Anglo American Platinum (Amplats).... set its "next new wave of strategy" in motion, which involves extracting the full
potential from its operations through people and innovation, investing in its own portfolio to deliver industry-leading cash
flows and investing in the development of the market to increase demand.

Considering the statement above, comprehensively elaborate on Amplats "next wave of strategy"
 

Suppose that you are an operations analyst at Anglo American Platinum and you have been asked to appraise the
company's inventory ordering policy. The following information is available:

INFORMATION:
Anglo American Platinum uses ABC analysis as an inventory categorisation method. The current inventory ordering policy
is to order 10 000 units of an 'A'-item inventory when the level falls to 4 500 units. Forecast demand to meet production
requirements during the next year is 62 500 units. The cost of placing and processing an order relating to this inventory item is R250, while the cost of holding a unit in store is R50 per unit per year. You anticipate that both costs will be constant
during the next year. Orders are received two weeks after being placed with the supplier. Assume a 50-week year and
that demand is constant throughout the year.