Question: a. Determine the order quantity and reorder point Note: Use Excel's NORMSINV() function to find your z-volue and then round that z-value to 2 decimol
a. Determine the order quantity and reorder point Note: Use Excel's NORMSINV() function to find your z-volue and then round that z-value to 2 decimol ploces. Do not round any other intermediote calculations. Round your final answers to the nearest whole number. b. Determine the annual holding and order costs Note: Do not round any intermediate calculations. Round your final answers to 2 decimal places. c. Assume a price break of $60 per order was offered for purchase quantities of 2,100 units per order. If you took advantage of thits price break, how much would you save annually? Note: Do not round any intermediate calculations (including number of setups per year). Round your final answer to 2 decimal places
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