Question: Describe a possible process by which LL Bean determined how many slippers to buy from their Chinese Supplier if they were treated as an independent

Describe a possible process by which LL Bean determined how many slippers to buy from their Chinese Supplier if they were treated as an independent demand inventory item subject to re-order. Make sure to use the following terms: re-order point, safety stock, risk of stockout, economic order quantity, lead time, holding costs, ordering costs, and ERP system.

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