Based on the information given below, answer the next 3 questions. You are an executive of a business where the demand for your products has been stable and almost constant. You know that your supply chain manager, Jason Kluless, is purchasing the product at a constant price (with no quantity discounts from a supplier. At the end of the fiscal year, Mr. Kluless submits a report with the following cost information: Annual Ordering Costs = $630,000 Annual Inventory Holding Cost = $400,000 By looking at these two numbers, answer the following questions. Part : Is Mr. Kluless using EOQ as his order quantity? A. Yes B. No C. Given information is insufficient to answer this question Part II: To reduce the total inventory costs, what recommendations do you have about the order quantity? Answer: I would recommend Mr. Kluless to A. Increase his order quantity per order B. Decrease his order quantity per order C. Keep the order quantity per order the same, as it is already the optimal decision D. Given information is insufficient to make any recommendations E. None of the above Part II To reduce the total inventory costs, what recommendations do you have about the order quantity? Answer: I would recommend Mr. Kluless to A. Increase his order quantity per order B. Decrease his order quantity per order C. Keep the order quantity per order the same, as it is already the optimal decision D. Given information is insufficient to make any recommendations E None of the above Parel II: To reduce the total inventory costs, what recommendations do you have about the order frequency? Answer: I would recommend Mr. Kluless to A. Order more frequently B. Order less frequently C. Keep the current order frequency unchanged, as it is already the best D. Given information is insufficient to make any recommendations E. None of the above