Question: II) Problem Solving: 2) Please calculate the following: A hardware company 4 points stocks nuts and bolts and orders them from a local supplier every

II) Problem Solving: 2) Please calculate the following: A hardware company 4 points stocks nuts and bolts and orders them from a local supplier every two weeks (10 working days). Lead time is four days. The average demand for 3/4 inch bolts is 300 per week, and they want a safety stock of six day's supply on hand. An order is to be placed this week, and the stock on hand is 260 bolts. a) What is the target level? (2 Marks) b) How many 3/4 inch bolts should be ordered this time? (2 Marks) Option 1

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