Question: Given the following information, formulate an inventory management system. The item is demanded 5 0 weeks a year. a . State the order quantity and

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.
a. State the order quantity and reorder point.
b. Determine the annual holding and order costs.
c. If a price break of $50 per order was offered for purchase quantities of over 2,000, would you take advantage of it? How much would
you save annually?
Given the following information, formulate an inventory management system. The item

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