. 7. Sharpinc, a company that markets painless hypodermic needles to hospitals,

5. How to manage the Inventory based on ABC
5. How to manage the Inventory based on ABC Classification 6. Inventory related definitions. 7. Sharpinc, a company that markets painless hypodermic needles to hospitals, would like to reduce its inventory cost by determining the optimal number of hypodermic needles to obtain per oder. The annual demand is 1000 units, the setup or ordering cost is 10 per order, and the holding cost per unit per year is 0,5. The company has a 250-day working day and wants to find the number of orders and the expected times between orders. Draw the approximately graph of inventory 8. The importance of warehousing. 9. Different materials handling systems that exist and examples. 10. Incoterms and examples

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