Question: a. Determine the Economic Order Quantity [EGG]. Compute the time between two orders and the total annual relevant inventory cost {i.e., sum of holding and
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a. Determine the Economic Order Quantity [EGG]. Compute the time between two orders and the total annual relevant inventory cost {i.e., sum of holding and ordering costs] of Block Moon for Bottom of the Heel. h. Compute the reorder point assuming that the order lead time is 3 workdays. c. Suppose that the supplier requires orders to be placed in multiples of 100 units. What order quantity would you now suggest to the store to meet the supplier's mandate while minimizing total annual costs? What is the increase in the total annual relevant inventory cost clue to this requirement compared to your answer in part [a]
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