Fixed Ordering cost$-68903$

Holding cost rate, annual $(\%)37\mathrm{.}19$

Supplier $1$ Supplier $2$ Supplier $3$

Product Price $($per unit$)99155\mathrm{.}762\mathrm{.}1$

Lead time $($days$)1339718$

Transportation cost $($per unit$)1\mathrm{.}1448819\mathrm{.}7987$

Minimum Shipment size $($units$)1558031163$

We have provided the demand data for a product spanning the next $24$ months. The company aims to choose a supplier to economically source this product. Make suitable assumptions to use OM techniques discussed in this course to identify a suitable supplier. Feel free to provide brief justifications and notes$\backslash$table$[[$Periods $($Month$),$Demand$],[1,1606],[2,1611],[3,1504],[4,1509],[5,1606],[6,1611],[7,1504],[8,1509],[9,1606],[10,1611],[11,1504],[12,1509],[13,1606],[14,1611],[15,1504],[16,1509],[17,1606],[18,1611],[19,1504],[20,1509],[21,1606],[22,1611],[23,1504],[24,1509]]$