DXB computer Inc. purchase 6,000 RAM chips each year as components in their laptops . The unit cost of each RAM chip is $20 , and the cost of carrying one RAM chip in inventory for a year is $3. Ordering cost is $40 per order. Assume that DXB Computer Inc. Operates on a 300-day working year .

Critically analyze and determine the following

1. The optimal order quantity
2. The expected number of orders placed each year
3. The expected time between orders
4. If the delivery time from his supplier generally takes 8 working days, when should the re-order point be for the company?
5. While there are about 10 companies in the GCC area that can supply the RAM chips, DXB Computer Inc. decided to only purchases them 2 suppliers from ( Qatar, Oman ). What supply chain strategy is DXB computer Inc. using in their business?
6. Describe two reasons why they chose such a supply chain strategy?
7. Name 2 risks involved in the above strategy and how the company can mitigate them.