Question: As part of its new Lean program, Qwik-and-Done has signed a long-term contract with Lighting Manufacturers and will now place orders for its LED lamps

As part of its new Lean program, Qwik-and-Done

As part of its new Lean program, Qwik-and-Done has signed a long-term contract with Lighting Manufacturers and will now place orders for its LED lamps electronically. Ordering costs will drop to $0.50 per order, but carrying costs are raised to $20.7/lamp. What is the new EOQ? Answer: How many orders will now be placed? Answer: What is the total annual cost of managing inventory with this policy

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