Question: Argent, would you please help me rewrite this paragraph in other simple and understandable words and explain the possible inventory savings for the product GS131after

Argent, would you please help me rewrite this paragraph in other simple and understandable words and explain the possible inventory savings for the product GS131after reviewing the calculation I did, I need to give a presentation for 3 minutes but it has to be in different words. I can not organize my thoughts.

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Argent, would you please help me rewrite this paragraph in other simple

and understandable words and explain the possible inventory savings for the product

EOQ 2DS/H300 units Therefore the optimal order quantity for GS131 is 300 2-Safety stock rance vi teau untec) SS 46 Therefore, SS is rounded up to 77 3-ROP: Therefore, ROP is rounded up to 820 Original Order Quantity: 650 Possible Inventory Savings This is calculated using: (Q/2)H+(QD)S Where Q =order quantity, H= annual holding cost per unit, D= annual demand, and S= ordering cost. For GS131: using the original order quantity: 650 units. For GS131: (2650)2.15+(6506438)15=698.75+148.57=847.32roundedupto$848 Using the EOQ:300 units: (2300)2.15+(3006438)15=322.5+321.9=644.4roundedupto$645 Using the above calculations, we can see that there are significant differences in total ordering and holding costs. If the company orders based on the EOQ calculations, it will save up to 21.7% on the FB378 product and 24% on the GS131 product. Furthermore, the addition of both EOQs illustrates that the warehouse does not need to exhaust its stock-keeping units, as both EOQs total 783 , while the original order quantity totals 1650 . The difference in percentage between these two figures is 53% ! That means there can be a potential 53% reduction in warehouse usage. Northcutt Bikes will be able to meet their 95% servicellevel, meet oustomer demands, and maximize costs and warehouse capacity in this manner

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